138
Cash flow statement in thousands of euro
FY 2013
FY 2012
Cash and cash equivalents at beginning of year
1,601
9,180
Net profit for period
3,730
2,236
9,864
10,389
(51)
(375)
• Write-downs of non-current assets
1,708
2,051
• Net financial income and expenses
604
787
• Income tax
1,987
1,472
Change in post-employment benefit reserve
(131)
(202)
20
(68)
Adjustments for: • Depreciation and amortisation • Realised gains/losses
Change in general provisions
Change in trade receivables
3,763
4,198
Change in inventories
(3,095)
3,653
Change in trade payables
(170)
(7,849)
Change in working capital
498
2
Change in other receivables and payables, deferred tax liabilities
734
(2,052)
(1,318)
(2,322)
Payment of financial expenses
(627)
(733)
Collection of financial income
83
41
Cash flow from operations
17,101
11,226
(583)
(1,030)
• tangible
(6,432)
(5,808)
• financial
(3,436)
(9,152)
Disposal of non-current assets
1,234
481
Net investments
(9,217)
(15,509)
Repayment of loans
(12,521)
(6,516)
6,144
12,102
64
30
Payment of taxes
Investments in non-current assets • intangible
New loans New financial assets Purchase/sale own shares
3,084
(2,011)
Payment of dividends
(3,911)
(6,901)
Cash flow from financing activities
(7,140)
(3,296)
744
(7,579)
Cash and cash equivalents at end of year (Note 10)
2,345
1,601
Current net financial debt
15,497
21,557
Non-current financial debt
0
317
13,152
20,273
Total financial flows
Net financial debt (Note 21)