Key Financials
Cash flow statement
(Eur /,000) | 31 December 2019 | 31 December 2018 | |
A) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD | 18,043 | 24,006 | |
B) CASH FLOW GENERATED BY (USED IN) OPERATIONS IN THE PERIOD: | |||
Net profit (loss) for the period | 7,042 | 8,151 | |
Depreciation/amortisation | 9,355 | 6,315 | |
Provisions (Releases) | 1,770 | 2,732 | |
Capital (gains) losses on the sale of non-current assets | (350) | 8 | |
Impairment of assets held for sale | - | 1,214 | |
Net result from financial operations | 345 | 556 | |
Taxes | 1,963 | 2,293 | |
Change in provisions for risks and future liabilities | (1,012) | (1,097) | |
Change in other assets and liabilities | (5,004) | 1,191 | |
Change in deferred taxes | 1,039 | 1,529 | |
Change in trade receivables | 2,017 | (651) | |
of which related parties: | - | 55 | |
Change in inventories | (2,186) | (4,956) | |
Change in trade payables | 3,066 | 1,707 | |
of which related parties: | (193) | 223 | |
TOTAL | 18,045 | 18,992 | |
C) CASH FLOW GENERATED BY (USED IN) INVESTMENT ACTIVITIES | |||
Investments in: | |||
- Property, plant & equipment and intangible assets | (15,644) | (9,411) | |
of which related parties: | (470) | (919) | |
- Acquisitions net of acquired cash | (231) | - | |
- Financial receivables | (8) | 6 | |
Disposal of non-current assets | 1,487 | 52 | |
TOTAL | (14,396) | (9,353) | |
D) FREE CASH FLOW (B+C) | 3,649 | 9,639 | |
E) CASH FLOW GENERATED BY (USED IN) FINANCING ACTIVITIES | |||
New financial payables | 21,785 | 5,000 | |
Repayment of financial payables | (9,781) | (9,462) | |
Increase (decrease) in current financial payables | (425) | (1,789) | |
Outgoing cash flow due to IFRS 16 | (1,190) | - | |
Taxes paid | (2,183) | (3,744) | |
Interest paid | (756) | (1,491) | |
Interest received | 93 | 691 | |
Sale (purchase) of own shares | - | (156) | |
Change in shareholders’ equity reserves | - | 487 | |
Dividends paid | (4,599) | (5,040) | |
TOTAL | 2,944 | (15,504) | |
F) CASH FLOW FROM CONTINUING OPERATIONS (D+E) | 6,593 | (5,865) | |
G) Exchange rate translation differences on cash at hand | (209) | (98) | |
H) NET CHANGE IN CASH AT HAND (F+G) | 6,384 | (5,963) | |
I) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (A+H) | 24,427 | 18,043 |