Annual Report 2015

Consolidated Cash Flow Statement

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  Note 2015 2014
  € '000 € '000
Cash flow from operating activities (28)
Net profit for the period 6,215 4,413
Adjustments for:
Depreciation and amortisation 3,235 3,043
Share-based payment transactions (10) 247 213
Income tax expenses (26) 2,476 1,850
Gain (-) / loss (+) on the disposal of property, plant and equipment (23, 24) -26 1
Foreign exchange losses (+) / gains (-) -455 110
Net finance costs (25) 261 567
Cash flow from operating activities before working capital changes 11,953 10,197
Change in:
Inventories -2,147 -1,070
Receivables and other current assets 1,808 -2,752
Liabilities and prepayments 1,077 319
Provisions 98 1,046
Cash from operating activities 12,789 7,740
Interest received 39 95
Interest paid -438 -654
Income taxes paid / income tax rebates -2,162 -57
Net cash from operating activities 10,228 7,124
Cash flow from investing activities (29)
Cash payments for investments in property, plant and equipment and in intangible assets -1,684 -1,436
Cash payments for the acquisition of consolidated companies -49 -931
Proceeds from the sale of property, plant and equipment 47 64
Net cash used for investing activities -1,686 -2,303
Cash flow from financing activities (30)
Cash receipts from the raising of short-term and long-term loans 0 500
Cash payments from the repayment of loans -3,597 -3,797
Distribution to investors -2,151 -1,299
Payment for the acquisition of non-controlling interests -345 0
Net cash used in financing activities -6,093 -4,596
Net increase/decrease in cash and cash equivalents 2,449 225
Cash and cash equivalents at start of period 17,238 16,723
Consolidation-related changes in cash and cash equivalents -23 0
Net effect of currency translation in cash and cash equivalents 314 290
Cash and cash equivalents at end of period (9, 31) 19,978 17,238