SABAF - ANNUAL REPORT 2012
Statutory Annual Report & accounts at 31 december 2012
Cash flow statement FY 2012
FY 2011
Cash and cash equivalents at beginning of year
9,180
5,026
Net profit for period
2,236
11,122
10,389
10,221
• Realised gains/losses
(375)
(38)
• Write-downs (write-backs) of non-current assets
2,051
1,484
787
863
• Income tax
1,472
4,246
Change in staff severance fund
(202)
(206)
Change in general provisions
(68)
(53)
in thousands of euro
Adjustments for: • Depreciation and amortisation
• Net financial income and expenses
Change in trade receivables
4,198
613
Change in inventories
3,653
(1,008)
Change in trade payables
(7,849)
3,899
2
3,504
Change in net working capital Change in other receivables and payables, deferred tax liabilities
(2,052)
361
Payment of taxes
(2,322)
(9,501)
Payment of financial expenses
(733)
(825)
Collection of financial income
41
57
Cash flow from operations
11,226
21,235
• intangible
(1,030)
(797)
• tangible
(5,808)
(7,263)
• financial
(9,152)
(2,219)
Investments in non-current assets
Disposal of non-current assets
481
1,839
Net investments
(15,509)
(8,440)
Repayment of loans
(6,516)
(6,440)
New loans
12,102
8,545
30
(1,545)
New financial assets Acquisition own shares
(2,011)
0
Payment of dividends
(6,901)
(9,201)
Cash flow from operations
(3,296)
(8,641)
Total financial flows
(7,579)
4,154
Cash and cash equivalents at end of year
1,601
9,180
Current net financial debt
21,557
12,416
Non-current financial debt
317
3,873
20,273
7,109
Net financial debt (Note 21)
143