Consolidated Cash Flow Statement 2020

   

€ thousands

 

Note

2020

2019

Operating result

 

17,892

17,317

Adjusted for:

   

Amortisation, depreciation and impairment

4, 5

11,755

13,558

Other value adjustments

 

114

-

Changes in provisions

6, 12

(3,066)

(2,077)

Changes in working capital

 

28,179

(6,288)

Cash flow from business operations

 

54,874

22,510

Interest received

 

500

742

Dividends received

6

287

632

Interest paid

 

(755)

(1,098)

Income tax paid

 

(1,038)

(6,389)

Cash flow from operating activities

 

53,868

16,397

Investments in:

   

Intangible fixed assets

4

(2,647)

(1,535)

Tangible fixed assets

5

(5,078)

(4,565)

Financial fixed assets

6

(61)

(631)

Acquisition of group companies

3

(8,107)

(7,745)

Disposals of assets:

   

Intangible fixed assets

4

59

5

Tangible fixed assets

5

284

63

Financial fixed assets

6

26

2

Cash flow from investing activities

 

(15,524)

(14,406)

Purchase / sale of own shares

10

(2,445)

1,555

Repayment of borrowings

13

(178)

(508)

Proceeds from borrowings

14

150

-

Dividends paid to shareholders of the company

10

(345)

(433)

Dividends paid to holders of minority interests

11

(2)

-

Cash flow from financing activities

 

(2,820)

614

Net cash flow

 

35,524

2,605

Exchange gains/losses

 

(3,205)

1,343

Changes in cash and cash equivalents

 

32,319

3,948

Cash and cash equivalents at January 1

 

127,765

123,817

Movements during the year

 

32,319

3,948

Cash and cash equivalents at December 31

 

160,084

127,765