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Consolidated statements of cash flows

11/07/2014 - 04:30 PM

Consolidated statements of cash flows (millions of euros) 1.1.-30.9         2014 1.1.-30.9         2013 (*) 1.1.-30.9         2012 (*)
Cash flows generated (used) by operating activities             3.465            4.343 nd
Cash flows generated (used) by investing activities           (3.594)           (3.066) nd
Cash flows generated (used) by financing activities           (1.517)           (3.133) nd
Cash flows generated (used) by discontinued operations/assets held for sale              (324)                  98 nd
Net cash and cash equivalents at the beginning of the year             6.296             7.397 nd
Net effect of foreign currency translation on cash and cash equivalents              (31)              (252) nd
Net cash and cash equivalents at the end of the year             4.295             5.387 nd
(*) On November 13, 2013, the Telecom Italia Group accepted the offer for the purchase of the entire controlling interest held in the Sofora - Telecom Argentina group. As a result, pursuant to IFRS 5 (Non-current assets held for sale and discontinued operations) the Argentina Business Unit was classified under Discontinued operations – Available-for-sale assets.