Consolidated cash flow statement 2025

Cash flow from operating activities:

Operating result

12,824

13,270

Adjustments for:

- Depreciation and other value adjustments

27,997

29,094

- Changes in provisions

295

568

- Changes in working capital:

. Changes in short-term receivables

-9,011

9,811

. Changes in inventory

-768

-353

. Changes short-term liabilities excluding credit institutions

23,762

-1,903

13,983

7,555

Cash flow from company operations

55,099

50,487

Received interest

1,776

1,714

Received dividends

3,551

3,785

Tax paid on profits

-5,331

-8,869

-4

-3,370

Cash flow from operating activities

55,095

47,117

Cash flow from investment activities

Investments in (in)tangible fixed assets

-17,670

-21,412

Divestments of (in)tangible fixed assets

1,313

4,871

Investments in consolidated companies

-7,360

-8,426

Divestments of consolidated companies

21,536

5

Investments/divestments in non-consolidated companies

-2,044

-1,469

Long-term loans granted

-1,450

-76

Repayments received on long-term receivables

1,340

1,060

Cash flow from investment activities

-4,335

-25,447

50,760

21,670

Cash flow from financing activities

Proceeds from long-term debts

0

962

Repayments on long-term debts

-1,165

-677

Dividends paid

-15,829

-3,730

Paid interest

-2,429

-2,872

Proceeds from/payments on credit institutions

-775

-1,657

Cash flow from financing activities

-20,198

-7,974

Net cash flow

30,562

13,696

Exchange rate and conversion differences

424

-360

Funds movements

30,986

13,336

Balance of funds at the beginning of the year

95,803

82,467