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CONSOLIDATED FINANCIAL REPORT

145

CONSOLIDATED STATEMENT OF CASH FLOWS

(1)

The figure for 2015 primarily refers to the acquisition of Gulf Coast Downhole Technology for Euro 32 million (paid as at 31 December

2015) and of Oman Cables Industry (SAOG) for Euro 105 million, net of the company's acquisition-date cash and cash equivalents. The

figure for 2014 referred to the receipt of Euro 15 million for the purchase price adjustment regarding Global Marine Systems Energy Ltd

and to the payment of Euro 6 million for the acquisition of 34% of the subsidiary AS Draka Keila Cables.

(2)

Finance costs paid of Euro 518 million include interest payments of Euro 46 million in 2015 (Euro 53 million in 2014).

(3)

Finance income received of Euro 418 million includes interest income of Euro 10 million in 2015 (Euro 7 million in 2014).