Consolidated statement of cash flows

in thousand EUR	Notes	2017	2016
Net cash flow from operating activities
Profit/(loss) for the period		1 643	–2 752
Income taxes (income)/expenses	31	131	1
Interest income	25	–0	–1
Interest expenses	25	2 162	2 642
Dividend income	25	–309	–28
Profit/(loss) for the period before interest and tax		3 627	–138
Depreciation and amortization	22	4 699	5 356
Reversal of impairment of non-current assets	22	–18	–79
(Profit)/loss on sale of non-current assets and liabilities	24	–8	–9
Share of profits/(losses) of associates	9	–151	–370
Changes in provisions		–555	397
Allowances on inventories		99	484
Other non-cash items		–770	–52
Operating cash flow before working capital changes		6 923	5 589
Decrease/(increase) in trade and other receivables		–1 814	–1 680
Decrease/(increase) in inventories	4	–3 153	–1 972
Decrease/(increase) in other current assets		211	–535
Increase/(decrease) in trade payables and other liabilities		1 203	840
Income tax (paid)/received		–19	–13
Net cash flow operating activities		3 351	2 229

Cash flow from investing activities
Purchase of intangible assets	8	–30	–56
Proceeds from sale of property, plant and equipment		34	69
Purchase of property, plant and equipment	6	–2 752	–2 366
Proceeds from disposal of subsidiaries, net of cash disposed		210	–
Proceeds from disposal of financial assets		12	11
Purchase of financial assets		–27	–7
Dividends received		309	28
Interests received		0	1
Net cash flow investing activities		–2 244	–2 320

Cash flow from financing activities
Proceeds from increase of authorized share capital		–	4 128
Proceeds from borrowings		4 485	1 538
Repayment of borrowings		–3 486	–6 083
Repayment of convertible loans	15	–18	–
Interests paid		–1 204	–1 641
Net cash flow financing activities		–223	–2 058

Increase/(decrease) in cash and cash equivalents		884	–2 149
Translation effect on cash		–118	9
Cash and cash equivalents, at the beginning of the year		1 370	3 510
Total Cash and cash equivalents, at the end of the year		2 136	1 370