Statement of Cash Flows (IFRS)

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Statement of Cash Flows (IFRS)

Cash flows from operating activities

thousand)

Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Year ended
Nov. 30, 2019
Profit before tax 8,450,048 9,049,467 10,171,017 12,090,095
Depreciation expense 333,415 393,045 621,108 873,834
Increase (decrease) in provisions and retirement benefits obligations 43,168 98,422 112,683 106,807
Interest and dividends income (63,062) (76,881) (85,743) (154,466)
Interest expenses 892,920 861,281 790,534 755,329
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 7,711 22,955 791
Decrease (increase) in trade and other receivables 944,245 (13,498) (827,489)

(765,621)

Decrease (increase) in inventories (15,971,161) 353,672 (932,707) (15,378,771)
Increase (decrease) in trade and other payables 235,008 415,296 (14,822) 2,445,402
Other, net (110,587) 59,676 (79,792) 2,079
Subtotal (5,238,293) 11,039,932 9,755,580 (25,311)
Interest and dividends income received 63,063 76,619 85,743

102,094

Income taxes paid (2,297,257) (4,027,392) (2,226,001)

(3,876,675)

Net cash from (used in) operating activities (7,472,487) 7,089,159 7,615,322 (3,799,892)

Cash flows from investing activities

(¥million)

Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Year ended
Nov. 30, 2019
Payments into time deposits (45,000)
Proceeds from withdrawal of time deposits 30,000 95,000 20,000
Purchase of property, plant and equipment (54,277) (30,994) (72,169) (62,602)
Purchase of investment properties (1,743,387) (1,282,517) (8,714,445) (344,209)
Purchase of intangible assets (27,711) (13,189) (33,450) (29,351)
Purchase of available-for-sale financial assets (321,636) (687,589) (473,717) (1,811,147)
Collection of available-for-sale financial assets 124,918 7,619 1,907 26,426
Proceeds from sales of available-for-sale financial assets 34,680 349,201 3,458 151,509
Payments of loans receivable (2,935,000) (1,085,000) (126,730)
Collection of loans receivable 72 2,760,075 77 17,034
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 39,328 536
Other, net 132 12,032 3,715 25,413
Net cash from (used in) investing activities (8,193,818) (18,800) (10,786,784) (2,133,119)

Cash flows from financing activities

(¥million)

Year ended
Nov. 30, 2016
Year ended
Nov. 30, 2017
Year ended
Nov. 30, 2018
Year ended
Nov. 30, 2019
Net increase (decrease) in current borrowings (95,000) (1,930,300) 117,500 1,738,500
Proceeds from non-current borrowings 31,627,000 38,871,150 41,148,950 41,630,045
Repayments of non-current borrowings (23,273,064) (39,951,833) (33,360,923) (28,572,289)

Proceeds from issuance of new shares 

208,086 40,060
Cash dividends paid (578,436) (1,061,561) (1,206,976) (1,455,240)
Interest expenses paid (1,015,655) (886,261) (960,968) (963,688)
Other, net (3,745) (3,374) (3,654) (5,349)
Net cash flows from (used in) financing activities 6,661,097 (4,962,180) 5,941,884 11,412,129

Cash and cash equivalents at end of year

(¥million)

Year ended
Nov. 30, 2016

Year ended
Nov. 30, 2017

Year ended
Nov. 30, 2018
Year ended
Nov. 30, 2019
Net increase (decrease) in cash and cash equivalents 2,699,610 2,108,179 2,770,422 5,479,116
Cash and cash equivalents at beginning of year 16,100,795 21,640,866 23,750,239 26,520,569
Effect of exchange rate change on cash and cash equivalents (9,323) 1,193 (92) (757)
Cash and cash equivalents at end of year 18,791,081 23,750,239 26,520,569 31,998,929