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141
2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Consolidated statement of cash flows
(in € millions)
2014
2013
Repayments of bonds
(1,178)
(2,519)
Net interests paid
(463)
(487)
Other changes in borrowings
71
(274)
Impact of discontinued operations
(17)
54
Net cash from/(used in) financing activities
(874)
(2,489)
Net change in cash and cash equivalents before the effect of changes in exchange rates
(1,662)
(1,669)
Effect of changes in exchange rates
19
(147)
Net change in cash and cash equivalents
(1,643)
(1,816)
Cash and cash equivalents at beginning of year
4,757
6,573
Cash and cash equivalents at end of year
3,113
4,757
(1) After the reclassification in the consolidated income statement of income from companies accounted for by the equity method (see Note 4.2), dividends received
in 2014 amounted to €33 million (2013: €30 million).
(2) See Note 38 for details.
(3) The amount reported for 2014 corresponds to the various acquisitions described in the section “Significant events of the year” (including Dia in France and Billa
in Italy) and to Carrefour’s investments in the Carmila joint venture.
(4) The amount reported for 2013 corresponds to the sale of Majid Al Futtaim Hypermarkets for €526 million.
(5) In 2013, this item mainly includes the proceeds from the sale of operations in Indonesia.
(6) This item corresponds mainly to the sale of 10% of the Group’s Brazilian subsidiary as described in the significant events of the year and the buyout of non-
controlling interests in France.