Annual Cash Flow Statement
Half Year Cash Flow Statement
| Cash Flow Statement | As at 31/12/18 | As at 31/12/17 | As at 31/12/16 | As at 31/12/15 | As at 31/12/14 |
|---|---|---|---|---|---|
| A. OPENING BALANCE - CASH AND CASH EQUIVALENTS | 6.218.889 | 3.848.561 | 6.354.774 | 7.524.463 | 615.038 |
| Income Management | |||||
| Profit for the year | 4.152.909 | 1.479.379 | 2.802.788 | 7.085.583 | 6.473.288 |
| adjustments for non-monetary items not recorded as items in the NWC | |||||
| Depreciation and amortisation | 6.971.079 | 4.117.639 | 3.322.959 | 2.946.318 | 4.214.009 |
| Change in provisions | 39.990 | 78.515 | 64.492 | 19.806 | 49.672 |
| Change in tax provision | (1.495.164) | (238.265) | 566.275 | 1.813.323 | |
| Change in provision for returns | 26.168 | 5.413 | (27.957) | ||
| Cash flow before changes in working capital | 9.668.813| 5.437.266 | 6.782.681 | 11.870.443 | 10.709.012 |
|
| (Increase) decrease in inventories | (32.304) | (40.882) | (33.302) | (36.684) | (42.220) |
| (Increase) decrease in trade receivables | (2.276.582) | 4.183.995 | (613.582) | (2.995.017) | (9.192.617) |
| (Increase) decrease in tax credits | (2.851.216) | 144.227 | (490.141) | 24.693 | (51.285) |
| (Increase) decrease in other current assets | (406.849) | 540.426 | 370.659 | (700.512) | 145.016 |
| Increase (decrease) in trade payables | 478.395 | 365.392 | 622.272 | (1.692.054) | 4.420.693 |
| Increase (decrease) in income tax payables | 1.606.572 | 4.096 | (164.052) | (904.834) | 2.758.030 |
| Increase (decrease) in other current liabilities | 88.102 | 105.675 | 24.112 | 53.271 | (500.000) |
| B. CASH FLOW FROM OPERATIONS | 6.274.931 | 10.741.196 | 6.498.647 | 5.619.306 | 8.246.629 |
| (Investments) Disinvestments | |||||
| - Intangible assets | (7.473.327) | (7.165.314) | (7.026.471) | (4.929.878) | (7.532.969) |
| - Tangible assets | 757 | (9.123) | (1.960) | (56.279) | (18.778) |
| - Financial assets | 2.362 | (97) | (18.778) | (2.838) | (2.330) |
| C. CASH FLOW FROM INVESTMENT ACTIVITIES | (7.470.207) | (7.174.534) | (7.025.273) | (4.988.995) | (7.554.077) |
| Financial activity | |||||
| capital transactions - tresaury shares | (415.480) | (18.765) | (180.270) | 6.516.873 | |
| Dividends paid | (1.198.069) | (1.177.569) | (1.799.318) | (1.800.000) | |
| (Increase) decrease in financial receivables and securities | |||||
| Increase (decrease) in financial payables | (300.000) | ||||
| D. CASH FLOW FROM FINANCING ACTIVITIES | (1.613.549) | (1.196.334) | (1.979.588) | (1.800.000) | 6.216.873 |
| E. NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (B+C+D) | (2.808.825) | 2.370.327 | (2.506.214) | (1.169.689) | 6.909.425 |
| F. CLOSING BALANCE - CASH AND CASH EQUIVALENTS | 3.410.064 | 6.218.889 | 3.848.561 | 6.354.774 | 7.524.463 |
| Cash Flow Statement | As at 30/06/18 | As at 30/06/17 | As at 30/06/16 | As at 30/06/15 | As at 30/06/14 |
|---|---|---|---|---|---|
| A. OPENING BALANCE - CASH AND CASH EQUIVALENTS | 6.218.889 | 3.848.561 | 6.534.774 | 7.524.462 | 615.038 |
| Income Management | |||||
| Profit for the year | 3.022.470 | 1.161.401 | 1.092.951 | 2.578.770 | 4.742.331 |
| adjustments for non-monetary items not recorded as items in the NWC | |||||
| Depreciation and amortisation | 4.549.595 | 2.199.161 | 1.984.027 | 1.839.946 | 2.104.015 |
| Change in provisions | 1.808 | 37.700 | 33.735 | (41.535) | 120.581 |
| Change in tax provision | 165.868 | ||||
| Change in provision for returns | (4.915) | ||||
| Cash flow before changes in working capital | 7.739.740 | 3.398.261 | 3.110.713 | 4.372.266 | 6.966.927 |
| (Increase) decrease in inventories | (21.646) | (34.054) | (42.565) | (57.879) | (17.898) |
| (Increase) decrease in trade receivables | (5.370.182) | 321.973 | (1.121.151) | (771.931) | (5.789.531) |
| (Increase) decrease in tax credits | (1.989.804) | 74.112 | (1.514.307) | 37.896 | (44.316) |
| (Increase) decrease in other current assets | (85.349) | ||||
| (Increase) decrease in other current assets | 150.241 | 133.632 | 526.395 | (11.412) | 203.004 |
| Increase (decrease) in trade payables | 2.155.488 | (170.377) | 2.104.877 | (2.423.112) | 3.184.059 |
| Increase (decrease) in income tax payables | 173.543 | 6.465 | (134.916) | 1.478.674 | 1.672.246 |
| Increase (decrease) in other current liabilities | 141.308 | 23.446 | 50.527 | 132.793 | (500.000) |
| B. CASH FLOW FROM OPERATIONS | 2.978.689 | 3.753.459 | 2.979.573 | 2.671.947 | 5.674.491 |
| (Investments) Disinvestments | |||||
| - Intangible assets | (2.588.428) | (3.117.118) | (2.250.063) | (2.136.639) | (3.729.686) |
| - Tangible assets | (951) | (3.916) | 6.692 | (49.672) | (9.947) |
| - Financial assets | (2.322) | (97) | 3.158 | (2.391) | |
| C. CASH FLOW FROM INVESTMENT ACTIVITIES | (2.591.701) | (3.121.131) | (2.240.213) | (2.188.700) | (3.739.633) |
| Financial activity | |||||
| capital transactions - share | (270.150) | - | (21.556) | 6.506.983 | |
| Dividends paid | (1.198.069) | (1.177.569) | (1.799.318) | (1.800.000) | |
| (Increase) decrease in financial receivables and securities | |||||
| Increase (decrease) in financial payables | (300.000) | ||||
| D. CASH FLOW FROM FINANCING ACTIVITIES | (1.468.219) | (1.177.569) | (1.820.874) | (1.800.000) | 6.206.983 |
| E. NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (B+C+D) | (1.081.231) | (545.242) | (1.081.513) | (1.316.753) | 8.141.841 |
| F. CLOSING BALANCE - CASH AND CASH EQUIVALENTS | 5.137.658 | 3.303.320 | 5.273.261 | 6.207.709 | 8.756.879 |
