Consolidated Cash Flow Statement 2019

Note

2019

2018

Operating result

17,317

18,010

Adjusted for:

Amortisation, depreciation and impairment

4, 5

13,558

10,417

Other value adjustments

-

-694

Changes in provisions

6, 12

-1,812

-760

Changes in working capital

-6,553

4,318

Cash flow from business operations

22,510

31,291

Interest received

742

429

Dividends received

6

632

292

Interest paid

-1,098

-796

Income tax paid

-6,389

-5,623

Cash flow from operating activities

16,397

25,593

Investments in:

Intangible fixed assets

4

-1,535

-2,535

Tangible fixed assets

5

-4,565

-3,086

Financial fixed assets

6

-631

-710

Acquisition of group companies

3

-7,745

-2,083

Disposals of assets:

Intangible fixed assets

4

5

22

Tangible fixed assets

5

63

124

Financial fixed assets

6

2

119

Cash flow from investing activities

-14,406

-8,149

Purchase / sale of own shares

10

1,555

2,025

Repayment of borrowings

13

-508

-227

Proceeds from borrowings

13

-

298

Dividends paid to shareholders of the company

10

-433

-352

Dividends paid to holders of minority interests

11

-

-2

Cash flow from financing activities

614

1,742

Net cash flow

2,605

19,186

Exchange gains/losses

1,343

-588

Changes in cash and cash equivalents

3,948

18,598

Cash and cash equivalents at January 1

123,817

105,219

Movements during the year

3,948

18,598