Notes to Cash-Flow Statement
Indirect Cash-Flow Statement (in Euro)
31/12/2015
31/12/2014
A) Cash flows deriving from operating activities (indirect method) Net profit (loss) for the fiscal year
419.312
(5.796)
Income taxes
220.195
0
329
-
(259.659)
-
380.177
(5.796)
Provisions
39.033
-
Fixed assets depreciation
91.666
-
130.699
-
510.876
(5.796)
(10.070)
-
(405.841)
-
Increase / (Decrease) of amounts payable to suppliers
506.132
31.304
Decrease/(Increase) of prepayments and accrued income
(16.692)
(9.849)
(53)
53
(268.765)
(11.579)
(195.289)
9.929
Interest expenses / (income) (Capital gains) / Losses deriving from business transfer 1) Net profit (loss) for the fiscal year before income taxes, interest, dividends and transfer capital gains/losses Adjustments for non-cash items that had no contra entry in the net working capital
adjustments for non-cash items that had no contra entry in the net working capital TOTAL 2) Cash flow before net working capital variations Net working capital variations Decrease / (Increase) of inventory Decrease / (Increase) of trade receivables
Increase / (Decrease) of accrued expenses Other decreases / (Other increases) of net working capital net working capital variations TOTAL
Notes to Cash-Flow Statement
p. 93