Cash flow statement

EUR '000 1.1.-31.12.2015 1.1.-31.12.2014



Operating activities
Profit / loss for the period 8,539 2,245
Adjustments to net profit:
Non-cash items
    Depreciation and impairment 7,302 6,722
    Finance income and cost 3,191 2,352
    Income from associates 414 3,305
    Income taxes -1,236 -12
    Share-based payments 103 154
    Proceeds from non-current assets -563 -3,029
Working capital changes:
    Change in trade receivables and other receivables -5,525 2,732
    Change in inventories 12,234 -13,298
    Change in trade payables and other debt -9,148 7,140
Change in provisions -145 -1,113
Interests paid -1,796 -1,240
Interests received 369 782
Other financing items -218 -47
Income taxes paid -1,163 -478
Discontinued operations 177 -1,087
Net cash from operating activities 12,535 5,129



Investing activities
Acquisitions of subsidiaries, net of cash acquired -201 0
Capital expenditure on non-current assets, net -7,317 -14,347
Other investments, net -239 1,785
Disposals of subsidiaries, net of cash sold 212 -2
Disposals of associated companies 109 0
Repayments of loan receivables and loans given, net 3,517 2,351
Net cash used in investing activities -3,919 -10,213



Financing activities
Capital redemption -5,106 -4,884
Dividends paid to non-controlling interests 8,728 11,365
Repayments of borrowings -5,649 -1,801
Repayments of finance leases -71 -89
Net cash used in financing activities -2,098 4,590
Change in cash and cash equivalents 6,518 -494
Cash at beginning of period 13,332 13,769
Exchange rate differences -206 57
Cash at end of period 19,644 13,332
Change in the statement of financial position 6,518 -494