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Consolidated statement of cash flows

in thousand EUR   Notes   2021   2020
Net cash flow from operating activities            
Profit/(loss) for the period       4 686   –2 181
Income taxes (income)/expenses   28    3 263   1 111
Interest income       –29   –0
Interest expenses   9    2 449   2 747
Dividend income from non-current assets   9      –119
Profit/(loss) for the period before interest and tax       10 369   1 558
Depreciation, amortization and impairment   8    4 329   3 882
(Profit)/loss on sale of non-current assets       –202   62
Gain recognized on contribution of net assets into associate   7      –1 368
Share of (profit)/loss of associates   13    723   354
Gain recognized on FV measurement on previously held interest in an associate       –110  
Disposal of financial liabilities as a result of forgiveness   19    –400  
Changes in provisions       185   186
Increase obsolence reserve on inventories   15    624   900
Change in fair value of biological assets   11    –4 074   –927
Other non-cash items       13   –87
Operating cash flow before working capital changes       11 457   4 560
Decrease/(increase) in trade and other receivables   17    –1 213   –5 973
Decrease/(increase) in inventories   15    –3 887   –382
Decrease/(increase) in prepayments and assets held for sale       56   824
Increase/(decrease) in trade payables and other liabilities   18    1 174   7 112
Income tax (paid)/received   28    –1 538   –273
Net cash flow operating activities       6 049   5 868
 
Cash flow from investing activities
Proceeds from sale of intangible assets   12    1 471   1
Purchase of intangible assets   12    –1 366   –125
Proceeds from sale of property, plant and equipment   10    15   33
Purchase of property, plant and equipment   10    –1 604   –3 994
Acquisition of subsidiaries, net of cash   32    –553  
Issuance of financial assets to associates         –291
Proceeds from disposal of other non-current assets         342
Purchase of other non-current assets       –311   –260
Increase/(decrease) in recoverable taxes       –13  
Dividends from associates   13      138
Dividends from non-current financial assets   9      119
Interests received       29   0
Net cash flow investing activities       –2 332   –4 038
 
Cash flow from financing activities
Proceeds from borrowings   19    904   2 141
Repayment of borrowings   19    –3 535   –1 270
Interests paid   19    –1 245   –1 492
Interests paid on lease liabilities   19 / 21    –142   –127
Repayment of lease liabilities   19 / 21    –273   –815
Net cash flow financing activities       –4 291   –1 563
             
Net increase/(decrease) in cash and cash equivalents       –574   267
             
Cash and cash equivalents, at the beginning of the year       2 778   2 578
Increase/(decrease) in cash and cash equivalents       –574   267
Translation effect on cash       52   –67
Total Cash and cash equivalents, at the end of the year       2 256   2 778