Movement in working capital
| 2018 | Movement in statement of financial position | Effect of the implementation of IFRS 9 | Movement in tax settlements |
Net cash flow from investing activities | Net cash flow from financing activities | Other | Net cash flow from operating activities (movement in working capital) |
|---|---|---|---|---|---|---|---|
| Inventories | (13.2) | - | - | 5.4 | - | - | (7.8) |
| Trade receivables | 3.5 | (3.3) | - | (1.4) | - | (0.3) | (1.5) |
| Other assets | (22.6) | (1.1) | 2.9 | 7.5 | - | (18.4) | (31.7) |
| Provisions | 18.0 | - | - | - | - | 18.0 | |
| Trade payables | 52.7 | - | - | - | - | 0.1 | 52.8 |
| Investment liabilities | 208.3 | - | - | (173.3) | - | - | 35.0 |
| Other liabilities | 8.6 | - | 1.3 | 8.8 | (5.1) | - | 13.6 |
| Total | 255.3 | (4.4) | 4.2 | (153.0) | (5.1) | (18.6) | 78.4 |
| 2017 | Movement in statement of financial position | Movement in tax settlements | Net cash flow from investing activities | Net cash flow from financing activities | Other | Net cash flow from operating activities (movement in working capital) |
|---|---|---|---|---|---|---|
| Inventories | (27.3) | - | 30.4 | - | - | 3.1 |
| Trade receivables | (72.8) | - | (4.7) | - | (0.8) | (78.3) |
| Other assets | (9.8) | (2.7) | 6.7 | - | (29.8) | (35.6) |
| Provisions | 69.4 | - | - | - | - | 69.4 |
| Trade payables | 69.9 | - | - | - | 0.1 | 70.0 |
| Investment liabilities | 32.7 | - | (32.9) | - | - | (0.2) |
| Other liabilities | (23.8) | (0.3) | 2.0 | (4.7) | - | (26.8) |
| Total | 38.3 | (3.0) | 1.5 | (4.7) | (30.5) | 1.6 |
Other adjustments
| 2018 | 2017 | |
|---|---|---|
| Actuarial profits / (losses) on employee benefits recognized in other comprehensive income | (13.2) | (36.9) |
| Measurement of hedging instruments | (8.4) | 12.7 |
| (Profit) / loss on the sale and liquidation of non-financial non-current assets | (3.2) | (4.6) |
| Result on the sale of entities measured by the equity method | (4.5) | - |
| (Profit) / loss on investing activities | (4.1) | 0.2 |
| FX differences resulting from translation of financial | 0.3 | 0.4 |
| Other | (2.3) | (8.7) |
| Other adjustments in the cash flow statement | (35.4) | (36.9) |
Non-cash transactions
In the 12-month period ended 31 December 2018 and 31 December 2017, major non-financial transactions concerning investing and financial activity which were not reflected in the cash flow statement were as follows:
- Offsetting mutual settlements
In 2018, the Group offset trade receivables with liabilities arising from the purchase of non-financial non-current assets. The total amount of offsets in 2018 amounted to PLN 1.4 million, whereas in 2017 it was PLN 4.7 million.
- Liquidation of rolling stock
When it is decided to liquidate a rolling stock component, its residual value is posted in the item of inventories. In 2018, the residual value of fixed assets reclassified to inventories was PLN 5.4 million, compared to PLN 30.4 million in 2017.
- Purchase of asset components in the form of finance lease
In the 12-month period ended 31 December 2018, the Group, under executed finance lease agreements, purchased fixed assets worth PLN 0.8 million. In the 12-month period ended 31 December 2017, the value of fixed assets acquired under finance lease agreements was PLN 3.4 million.