Statement of cash flows

Cash flow from operating activities

Net result

2,595

4,422

Adjustments for:

Depreciations

526

654

Result from participations

(1,589)

(841)

Interest income and expenses

49

-

Movements in working capital and provisions:

Movement in deferred tax assets

969

1,474

Movement in receivables

683

722

Movement in provisions

415

-

Movement in current liabilities

3,569

4

7,217

6,435

Interest paid

(49)

-

Cash flow from operating activities

7,168

6,435

Cash flow from investment activities

Investments in tangible fixed assets

(152)

(15)

Investments in intangible fixed assets

(247)

(351)

Dividends received

380

385

Cash flow from investment activities

(19)

19

Cash flow from financing activities

Dividends paid

(2,700)

(2,186)

Cash flow from financing activities

(2,700)

(2,186)

Net cash flow

4,449

4,268

Cash and cash equivalents as at 1 January

16,754

12,486

Increase/(decrease) in cash and cash equivalents

4,449

4,268