Annual Report 2018

CONSOLIDATED STATEMENT OF CASH FLOWS

       
1 000 € Note 2018 2017
Cash flows from operating activities      
Profit for the year   -32 360 2 667
Adjustments to the profit for the year 6 83 058 42 563
Change in net working capital 6 -8 949 -447
Interest paid and other financial expenses   -12 651 -14 768
Interest received   2 584 2 278
Income tax paid   -4 36
Net cash generated from operating activities   31 678 32 329
       
Cash flows from investing activities      
Proceeds from sales of shares in participating interests 19 2 0
Purchases of intangible assets and property, plant and equipment (PPE) 17,18 -5 538 -6 458
Proceeds from sales of intangible assets and PPE 17,18 265 6 738
Proceeds from sales of available-for-sale financial assets 17,18 15 0
Proceeds from sale of subsidiaries 5 0 16 685
Equity refunds received   3 310 0
Loan repayments 21 0 2 264
Loans granted 21 -60 232 -60 231
Dividends received   7 8
Net cash used in investing activities   -62 171 -40 994
       
Cash flows from financing activities      
Proceeds from issuance of ordinary shares 25 0 49 305
Acquisition of own shares 24,25 0 -296
Proceeds from borrowings 28,24 125 000 510 000
Repayments of borrowings 28,24 -44 854 -538 493
Repayment of finance leases 28,24 -13 791 -13 649
Proceeds (+) or repayments (-) of current liabilities 21,22 -24 889 -27
Dividends paid   -311 -15 304
Net cash used in financing activities   41 155 -8 464
       
Net (decrease)/increase in cash and cash equivalents   10 662 -17 129
       
Cash and cash equivalents at beginning of
year
  33 885 52 866
Change in cash and cash equivalents   10 662 -17 129
Cash and cash equivalents of subsidiaries sold   0 -1 852
Cash and cash equivalents at end of year, continuing operations   44 547 33 885
       
Cash and cash equivalents, discontinued operations   15 051 9 972
       
Cash and cash equivalents at end of year 22 59 598 43 857