SABAF S.P.A. ANNUAL REPORT 2013 - CHAPTER 7

Page 6

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)


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