Consolidated statement of financial position as at 31 December 2022

(before appropriation of result)

In millions of euros	Notes	31 Dec. 2022	31 Dec. 2021
Assets
Fixed assets
- tangible fixed assets	4.5	9,457.0	9,077.5
- investments in joint ventures	7	372.3	284.0
- investments in associates	8	0.6	0.5
- other participating interests	9	7.0	515.2
- deferred tax assets	10	239.2	258.0
Total fixed assets		10,076.1	10,135.2
Current assets
- inventories	11	196.6	49.7
- trade and other receivables	12	361.8	228.6
- corporate income tax	13	2.6	28.0
- cash and cash equivalents	14	435.9	38.3
Total current assets		996.9	344.6
Assets held for sale	7	32.2	-
Total assets		11,105.2	10,479.8

In millions of euros	Notes	31 Dec. 2022	31 Dec. 2021
Liabilities
Total equity
attributable to the shareholders	15	6,304.4	6,429.3
Non-current liabilities
- interest-bearing loans	16	2,775.5	2,506.0
- lease liabilities	17	411.0	96.9
- contract liabilities	18	60.7	46.2
- deferred tax liabilities	19	170.2	193.9
- employee benefits	20	86.2	118.2
- other provisions	21	97.0	28.8
- derivative financial instruments	22	15.9	-
Total non-current liabilities		3,616.5	2,990.0
Current liabilities
- current financing liabilities	23	225.0	744.2
- lease liabilities	17	70.1	7.8
- contract liabilities	18	10.1	3.6
- trade and other payables	24	846.4	304.9
- corporate income tax	13	32.7	-
Total current liabilities		1,184.3	1,060.5
Total liabilities		11,105.2	10,479.8

Consolidated statement of profit and loss for 2022

In millions of euros	Notes		2022		2021
Continuing operations	27
Net revenue			2,257.6		1,386.3
Capitalised expenses	5	71.9		61.6
Personnel expenses	28	-221.9		-198.3
Depreciation costs	5.29	-365.7		-347.9
Impairments	4	-159.1		-
Other costs	30	-853.9		-486.6
Total expenses			-1,528.7		-971.2
Operating result			728.9		415.1
Financial income	31		24.4		2.3
Financial expenses	32		-66.9		-59.3
Share in result of joint ventures	7		34.3		29.3
Share in result of associates	8		0.1		-
Dividend received from other participating interests	9		-		32.5
Result before taxation			720.8		419.9
Income taxes	33		-165.9		-109.2
Result after taxation			554.9		310.7

Consolidated statement of other comprehensive income for 2022

In millions of euros	Notes		2022		2021
Result after taxation according to consolidated statement of profit and loss			554.9		310.7
Sum of actuarial gains and losses on employee benefits	20.43	31.7		10.9
of which corporate income tax		-9.4		-3.2
Changes in other participating interests measured at fair value	9.42	-508.1		-1.1
Total of results taken to equity which will not be reclassified to profit and loss			-485.8		6.6
Changes in the cash flow hedge reserve concerning joint ventures and associates	7.43	23.7		11.4
Total of results taken to equity which will be reclassified subsequently to profit and loss			23.7		11.4
Other comprehensive income			-462.1		18.0
Total comprehensive income for the year			92.8		328.7
Attributable the the shareholders			92.8		328.7

Consolidated statement of changes in equity for 2022

In millions of euros	Share capital	Fair value reserve	Other reserves	Unappropriated result	Total
2022
Balance as at 1 January 2022	0.2	335.4	5,782.9	310.7	6,429.2
Result for the financial year	-	-	-	554.9	554.9
Other comprehensive income for the financial year	-	-508.1	46.0	-	-462.1
Dividend paid for 2021	-	-	-	-217.5	-217.5
Added to other reserves	-	-	93.2	-93.2	0.0
Balance as at 31 December 2022	0.2	-172.7	5,922.1	554.9	6,304.4
2021
Balance as at 1 January 2021	0.2	336.5	5,404.6	599.7	6,341.0
Result for the financial year	-	-	-	310.7	310.7
Other comprehensive income for the financial year	-	-1.1	19.1	-	18.0
Movement in deferred taxation	-	-	21.8	-	21.8
Dividend paid for 2020	-	-	-	-262.3	-262.3
Added to other reserves	-	-	337.4	-337.4	-
Balance as at 31 December 2021	0.2	335.4	5,782.9	310.7	6,429.2

Consolidated cash flow statement for 2022

In millions of euros	Notes		2022		2021
Cash flow from operating activities
Revenues	3.27	2,257.6		1,386.3
Total expenses	28,29,30	-1,528.7		-971.2
Operating result			728.9		415.1
Adjustments for:
-          depreciation costs	5.29	362.1		347.4
-          impairments	4.5	159.1		-
-          change in inventories	11	-139.8		-2.5
-          change in net working capital	12.24	441.2		54.3
-          change in provisions	20.21	36.3		-10.9
-          change in derivative financial instruments	22	-15.9		-
-          result from disposals	29	3.4		0.5
Cash flow from operating activities			1,575.3		803.9
Interest received	31	3.4		1.2
Dividend received from joint ventures	7	27.9		17.8
Dividend received from other participating interests	9	-		32.5
Interest paid	32	-69.0		-77.7
Corporate income tax paid	33	-122.2		-101.5
Cash flow from operating activities			1,415.4		676.2

In millions of euros	Notes		2022	2021
Cash flow from investing activities
Investments in tangible fixed assets	5	-426.6		-298.9
Disposals of tangible fixed assets	5	-		11.4
Investments in joint ventures	7	-87.8		-19.9
Investments in other equity interests	8.9	-		-7.0
Cash flow from investing activities			-514.4		-314.4
Cash flow from financing activities
Uptake of long-term loans	16	493.1		638.7
Repayment of long-term loans	16	-494.2		-733.2
Lease payments	17	-35.9		-9.6
Uptake of short-term financing	23	1,175.0		2,340.0
Repayment of short-term financing	23	-1,425.0		-2,315.0
Dividend paind	45	-217.5		-262.3
Cash flow from financing activities			-504.5		-341.4
Net cash flow for the financial year			396.5		20.4
Cash and cash equivalents at previous year-end	14		38.3		17.9
Effects of exchange rate changes on cash and cash equivalents			1.1		-
Cash and cash equivalents at year-end	14		435.9		38.3