(in million €) 2017 2018
Profit (loss) from continuing operations 229.1 327.8
  Adjustments for profit of equity companies (29.6) (6.7)
  Adjustment for non-cash transactions 190.7 348.3
  Adjustments for items to disclose separately or under investing and financing cashflows 98.3 130.4
  Change in working capital requirement (275.5) (708.0)
Cashflow generated from operations 213.1 91.8
Dividend received 15.3 8.4
Tax paid during the period (74.4) (127.4)
Government grants received (0.6)             -  
Net operating cashflow 153.3 (27.3)
  Acquisition of property, plant and equipment (351.1) (466.0)
  Acquisition of intangible assets (25.6) (31.8)
  Acquisition of new subsidiaries, net of cash acquired (211.5) (24.2)
  Acquisition in additional shareholdings in subsidiaries             -   (123.4)
  Acquisition of financial assets (0.1) (2.5)
  New loans extended (9.9) (2.5)
Sub-total acquisitions (598.2) (650.3)
  Disposal of property, plant and equipment 5.4 6.2
  Disposal of intangible assets 1.4 12.1
  Disposal of subsidiaries and associates, net of cash disposed 74.2 35.7
  Disposal of financial fixed assets 0.4 17.4
  Repayment of loans 20.0 3.6
  Internal transfers 0.0 (1.6)
Sub-total disposals 101.5 73.4
Net cashflow generated by (used in) investing activities (496.7) (577.0)
  Capital increase 0.0 881.4
  Capital increase (decrease) minority 0.4 10.8
  Own shares 6.0 (79.3)
  Interest received  4.0 5.9
  Interest paid (18.4) (37.6)
  New loans and repayments 562.1 120.3
  Dividends paid to Umicore shareholders (150.7) (1753)
  Dividends paid to minority shareholders (5.6) (20.1)
Net cashflow generated by (used in) financing activities 397.8 706.0
Effect of exchange rate fluctuations 14.0 (0.5)
Total net cashflow of the period 68.4 101.2
Net cash and cash equivalents at the beginning of the period for continuing operations 71.3 155.9
Impact of financing discontinued operations 16.2             -  
Net cash and cash equivalents at the end of the period for continuing operations 155.9 257.1
of which cash and cash equivalents 168.1 285.1
of which bank overdrafts (12.2) (28.0)