274 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Cash Flow Statement for Group and Segments Group Automotive Financial Services (unaudited supplementary information) (unaudited supplementary information) in € million 2024 2023 2024 2023 2024 2023 Payments out of equity – 22 – 20 – 22 – 20 – – Treasury shares acquired – 1,002 – 1,222 – 1,002 – 1,222 – – Payment of dividends to shareholders of BMW AG – 3,781 – 5,430 – 3,781 – 5,430 – – Payment of dividends to non-controlling interests – 1,013 – 1,485 – 1,013 – 1,485 – – Intragroup financing and equity transactions – – 2,001 2,076 5,148 – 2,961 Interest paid* – 196 – 186 – 1,207 – 1,031 – 18 – 9 Proceeds from issue of non-current financial liabilities 30,025 20,633 10 34 11,752 11,614 Repayment of non-current financial liabilities – 22,182 – 22,430 – 528 – 515 – 10,466 – 10,790 Change in other financial liabilities 3,937 3,281 1,125 247 2,122 1,396 Cash inflow/outflow from financing activities 5,766 – 6,859 – 4,417 – 7,346 8,538 – 750 Effect of exchange rate on cash and cash equivalents – 3 – 705 – 11 – 502 – 57 – 184 Effect of changes in composition of Group on cash and cash equivalents – 27 – 27 – – Change in cash and cash equivalents 1,960 457 1,263 481 13 – 440 Cash and cash equivalents as at 1 January 17,327 16,870 13,590 13,109 3,090 3,530 Cash and cash equivalents as at 31 December 19,287 17,327 14,853 13,590 3,103 3,090 * With the exception of interest for lease liabilities, interest relating to financial services business is classified as revenues/cost of sales. The reconciliation of liabilities from financing activities is presented in ↗ note [36] to the Group Financial Statements. CASH FLOW STATEMENT FOR GROUP AND SEGMENTS