Year 2014

Cash flow statement

1 Jan–31 Dec 2014 1 Jan–31 Dec 2013
Cash flow from business operations:
Profit (loss) before extraordinary items (+/–) 295 108,26 259 553,23
Adjustments to operating profit (+/–):
Deprecation according to plan 48 155,45 51 697,76
Financial income and expenses –56 380,48 –86 881,48
Operating cash flow before change in working capital 286 883,23 224 369,51
Change in working capital:
Increase/decrease in interest-free short-term receivables –702 504,09 –2 744 546,72
Increase/decrease in interest-free short-term liabilities 98 462,64 296 951,91
Cash flow from operating activities before financial items and taxes –317 158,22 –2 223 225,30
Interest and other financial expenses paid for operating activities –1 060,10 –11 013,20
Interest received from operating activities 57 623,55 160 568,97
Direct taxes paid (–) –64 138,76 –160 488,46
Cash flow before extraordinary items –324 733,53 –2 234 157,99
Cash flow from business operations (A) –324 733,53 –2 234 157,99
Cash flow from investment:
Investments in tangible and intangible assets (–) –62 966,45 –31 098,84
Cash flow in investing activities (B) –62 966,45 –31 098,84
Cash flow from financing activities:
Cash flow from financing activities (C) 0,00 0,00
Change in cash and cash equivalents (A+B+C) increase (+) / decrease (–) –387 699,98 –2 265 256,83
Cash and cash equivalents at the beginning of period 12 348 960,64 14 614 217,47
Cash and cash equivalents at the end of period 11 961 260,66 12 348 960,64
–387 699,98 –2 265 256,83
Cash and cash equivalents at the end of period include time deposits 0,00 3 309 149,59