Tiscali 2013 Annual Report Download - page 126

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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
126
7.5 Cash flow statement
CASH FLOW STATEMENT
31
December
31
December
(EUR)
2013
2012
OPERATIONS
Result from operating activities
(777,711)
(3,115,420)
Adjustments for:
Depreciation of tangible assets
-
5,694
Amortisation of intangible assets
-
-
Receivable write-down provision
367,496
2,425,493
Release of provisions for risks previously provided
(155,000)
-
Other changes
(728,344)
(1,476,266)
Cash flow from operations before changes in working capital
(1,293,559)
(2,340,499)
(Increase)/Decrease in receivables
(2,460,455)
(1,524,300)
Increase/(Decrease) in payables to suppliers
240,962
(1,238,744)
Net changes in the provisions for risks and charges
(72,547)
(598,437)
Net change in provision for staff severance indemnities
-
-
Changes in other liabilities
3,220,524
(4,363,709)
Changes in other assets
(489)
565,123
Changes in working capital
927,995
1,567,352
CASH AND CASH EQUIVALENTS DERIVING FROM OPERATIONS
(365,564)
(773,147)
INVESTMENT ACTIVITIES
- Changes in other financial assets
505,078
800,327
- Purchases of tangible fixed assets
-
-
- Purchases of intangible fixed assets
-
-
- Payments for the sale of financial fixed assets
-
-
NET CASH USED IN INVESTING ACTIVITIES
505,078
800,327
FINANCING ACTIVITIES
Changes in financial assets
-
-
Increase (decrease) in other non-current liabilities
(76,273)
(32,237)
Changes in shareholders’ equity
(61,316)
25
NET CASH DERIVING FROM/(USED IN) FINANCING ACTIVITIES
(137,589)
(32,212)
NET INCREASE/(DECREASE) IN NET CASH AND CASH EQUIVALENTS
1,925
(5,031)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE FINANCIAL YEAR
5,367
10,398
CASH AND CASH EQUIVALENTS
7,292
5,367