Group Cash Flow Statement (IFRS)
€ ('000) Note 1.1.-31.12.2012 1.1.-31.12.2011
Cash flow from operations
Profit for the financial year 2,708 11,087
Adjustments:
Unpaid income and expenses -240 -10,350
Change in working capital:
Change in current non-interest-bearing receivables -4,653 1,237
Change in current trade payables and other non-interest-bearing liabilities -2,222 -2,379
Interest paid -4,978 -4,773
Interest received 65 256
Dividends received 211 195
Taxes paid 351 -3,466
Cash flow from operations -8,758 -8,193
Cash flow from investing activities
Investments in tangible and intangible assets -379 -135
Investments at fair value through profit and loss -2,889 7,592
Proceeds from sale of other investments 704 0
Long-term loan receivables granted -1,592 -2,727
Receivables from long-term receivables 1,549 8,681
Other financial assets at fair value 13 602
Proceeds from sale of non-current assets 2,055 0
Interest received 1,401 594
Cash flow from investing activities 862 14,607
Cash flow from financing activities
Loan repayments received from other 729 0
Proceeds from borrowings 40,000 10
Repayment of long-term loan -42,197 -6,250
Dividends paid -5,898 -10,336
Acquisition of non-controlling interests 0 -2,000
Cash flow from financing activities -7,366 -18,576
Change in cash and cash equivalents -15,262 -12,162
Cash and cash equivalents at start of year 21,887 34,049
Cash and cash equivalents at end of year 21 6,625 21,887
The Notes are an integral part of the Financial Statements.