Consolidated Cash Flow Statement (IFRS)

€ 000

1/1/–31/12/2011

1/1/–31/12/2010

 

 

 

Cash flow from operations:

 

 

Net profit

-22,452

11,474

Adjustments to net profit

34,780

9,409

Change in working capital

2,791

-5,828

Interest paid

-781

-703

Interest income

35

21

Taxes paid

-5,532

-3,306

Net cash flow from operations

8,842

11,066

 

 

 

Cash flow from investments:

 

 

Purchases of tangible and intangible assets

-2,733

-1,965

Cash flow from investments

-2 733

-1,965

 

 

 

Cash flow from financing:

 

 

Proceeds from share issue

-

79

Acquisition of own shares

-

-

Repayment of current loans

-19,044

-6,082

Repayments of non-current loans

-

-1,000

Withdrawals of current loans

3,500

-

Withdrawals of non-current loans

13,500

-

Dividends paid and other profit distribution

-5,577

-2,885

Cash flow from financing

-7,621

-9,887

 

 

 

Change in liquid assets

-1,512

-786

 

 

 

Liquid assets at beginning of period

9,682

10,469

Change in liquid assets

-1,512

-786

Liquid assets at end of period

8,170

9,682