Consolidated Cash Flow Statement for the year 2022

Note

2022

2021

Operating result

19,951

21,443

Adjusted for:

Amortisation, depreciation and impairment

4, 5

13,647

14,611

Other value adjustments

(5)

(20)

Changes in provisions

6, 12

3,304

(880)

Work in progress

7, 14

(9,592)

5,540

Receivables

8

(24,076)

(4,898)

Current liabilities

14

3,199

(2,751)

Changes in working capital

(30,469)

(2,109)

Cash flows from business operations

6,428

33,045

Interest received

606

343

Dividends received

6

909

1,670

Interest paid

(818)

(828)

Income tax paid

(5,106)

(11,219)

Cash flow from operating activities

2,019

23,011

Investments in:

Intangible fixed assets

4

(6,013)

(3,613)

Tangible fixed assets

5

(15,228)

(5,375)

Financial fixed assets

6

(405)

(273)

Acquisition of group companies

3

(9,338)

(3,991)

Disposals of assets:

Intangible fixed assets

4

266

-

Tangible fixed assets

5

244

80

Financial fixed assets

6

8

3

Cash flow used in investing activities

(30,466)

(13,169)

Sale or (Purchase) of own shares

10

2,068

2,653

Repayment of borrowings

13

-

(101)

Proceeds from borrowings

14

216

-

Dividends paid to shareholders of the company

10

(596)

(409)

Dividends paid to holders of minority interests

11

(5)

(12)

Cash flow from financing activities

1,683

2,131

Net cash flow

(26,764)

11,973

Exchange rate and translation differences

(842)

2,218

Changes in cash and cash equivalents

(27,606)

14,191

Cash and cash equivalents at January 1

174,275

160,084

Movements during the year

(27,606)

14,191

Cash and cash equivalents at December 31

146,669

174,275