Investor Relations

Cash flow statement

(Euro thousands) 03/31/2018 03/31/2017
CASH FLOW FROM OPERATING ACTIVITIES
Profit 480 988
Adjustments for:
Amortization and depreciation 3.553 3.166
Other provisions & write-downs
Changes in post-employment benefit provisions 38 (9)
Interest and other financial charges matured 970 (60)
Interest and other financial charges Change due to monetary effects of investments (870) (25)
Income taxes 62 37
(Gain)/loss on divestments
CASH FLOW GENERATED (ABSORBED) BY OPERATING ACTIVITIES 4.388 4.120
(Increase)/Decrease trade receivables and other financial assets  28 (340)
(Increase)/Decrease in tax and VAT receivables and direct taxes (1) 732
Increase/(Decrease) in payables and deferred revenues (3.374) 4.968
Increase/(Decrease) in tax and VAT payables and current direct taxes  (461) 138
NET CHANGE IN CURRENT ASSETS AND LIABILITIES AND OTHER CHANGES (3.809) 5.498
CASH FLOW GENERATED (ABSORBED) BY OPERATING ACTIVITIES  580 9.619
CASH FLOW FROM INVESTING ACTIVITIES    
(Investments) in tangible assets (1.689) (2.252)
Disinvestments in tangible assets 890 )
Variazione per effetti monetari degli investimenti (817) (4.379)
(Investments) in intangible assets exept AAE-1 (1.924) (378)
(Investments) in submarine cable system AAE-1 (1.147) (1.757)
Net investments in other non-current assets 3 (16)
CASH FLOW GENERATED (ABSORBED) BY INVESTING ACTIVITIES  (4.684) (8.782)
CASH FLOW FROM FINANCING ACTIVITIES    
Net (increase)/Decrease in financial assets  (429) 1.523
New loan issue 10.315
(Repayment) of loans (12.000)
CASH FLOW GENERATED (ABSORBED) BY FINANCING ACTIVITIES (12.466) 11.744
     
TOTAL CASH FLOW (16.571) 12.580
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 65.953 19.459
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 49.382 32.039