Enel SpA Statement of Cash Flows - Euro EN Statement_of_Cash_Flows_en of which with related parties of which with related parties Income before taxes 809,448,441 275,951,978 Adjustments for: Amortization and impairment losses of intangible assets and property, plant and equipment 5.d 12,603,102 11,703,869 Exchange rate adjustments of foreign currency assets and liabilities 274,383,043 287,123,443 Accruals to provisions 49,937,771 24,534,294 Dividends from subsidiaries, associates and other companies 6 (2,024,387,668) (2,024,387,668) (1,818,272,847) (1,818,272,847) Net financial (income)/expense 452,404,251 1,589,198,831 623,640,479 524,292,099 (Gains)/Losses from disposals and other non-monetary items 314,602,481 535,184,427 Cash flows from operating activities before changes in net current assets (111,008,579) (60,134,357) Increase/(Decrease) in provisions (28,744,537) (55,266,390) (Increase)/Decrease in trade receivables 17 (151,458,645) (150,839,951) 84,189,474 82,062,633 (Increase)/Decrease in financial and non-financial assets/liabilities 402,341,325 (414,927,710) 54,102,343 (233,456,295) Increase/(Decrease) in trade payables 27 25,246,436 4,713,798 (73,343,882) (27,896,752) Interest income and other financial income collected 1,778,925,604 827,993,050 774,010,519 470,312,293 Interest expense and other financial expense paid (2,528,964,520) (764,118,403) (1,369,270,987) (148,092,677) Dividends from subsidiaries, associates and other companies 6 2,024,387,668 2,024,387,668 1,818,272,847 1,818,272,847 Income taxes paid (consolidated taxation mechanism) (348,876,817) (246,793,145) Cash flows from operating activities (a) 1,061,847,935 925,766,422 Investments in property, plant and equipment and intangible assets 10-Nov (14,699,685) (14,419,589) (10,940,364) (10,406,565) Disposals of property, plant and equipment and intangible assets 10-Nov - - Investments in entities 13 (546,800,000) (546,800,000) -200 -200 Disposals of equity investments 13 1,861,291 1,861,291 - Cash flows from investing/disinvesting activities (b) (559,638,394) (11,140,364) Financial debt (new long-term borrowing) 23 - 1,602,264,514 Financial debt (repayments and other net changes) 23 (2,394,106,607) (1,103,409,596) Net change in long-term financial payables/(receivables) (346,634,658) 45,540,653 (974,482,447) Net change in short-term financial payables/ (receivables) 2,508,323,348 (15,837,605) 4,632,587,974 2,682,474,947 Dividends paid 22 (1,316,470,887) (1,222,435,833) Cash flows from financing activities (c) (1,548,888,804) 2,934,524,612 Increase/(Decrease) in cash and cash equivalents (a+b+c) (1,046,679,263) 3,849,150,670 Cash and cash equivalents at the beginning of the year 21 6,972,042,465 3,122,891,795 Cash and cash equivalents at the end of the year 21 5,925,363,202 6,972,042,465