Consolidated statements in millions of Swiss francs 2021 2020 Increase in long-term debt 316 1,405 (Decrease) in long-term debt (14) (784) Increase in short-term debt 1,514 3,044 (Decrease) in short-term debt (1,510) (3,300) Cash flows from debt, net 306 365 Interest paid (72) (53) Purchase and sale of derivative financial instruments, net (26) (19) Lease payments (57) (52) Transactions of non-controlling interest (6) (7) Others, net (5) (9) Cash flows from financial liabilities 140 225 Distribution to the shareholders paid (589) (571) Purchase and sale of own equity instruments, net (69) (56) Cash flows from (for) financing activities (518) (402) Acquisition of property, plant and equipment (186) (188) Acquisition of intangible assets (70) (39) Acquisition of subsidiary, net of cash acquired (401) (629) Proceeds from the disposal of property, plant and equipment 9 8 Proceeds from sales of intangible assets 2 Interest received 8 3 Dividends received from jointly controlled entities 1 1 Purchase and sale of financial assets at fair value through income statement, net (92) (3) Impact of financial transactions on investing, net (27) 25 Others, net (149) 1 Cash flows from (for) investing activities (907) (819) Net increase (decrease) in cash and cash equivalents (137) (32) Net effect of currency translation on cash and cash equivalents (1) (9) Cash and cash equivalents at the beginning of the period 411 452 Cash and cash equivalents at the end of the period 273 411 a) After careful consideration with the Group auditors, the Group has determined that purchase and sale of own equity instruments relates to financing activities and has b een reclassified from cash flows from (for) operating activities into cash flows from (for) financing activities. READ MORE The full Financial Report can be found in our 2021 Governance, Compensation and Financial Report ▸ pages 40–125 ▸ Ta ble continued from page 140 Givaudan – 2021 Integrated Annual Report Consolidated statements Co nsolidated financial statements 141