14.8.1. Changes in liabilities from financing activities and net debt
| Loans and borrowings | Bonds | Cash | Short-term deposits |
Net debt | Lease | Change in liabilities from financing activities | |
| ( A ) | ( B ) | ( C ) | (D) | (A + B – C – D) | ( E ) | ( A + B + E) | |
| 01/01/2021 | 3 996 | 10 364 | 1 240 | 60 | 13 060 | 5 214 | 19 574 |
| Cash changes | |||||||
| net proceeds/(outflows) | (313) | 773 | 1 367 | (62) | (845) | (701) | (241) |
| acquisition of subsidiaries | – | – | 183 | – | (183) | – | – |
| interest and fees paid | (61) | (257) | – | – | (318) | (151) | (469) |
| Non-cash changes | |||||||
| foreign exchange differences | 40 | (80) | 106 | 2 | (148) | 29 | (11) |
| valuation of debt | 70 | 304 | – | – | 374 | 158 | 532 |
| acquisition of subsidiaries | 335 | – | – | – | 335 | 126 | 461 |
| incl.: WIND 3 Group | 318 | – | – | – | 318 | – | 318 |
| new lease agreements, increase in lease remuneration | – | – | – | – | – | 1 023 | 1 023 |
| other * | – | – | – | – | – | (143) | (143) |
| 31/12/2021 | 4 067 | 11 104 | 2 896 | – | 12 275 | 5 555 | 20 726 |
| Loans and borrowings | Bonds | Cash | Short-term deposits |
Net debt (restated data) |
Lease | Change in liabilities from financing activities | |
| ( A ) | ( B ) | ( C ) | (D) | ( A + B – C – D) | ( E ) | ( A + B + E) | |
| 01/01/2020 | 2 136 | 6 471 | 6 159 | – | 2 448 | 3 998 | 12 605 |
| Cash changes | |||||||
|
net proceeds/(outflows) |
(3 106) | 900 | (3 671) | 60 | 1 405 | (675) | (2 881) |
|
acquisition of subsidiaries |
– | – | (1 288) | – | 1 288 | – | – |
|
incl.: ENERGA Group |
– | – | (1 157) | – | 1 157 | – | – |
|
interest and fees paid |
(87) | (210) | – | – | (297) | (111) | (408) |
| Non-cash changes | – | ||||||
|
foreign exchange differences |
16 | 450 | 40 | – | 426 | – | 466 |
|
valuation of debt |
125 | 270 | – | – | 395 | 141 | 536 |
|
acquisition of subsidiaries |
4 912 | 2 483 | – | – | 7 395 | 695 | 8 090 |
|
incl.: ENERGA Group |
4 866 | 2 483 | – | – | 7 349 | – | 7 349 |
|
new lease agreements, increase in lease remuneration |
– | – | – | – | – | 1 052 | 1 052 |
|
other * |
– | – | – | – | – | 114 | 114 |
| 31/12/2020 | 3 996 | 10 364 | 1 240 | 60 | 13 060 | 5 214 | 19 574 |
* other non-cash changes include mainly liquidation and accrued lease payments, most of which have been paid and recognised in cash changes in net inflows/(outflows).
The Group defined net debt as: non-current and current loans, borrowings and bonds lower by cash and short-term deposits.