Consolidated cash-flow statement
(according to the indirect method)
Amounts in € 1,000 | 2022 | 2021 | ||
Operating result | 48.072 | 39.428 | ||
Adjustments for: | ||||
Depreciations | 24.837 | 17.006 | ||
Movements in provisions | 1.856 | 411 | ||
Changes in working capital: | ||||
Movements in stocks | -1.587 | -1.328 | ||
Movements in projects in progress | -11.685 | -17.578 | ||
Movements in accounts receivable | -17.427 | 5.556 | ||
Movements in other receivables | -21.269 | 2.577 | ||
Movements in current liabilities | 21.766 | -7.002 | ||
-30.202 | -17.775 | |||
Operating cash flow | 44.563 | 39.070 | ||
Result from non-consolidated participating interests | -832 | 26 | ||
Taxes | -3.848 | -2.669 | ||
Cash flow from operating activities | 39.883 | 36.427 | ||
Investments in development costs and software | -5.491 | -3.778 | ||
Investments in tangible fixed assets | -5.219 | 1.035 | ||
Acquisitions of group companies | -26.715 | -92.509 | ||
Investments in financial fixed assets | 627 | -20 | ||
Cash flow from investment activities | -36.798 | -95.272 | ||
New long-term loans | 24.984 | 50.000 | ||
Repayment of long-term loans | -11.687 | 0 | ||
Dividend paid | -1.506 | -117 | ||
Acquisition of third-party interests | -172 | 0 | ||
Dividend paid to minority shareholders | -165 | -299 | ||
Cash flow from financing activities | 12.370 | 49.584 | ||
Net cash flow | 15.455 | -9.261 | ||
Liquid assets available in acquired participations | 3.838 | 5.202 | ||
Balance as at 1 January | 53.905 | 57.964 | ||
Balance as at 31 December | 73.198 | 53.905 |