Consolidated cash flow statement 2023

Cash flow from operating activities:

Operating result

4,387

12,513

Adjustments for:

- Depreciation and other value adjustments

28,784

27,388

- Changes in provisions

-2,174

4,006

- Changes in working capital:

. Changes in short-term receivables

-15,478

-41,726

. Changes in inventory

771

-957

. Changes short-term liabilities excluding credit institutions

14,067

6,371

-640

-36,312

Cash flow from company operations

30,357

7,595

Received interest

1,131

427

Received dividends

3,805

3,838

Tax paid on profits

-5,849

-10,220

-913

-5,955

Cash flow from operating activities

29,444

1,640

Cash flow from investment activities

Investments in (in)tangible fixed assets

-26,068

-25,184

Disinvestments in (in)tangible fixed assets

3,044

8,644

Investments in consolidated companies

-5,140

-46,076

Disinvestments in consolidated companies

11,633

0

Investments/disinvestments in non-consolidated companies

-108

6

Long-term loans granted

-1,417

-2

Repayments received on long-term receivables

280

457

Cash flow from investment activities

-17,776

-62,155

11,668

-60,515

Cash flow from financing activities

Income from long-term debts

505

179

Repayments on long-term debts

-885

-30,273

Dividends paid

-2,700

-8,768

Paid interest

-2,217

-2,955

Credit institutions movements

-719

427

Cash flow from financing activities

-6,016

-41,390

Net cash flow

5,652

-101,905

Exchange rate and conversion differences

2,194

1,709

Funds movements

7,846

-100,196

Balance of funds at the beginning of the year

74,621

174,817