Consolidated Cash Flow Statement for the year 2024

Note

2024

2023

Operating result

50,825

31,581

Adjusted for:

Amortisation, depreciation and impairment

4, 5

13,829

16,096

Other value adjustments

(1,450)

2,768

Changes in provisions

6, 12

(275)

(1,225)

Work in progress

7, 14

(2,242)

(8,968)

Receivables

8

(9,137)

3,416

Current liabilities

14

28,844

13,866

Changes in working capital

17,465

8,314

Cash flow from business operations

80,394

57,534

Interest received

5,328

5,007

Dividends received

6

993

505

Interest paid

(1,088)

(1,562)

Income tax paid

(11,789)

(5,563)

Cash flow (used in) / from operating activities

73,838

55,921

Investments in:

Intangible fixed assets

4

(3,549)

(4,995)

Tangible fixed assets

5

(29,560)

(15,055)

Financial fixed assets

6

(68)

(1,457)

Acquisition of group companies, net of cash acquired

3

(25,264)

(2,840)

Disposals of assets:

Intangible fixed assets

4

4

51

Tangible fixed assets

5

122

45

Financial fixed assets

6

67

264

Proceeds from sale of interests in group companies, net of cash disposed

105

1,911

Cash flow (used in) / from investing activities

(58,143)

(22,076)