Tiscali 2012 Annual Report Download - page 53

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 53
5.4 Cash flow statement
31
December
2012
31
December
2011
(EUR 000)
OPERATIONS
Result from operating activities (15,898) (38,208)
Adjustments for:
Depreciation of tangible assets 15,811 21,121
Amortisation of intangible assets 26,956 34,004
Allowance for bad debt provision 26,330 35,819
Capital gains on disposal of non-current assets (2,108) (2,111)
Income taxes 2,536 1,821
Release of provisions for risks (1,213) (559)
Other changes (5,173) (6,879)
Financial income/charges 13,187 15,120
Cash flow from operations before changes in working capital 60,429 60,128
Change in receivables (808) (8,464)
Change in inventory 339 (91)
Change in payables to suppliers (19,124) (1,638)
Change in long-term payables to suppliers (251) (6,416)
Net change in provisions for risks and charges (708) (2,759)
Net change in provision for staff severance indemnities (1,322) (698)
Changes in other liabilities (477) (3,688)
Changes in other assets 5,733 7,971
Changes in working capital (16,619) (15,781)
CASH FLOWS GENERATED BY OPERATIONS 43,810 44,347
INVESTMENT ACTIVITIES
Change in other financial assets 45 1,475
Purchases of tangible fixed assets (3,652) (3,685)
Purchases of intangible fixed assets (22,420) (24,582)
Payments for the sale of assets - 320
NET CASH USED FOR THE INVESTMENT ACTIVITIES (26,027) (26,471)