Statement of Cash Flows (IFRS)

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Statement of Cash Flows (IFRS)

Cash flows from operating activities

(¥million)

Year ended
Nov. 30, 2015
Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Profit before tax 6,040,311 8,450,048 9,049,467 10,171,017
Depreciation expense 222,440 333,415 393,045 621,108
Increase (decrease) in provisions and retirement benefits obligations (164,709) 43,168 98,422 112,683
Interest and dividends income (22,840) (63,062) (76,881) (85,743)
Interest expenses 874,493 892,920 861,281 790,534
Gain on disposal of available-for-sale financial assets
Gain on sales of stocks of subsidiaries and affiliates (123,505)

Loss on retirement of property, plant and equipment 2,372 7,711 22,955 791
Decrease (increase) in trade and other receivables (1,097,514) 944,245 (13,498)

(827,489)

Decrease (increase) in inventories (8,845,226) (15,971,161) 353,672 (932,707)
Increase (decrease) in trade and other payables 930,567 235,008 415,296 (14,822)
Other, net (28,424) (110,587) 59,676 (79,792)
Subtotal (2,088,530) (5,238,293) 11,039,932 9,755,580
Interest and dividends income received 22,832 63,063 76,619

85,743

Income taxes paid (2,377,395) (2,297,257) (4,027,392)

(2,226,001)

Net cash from (used in) operating activities (4,443,093) (7,472,487) 7,089,159 7,615,322

Cash flows from investing activities

(¥million)

Year ended
Nov. 30, 2015
Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Payments into time deposits (100,000) (45,000)
Proceeds from withdrawal of time deposits 240,000 30,000 95,000
Purchase of property, plant and equipment (71,303) (54,277) (30,994) (72,169)
Purchase of investment properties (750,033) (1,743,387) (1,282,517) (8,714,445)
Purchase of intangible assets (37,610) (27,711) (13,189) (33,450)
Purchase of available-for-sale financial assets (5,020) (321,636) (687,589) (473,717)
Collection of available-for-sale financial assets 757,951 124,918 7,619 1,907
Proceeds from sales of available-for-sale financial assets 444,960 34,680 349,201 3,458
Payments of loans receivable (2,935,000) (1,085,000)
Collection of loans receivable 64 72 2,760,075 77
Purchase of investments in subsidiaries resulting in change in scope of consolidation (3,297,173) (182,766) (1,502,160)
Proceeds from purchase of investments in subsidiaries resulting in change in scope of consolidation 40,563
Proceeds from sales of investments in subsidiaries resulting in change in scope of consolidation 39,328
Other, net 2,596 132 12,032 3,715
Net cash from (used in) investing activities 481,605 (8,193,818) (18,800) (10,786,784)

Cash flows from financing activities

(¥million)

Year ended
Nov. 30, 2015
Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Net increase (decrease) in current borrowings (95,000) (95,000) (1,930,300) 117,500
Proceeds from non-current borrowings 31,627,000 31,627,000 38,871,150 41,148,950
Repayments of non-current borrowings (23,273,064) (23,273,064) (39,951,833) (33,360,923)

Proceeds from issuance of new shares 

208,086
Cash dividends paid (578,436) (578,436) (1,061,561) (1,206,976)
Interest expenses paid (1,015,655) (1,015,655) (886,261) (960,968)
Other, net (3,745) (3,745) (3,374) (3,783)
Net cash flows from (used in) financing activities 6,661,097 6,661,097 (4,962,180) 5,941,884

Cash and cash equivalents at end of year

(¥million)

Year ended
Nov. 30, 2015
Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Net increase (decrease) in cash and cash equivalents 2,699,610 2,699,610 2,108,179 2,770,422
Cash and cash equivalents at beginning of year 16,100,795 16,100,795 21,640,866 23,750,239
Effect of exchange rate change on cash and cash equivalents (9,323) (9,323) 1,193 (92)
Cash and cash equivalents at end of year 18,791,081 18,791,081 23,750,239 26,520,569