Investor Relations

Cash flow statement

(Euro thousands) 30/09/2017 30/09/2016
CASH FLOW FROM OPERATING ACTIVITIES
Profit 4,844 1,838
Adjustments for:
Amortization and depreciation 10,306 8,940
Other provisions & write- downs 181 180
Changes in post-employment benefit provisions 54 80
Change in provisions for risks and charges (62) (439)
Interest and other financial charges matured 215 (434)
Interest and other financial charges Change due to monetary effects of investments (187) (59)
Income taxes 241 21
(Gain)/loss on divestments (387) (285)
CASH FLOW GENERATED (ABSORBED) BY OPERATING ACTIVITIES 15,204 9,841
(Increase)/Decrease trade receivables and other financial assets  (7,125) 2,502
(Increase)/Decrease in tax and VAT receivables and direct taxes 943 (9)
Increase/(Decrease) in payables and deferred revenues 9,762 10,479
Increase/ (Decrease) in tax and VAT payables and current direct taxes  (17) (356)
NET CHANGE IN CURRENT ASSETS AND LIABILITIES AND OTHER CHANGES 3,563 12,616
CASH FLOW GENERATED (ABSORBED) BY OPERATING ACTIVITIES  18,767 22,457
CASH FLOW FROM INVESTING ACTIVITIES    
(Investments) in tangible assets excl, AAE-1 (9,328) (9,705)
(Investments) in AAE-1 project (5,635) (13,890)
Divestments in tangible assets 59 170
Gain/(loss) on divestments 387 285
(Investments) in intangible assets (2,881) (1,814)
Investments valued at equity (4,258) (2,071)
Net investments in other non- current assets (24) (45)
CASH FLOW GENERATED (ABSORBED) BY INVESTING ACTIVITIES  (21,680) (27,070)
CASH FLOW FROM FINANCING ACTIVITIES    
Net (increase)/Decrease in financial assets  199 1,376
New loan issue 12,000 10,315
(Repayment) of loans (568) (418)
CASH FLOW GENERATED (ABSORBED) BY FINANCING ACTIVITIES 11,631 11,273
     
TOTAL CASH FLOW 8,718 6,661
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 19,459 12,400
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 28,177 19,061