Consolidated statement of cash flows

in thousand EUR	Notes	2018	2017
Net cash flow from operating activities
Profit/(loss) for the period		–1 717	1 643
Income taxes (income)/expenses	29	661	131
Interest income	23	–0	–0
Interest expenses	23	2 185	2 162
Dividend income	9 / 23	–175	–309
Profit/(loss) for the period before interest and tax		954	3 627
Depreciation and amortization	20	3 435	4 699
Reversal of impairment of non-current assets	20	–19	–18
(Profit)/loss on sale of non-current assets and liabilities	22	–24	–8
Share of profits/(losses) of associates	9	–270	–151
Changes in provisions		356	–555
Allowances on inventories		260	99
Other non-cash items		476	–770
Operating cash flow before working capital changes		5 167	6 923
Decrease/(increase) in trade and other receivables		–1 021	–1 814
Decrease/(increase) in inventories	4	–978	–3 153
Decrease/(increase) in prepayments		–196	211
Increase/(decrease) in trade payables and other liabilities		796	1 203
Income tax (paid)/received		–460	–19
Net cash flow operating activities		3 307	3 351

Cash flow from investing activities
Purchase of intangible assets	8	–5	–30
Proceeds from sale of property, plant and equipment		25	34
Purchase of property, plant and equipment	6	–3 935	–2 752
Proceeds from disposal of subsidiaries, net of cash disposed		–	210
Proceeds from disposal of financial assets		314	12
Purchase of financial assets		–116	–27
Dividends received		175	309
Interests received		0	0
Net cash flow investing activities		–3 542	–2 244

Cash flow from financing activities
Proceeds from borrowings		4 676	4 485
Repayment of borrowings		–2 677	–3 486
Repayment of convertible loans		–	–18
Interests paid		–1 121	–1 204
Net cash flow financing activities		878	–223

Increase/(decrease) in cash and cash equivalents		642	884
Translation effect on cash		20	–118
Cash and cash equivalents, at the beginning of the year		2 136	1 370
Total Cash and cash equivalents, at the end of the year		2 798	2 136