Investor Relations

Cash flow statement

(Euro thousands) 31/03/2017 31/03/2016
CASH FLOW FROM OPERATING ACTIVITIES
Net Profit988 528
Adjustments for:
Amortization and depreciation 3,166 2,896
Doubtful debt provision
60
Changes in post-employment benefit provisions (9) 39
Change in provisions for risks and charges 22 (70)
Interest and charges matured (60) (113)
Interest and other financial charges received/(paid) (25) (32)
Income taxes 37
(Gain)/loss on divestments
CASH FLOW GENERATED FROM OPERATING ACTIVITIES 4,120 3,310
(Increase)/Decrease trade receivables and other financial assets  (340) (4,496)
(Increase)/Decrease in tax,VAT receivables and direct taxes 732 (1)
Increase/(Decrease) in payables and deferred revenues 4,968 1,691
Increase/(Decrease) in tax and VAT payables and current direct taxes  138 532
NET CHANGES IN CURRENT ASSETS AND LIABILITIES AND OTHER CHANGES 5,499 (2,273)
CASH FLOW GENERATED FROM OPERATING ACTIVITIES  9,619 1,037
CASH FLOW FROM INVESTING ACTIVITIES    
Investments in tangible assets (exclluding AAE-1) (2,252) (3,208)
Divestments in AAE-1 project (1,757) (6,934)
Change due to monetary effects of investments (4,379) 4.933
Investments in intangible assets
net investments in other non-current assets
Change due to monetary effects of investments
(378)
(16)
2,494
(202)
(66)
2,632


CASH FLOW GENERATED (ABSORBED) BY INVESTING ACTIVITIES  (8,782) (5,477)
CASH FLOW FROM FINANCING ACTIVITIES    
Net (increase)/Decrease in financial assets  1,523 1,077
New loan issue 10,315 5,351
(Repayment) of loans
Changes in share capital and reserve
(94) (383)
CASH FLOW GENERATED FROM FINANCING ACTIVITIES 11,744 6,045
     
TOTAL CASH FLOW12,580 1,,605
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 19,459 12,400
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 32,039 14,005