Consolidated Cash Flow Statement for the year 2023

Note

2023

2022

Operating result

31,581

19,951

Adjusted for:

Amortisation, depreciation and impairment

4, 5

16,096

13,647

Other value adjustments

2,768

(5)

Changes in provisions

6, 12

(1,225)

3,304

Work in progress

7, 14

(8,968)

(9,592)

Receivables

8

3,416

(24,076)

Current liabilities

14

13,866

3,199

Changes in working capital

8,314

(30,469)

Cash flows from business operations

57,534

6,428

Interest received

5,007

606

Dividends received

6

505

909

Interest paid

(1,562)

(818)

Income tax paid

(5,563)

(5,106)

Cash flow from operating activities

55,921

2,019

Investments in:

Intangible fixed assets

4

(4,995)

(6,013)

Tangible fixed assets

5

(15,055)

(15,228)

Financial fixed assets

6

(1,457)

(405)

Acquisition of group companies

3

(2,840)

(9,338)

Disposals of assets:

Intangible fixed assets

4

51

266

Tangible fixed assets

5

45

244

Financial fixed assets

6

264

8

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

1,911

-

Cash flow used in investing activities

(22,076)

(30,466)

Sale or (Purchase) of own shares

10

2,706

2,068

Repayment of borrowings

13

(236)

-

Proceeds from borrowings

14

-

216

Dividends paid to shareholders of the company

10

(636)

(596)

Dividends paid to holders of minority interests

11

44

(5)

Cash flow from financing activities

1,878

1,683

Net cash flow

35,723

(26,764)

Exchange rate and translation differences

(1,856)

(842)

Changes in cash and cash equivalents

33,867

(27,606)

Cash and cash equivalents at January 1

146,669

174,275

Movements during the year

33,867

(27,606)

Cash and cash equivalents at December 31

180,536

146,669