SABAF - ANNUAL REPORT 2016
CHAPTER 7 - SEPARATE FINANCIAL STATEMENTS AT 31 DECEMBER 2016
Cash flow Statement IN THOUSANDS OF EURO
2016
2015
Cash and cash equivalents at beginning of year
1,090
1,366
Profit for the year
2,460
5,642
9,021
8,736
(87)
(158)
Adjustments for: • Depreciation and amortisation • Realised gains • Write-downs/write-backs of non-current assets
521
(1,303)
• Net financial income and expenses
428
427
• Non-monetary foreign exchange differences
(60)
281
• Income tax
1,133
2,517
Change in post-employment benefit reserve
(131)
(149)
(3)
(189)
Change in risk provisions
Change in trade receivables
5,405
1,825
Change in inventories
1,182
402
Change in trade payables
(2,192)
630
Change in net working capital
4,395
2,857
367
75
(2,450)
(3,814)
(474)
(465)
Change in other receivables and payables, deferred tax Payment of taxes Payment of financial expenses Collection of financial income
85
73
15,205
14,531
(735)
(646)
• tangible
(7,298)
(9,601)
• financial
(4,800)
(1,394)
CASH FLOW FROM OPERATIONS Investments in non-current assets • intangible
242
2,606
CASH FLOW ABSORBED BY INVESTMENTS
Disposal of non-current assets
(12,591)
(9,035)
Repayment of loans
(19,077)
(7,834)
Raising of loans
24,243
8,463
69
(1,069)
(1,675)
(719)
Change in financial assets Sale of treasury shares Payment of dividends
(5,467)
(4,613)
CASH FLOW ABSORBED BY FINANCING ACTIVITIES
(1,907)
(5,772)
707
(276)
Cash and cash equivalents at end of year (Note 11)
1,797
1,090
Current financial debt
14,353
21,776
Non-current financial debt
17,521
4,632
NET FINANCIAL DEBT (NOTE 22)
30,077
25,318
TOTAL FINANCIAL FLOWS
163