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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Profit / (loss) before tax $ 802 $ 464 [1],[2] $ 373 [1],[2]
Non-cash adjustments to reconcile profit before tax to net cash flows      
Depreciation, amortization and impairment loss / (reversal) 671 826 [1] 792 [1]
(Gain) / loss on disposal of non-current assets 1 (9) [1] 10 [1]
(Gain) / loss on disposal of subsidiaries (88) 0 [1] 0 [1]
Finance costs 583 591 [1] 569 [1]
Finance income (32) (13) [1] (19) [1]
Other non-operating (gain) / loss (9) (26) [1] (84) [1]
Net foreign exchange (gain) / loss (181) 7 [1],[2] (16) [1],[2]
Changes in trade and other receivables and prepayments (154) (141) [1] (18) [1]
Changes in inventories (12) (4) [1] (5) [1]
Changes in trade and other payables 52 63 [1] 39 [1]
Changes in provisions, pensions and other 48 (14) [1] (14) [1]
Interest paid (489) (521) [1] (534) [1]
Interest received 25 12 [1] 20 [1]
Income tax paid (284) (274) [1] (269) [1]
Net cash flows from operating activities from continuing operations 933 961 [1] 844 [1]
Net cash flows from operating activities from discontinued operations 1,624 1,677 [1] 1,599 [1]
Investing activities      
Purchase of property, plant and equipment (634) (699) [1] (550) [1]
Purchase of intangible assets (376) (159) (132)
Receipts from / (Payments) on deposits (54) (58) [1] (69) [1]
Receipts from / (Investments in) financial assets [3] (14) (48) [1] (8) [1]
Acquisition of a subsidiary, net of cash acquired (16) 0 [1] 0 [1]
Proceeds from sales of share in subsidiaries, net of cash 40 0 [1] (10) [1]
Other proceeds from investing activities, net (3) (3) [1] (47) [1]
Net cash flows from / (used in) investing activities from continuing operations (1,057) (967) [1] (816) [1]
Net cash flows from / (used in) investing activities from discontinued operations (599) (213) [1] (1,050) [1]
Financing activities      
Proceeds from borrowings, net of fees paid [4] 2,087 2,081 [1] 4,621 [1]
Repayment of debt (1,619) (1,977) [1] (4,148) [1]
Acquisition of non-controlling interest 0 (279) [1] (1) [1]
Dividends paid to owners of the parent 0 0 [1] (259) [1]
Dividends paid to non-controlling interests (12) (17) [1] (39) [1]
Net cash flows from / (used in) financing activities from continuing operations 456 (192) [1] 174 [1]
Net cash flows from / (used in) financing activities from discontinued operations (340) (552) [1] (277) [1]
Net increase / (decrease) in cash and cash equivalents 1,017 714 [1] 474 [1]
Net foreign exchange difference related to continuing operations (95) (18) [1] (51) [1]
Net foreign exchange difference related to discontinued operations (21) (5) [1] 0 [1]
Cash and cash equivalents classified as discontinued operations/held for sale at the beginning of the period [1] 113 0 0
Cash and cash equivalents classified as discontinued operations/held for sale at the end of the period 146 113 [1] 0 [1]
Cash and cash equivalents at beginning of period [1],[3] 2,239 [5] 1,661 [5] 1,238
Cash and cash equivalents at end of period [5] $ 3,107 $ 2,239 [1],[3] $ 1,661 [1],[3]
[1] * Prior year comparatives for the years ended December 31, 2021 and 2020 are adjusted following the classification of Russia as a discontinued operation (see note 10)
[2] *Prior year comparatives for the years ended December 31, 2021 and 2020 are adjusted following the classification of Russia as a discontinued operation (see Note 10).
[3] **** Certain comparative amounts have been reclassified, refer to Note 24 for further details.
[4] Fees paid for borrowings were US$11 (2021: US$32, 2020: US$29)
[5] Overdrawn amount was US$0 (2021: US$13)