Statement of cash flows

Cash flow from operating activities

Net result

3,175

4,660

Adjustments for:

Depreciations

848

955

Result from participations

(1,882)

(1,556)

Interest income and expenses

95

96

Movements in working capital and provisions:

Movement in deferred tax assets

776

1,251

Movement in receivables

(2,686)

31

Movement in provisions

185

303

Movement in current liabilities

4,654

1,435

5,165

7,175

Interest paid

(95)

(96)

Cash flow from operating activities

5,070

7,079

Cash flow from investment activities

Investments in tangible fixed assets

(1,917)

(378)

Investments in intangible fixed assets

(1,079)

(328)

Dividends received

344

347

Cash flow from investment activities

(2,652)

(359)

Cash flow from financing activities

Dividends paid

(4,000)

-

Cash flow from financing activities

(4,000)

-

Net cash flow

(1,582)

6,720

Cash and cash equivalents as at 1 January

27,923

21,203

Increase/(decrease) in cash and cash equivalents

(1,582)

6,720