Statement of cash flows

Cash flow from operating activities

Net result

4,264

3,175

Adjustments for:

Depreciations

1,217

848

Result from participations

(1,684)

(1,882)

Interest income and expenses

131

95

Movements in working capital and provisions:

Movement in deferred tax assets

-

776

Movement in receivables

2,471

(2,686)

Movement in provisions

332

185

Movement in current liabilities

(945)

4,654

5,786

5,165

Interest paid

(131)

(95)

Cash flow from operating activities

5,655

5,070

Cash flow from investment activities

Investments in tangible fixed assets

(3,410)

(1,917)

Investments in intangible fixed assets

(6)

(1,079)

Investments in participations

(102)

-

Dividends received

373

344

Cash flow from investment activities

(3,145)

(2,652)

Cash flow from financing activities

Dividends paid

(3,000)

(4,000)

Cash flow from financing activities

(3,000)

(4,000)

Net cash flow

(490)

(1,582)

Cash and cash equivalents as at 1 January

26,341

27,923

Increase/(decrease) in cash and cash equivalents

(490)

(1,582)