Consolidated statement of financial position as at 31 December 2021

(before appropriation of result)

In millions of euros	Notes	31 Dec. 2021	31 Dec. 2020
Assets
Fixed assets
- tangible fixed assets	4.5	9,077.5	9,125.0
- investments in joint ventures	7	284.0	241.2
- investments in associates	8	0.5	0.5
- other participating interests	9	515.2	509.3
- deferred tax assets	10	258.0	267.4
Total fixed assets		10,135.2	10,143.4
Current assets
- inventories	11	49.7	47.2
- trade and other receivables	12	228.6	173.6
- corporate income tax	13	28.0	3.9
- cash and cash equivalents	14	38.3	17.9
Total current assets		344.6	242.6
Total assets		10,479.8	10,386.0

In millions of euros	Notes	31 Dec. 2021	31 Dec. 2020
Liabilities
Total equity
attributable to the shareholders	15	6,429.3	6,341.0
Non-current liabilities
- interest-bearing loans	16	2,506.0	2,360.1
- lease liabilities	17	96.9	92.5
- contract liabilities	18	46.2	47.2
- deferred tax liabilities	19	193.9	179.1
- employee benefits	20	118.2	127.6
- other provisions	21	28.8	30.2
Total non-current liabilities		2,990.0	2,836.7
Current liabilities
- current financing liabilities	22	744.2	958.2
- lease liabilities	17	7.8	7.5
- contract liabilities	18	3.6	3.4
- trade and other payables	23	304.9	228.2
- corporate income tax	13	-	11.0
Total current liabilities		1,060.5	1,208.3
Total liabilities		10,479.8	10,386.0

Consolidated statement of profit and loss for 2021

In millions of euros	Notes		2021		2020
Continuing operations
Net revenue	26		1,386.3		1,372.2
Capitalised expenses	5	61.6		54.8
Personnel expenses	27	-198.3		-190.9
Depreciation costs	5.28	-347.9		-327.3
Reversal of impairment	4	-		300.0
Other costs	29	-486.6		-350.1
Total expenses			-971.2		-513.5
Operating result			415.1		858.7
Financial income	30		2.3		2.8
Financial expenses	31		-59.3		-70.6
Share in result of joint ventures	7		29.3		31.0
Share in result of associates	8		-		-
Dividend received from other participating interests	9		32.5		31.3
Result before taxation			419.9		853.2
Income taxes	32		-109.2		-253.5
Result after taxation			310.7		599.7

Consolidated statement of other comprehensive income for 2021

In millions of euros	Notes		2021		2020
Result after taxation according to consolidated statement of profit and loss			310.7		599.7
Sum of actuarial gains and losses on employee benefits,	20.43	10.9		-6.2
of which corporate income tax		-3.2		1.9
Total of results taken to equity which will not be recycled to profit and loss			7.7		-4.3
Changes in other participating interests measured at fair value	9.42	-1.1		-5.7
Changes in the cash flow hedge reserve,	15,41	-		-1.2
of which corporate income tax		-		0.3
Changes in the cash flow hedge reserve concerning joint ventures and associates	7.43	11.4		5.7
Total of results taken to equity which will be reclycled to profit and loss			10.3		-0.9
Total comprehensive income for the year			328.7		594.5
Attributable to the shareholders			328.7		594.5

Consolidated statement of changes in equity for 2021

In millions of euros	Share capital	Cash flow hedge reserve	Fair value reserve	Other reserves	Unappropriated result	Total
2021
Balance as at 1 January 2021	0.2	-	336.5	5,404.6	599.7	6,341.0
Comprehensive income for the financial year	-	-	-1.1	19.1	310.7	328.7
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
2020
Balance as at 1 January 2020	0.2	0.9	342.2	5,180.1	412.0	5,935.4
Comprehensive income for the financial year	-	-0.9	-5.7	1.4	599.7	594.5
Movement in deferred taxation	-	-	-	99.5	-	99.5
Dividend paid for 2019	-	-	-	-	-288.4	-288.4
Added to other reserves	-	-	-	123.6	-123.6	-
Balance as at 31 December 2020	0.2	-	336.5	5,404.6	599.7	6,341.0

Consolidated cash flow statement for 2021

In millions of euros	Notes		2021		2020
Cash flow from operating activities
Revenues	3.26	1,386.3		1,372.2
Total expenses	27,28,29	-971.2		-513.5
Operating result			415.1		858.7
Adjustments for:
- depreciation costs	5.28	347.4		318.4
- reversal of impairment	4.5	-		-300.0
- change in inventories	11	-2.5		-0.3
- change in net working capital	12.23	54.3		9.0
- change in provisions	20.21	-10.9		4.1
- result from disposals	28	0.5		8.9
Cash generated from business operations			803.9		898.8
Interest received	30	1.2		1.7
Dividend received from joint ventures	7	17.8		22.4
Dividend received from other participating interests	9	32.5		31.3
Interest paid	31	-77.7		-80.0
Corporate income tax paid	32	-101.5		-59.1
Cash flow from operating activities			676.2		815.1

In millions of euros	Notes		2021		2020
Cash flow from investing activities
Acquisitions (excl. acquired cash and cash equivalents)	2	-		-11.5
Investments in tangible fixed assets	5	-298.9		-327.5
Disposals of tangible fixed assets	5	11.4		-
Investments in joint ventures	7	-19.9		-14.7
Investments in other equity interests	8	-7.0		-
Cash flow from investing activities			-314.4		-353.7
Cash flow from financing activities
Uptake of long-term loans	16	638.7		-
Repayment of long-term loans	16	-733.2		-21.4
Lease payments	17	-9.6		-9.0
Uptake (repayment) of short-term financing	22	25.0		-170.0
Dividend paid	44	-262.3		-288.4
Cash flow from financing activities			-341.4		-488.8
Net cash flow for the financial year			20.4		-27.4
Cash and cash equivalents at previous year-end	14	17.9		45.3
Cash and cash equivalents at year-end	14	38.3		17.9
Change in cash and cash equivalents			20.4		-27.4