Consolidated cash flow statement 2022

Cash flow from operating activities:

Operating result

12,513

34,308

Adjustments for:

- Depreciation and other value adjustments

27,388

20,817

- Changes in provisions

4,006

3,260

- Changes in working capital:

. Changes in short-term receivables

-41,726

-7,294

. Changes in inventory

-957

1,475

. Changes short-term liabilities excluding credit institutions

6,371

46,059

-36,312

40,240

Cash flow from company operations

7,595

98,625

Received interest

427

322

Received dividends

3,838

3,095

Tax paid on profits

-10,220

-8,118

-5,955

-4,701

Cash flow from operating activities

1,640

93,924

Cash flow from investment activities

Investments in (in)tangible fixed assets

-25,184

-22,197

Disinvestments in (in)tangible fixed assets

8,644

1,007

Investments in consolidated companies

-46,076

-3,057

Disinvestments in consolidated companies

0

3,563

Investments/disinvestments in non-consolidated companies

6

5,197

Long-term loans granted

-2

-553

Repayments received for long-term receivables

457

313

Cash flow from investment activities

-62,155

-15,727

-60,515

78,197

Cash flow from financing activities

Income from capital increases

0

81,277

Income from long-term debts

179

0

Repayments on long-term debts

-30,273

-110,804

Dividends paid

-8,768

-8,374

Paid interest

-2,955

-1,456

Credit institutions movements

427

-463

Cash flow from financing activities

-41,390

-39,820

Net cash flow

-101,905

38,377

Exchange rate and conversion differences

1,709

1,084

Funds movements

-100,196

39,461

Balance of funds at beginning of year under review

174,817

135,356