Parent Company Cash Flow Statement (FAS)
1.1.-31.12.2012 1.1.-31.12.2011
Cash flow from operations
Profit before extraordinary items 1,420,229 5,004,223
Finance income and costs -5,585,219 -9,942,387
Adjustments to operating profit/loss 1,799,309 588,073
Change in net working capital
Change in current non-interest-bearing receivables -2,028,567 933,524
Change in current trade payables and other non-interest-bearing liabilities -1,567,053 -5,551,986
Interest paid -4,968,031 -4,790,962
Interest received 1,424,609 727,346
Dividends received 8,699,828 12,535,397
Taxes paid -183,333 -1,480,765
Cash flow from operations -988,228 -1,977,537
Cash flow from investments
Investments in tangible and
Intangible assets
-237,092 -124,886
Proceed from sale of tangible assets 704,250 0
Investments in other placements -1,333,884 -2,801,781
Long-term loan receivables granted -1,591,876 -4,367,587
Repayment of long-term loans 1,549,149 8,681,441
Proceed from sale of other investments 2,054,535 0
Cash flow from investments 1,145,082 1,387,187
Cash flow from financing activities
Long-term loan receivables granted -600,000 0
Repayment of long-term loans 2,400,000 0
Short-term loan receivables granted -5,805,000 -3,997,101
Repayment of short-term loans 4,183,000 1,015,000
Long-term loan receivables granted 40,000,000 0
Repayment of loans from financial institutions -42,196,535 -6,250,000
Dividends paid -5,897,883 -10,113,812
Other financial assets at fair value -72 -415
Group contributions received 3,775,000 2,700,000
Cash flow from financing activities -4,141,490 -16,646,328
Change in cash and cash equivalents -3,984,636 -17,236,678
Cash and cash equivalents at start of year 4,530,809 21,767,487
Cash and cash equivalents at end of year 546,173 4,530,809