CONSOLIDATED STATEMENT OF CASH FLOWS





1 000 € Note 2019 2018
Cash flows from operating activities


Profit for the year
32 902 -29 749
Adjustments to the profit for the year 6 8 939 81 388
Change in net working capital 6 8 348 -7 063
Interest paid and other financial expenses
-13 904 -12 654
Interest received
3 128 2 667
Income tax paid
-2 -10
Net cash generated from operating activities
39 411 34 579




Cash flows from investing activities


Proceeds from sales of shares in participating interests 20 0 2
Purchases of intangible assets and property, plant and equipment (PPE) 17,18 -4 158 -5 538
Proceeds from sales of intangible assets and PPE 17,18 2 203 2 315
Proceeds from sales of other financial assets 17,18 0 132
Equity refunds received
0 3 310
Loans granted 21,28 0 -60 232
Dividends received
0 18
Net cash used in investing activities
-1 955 -59 993




Cash flows from financing activities


Equity refunds paid 25,26 -14 000 0
Proceeds from borrowings 25,28 149 424 125 000
Repayments of borrowings 25,28 -161 226 -44 854
Principal elements of lease payments (2018 Principal elements of finance lease payments) 25,28 -12 728 -13 791
Proceeds (+) or repayments (-) of current liabilities 25,28 3 843 -24 889
Dividends paid
0 -311
Net cash used in financing activities
-34 687 41 155




Net (decrease)/increase in cash and cash equivalents
2 769 15 741




Cash and cash equivalents at the beginning of year
59 598 43 857
Change in cash and cash equivalents
2 769 15 741
Cash and cash equivalents at the end of year 23 62 367 59 598








Cash flow from discontinued operations is disclosed in note 25.