Tiscali 2014 Annual Report Download - page 131

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
131
6.5 Cash flow statement
CASH FLOW STATEMENT
31
December
31
December
(EUR)
2014
2013
OPERATIONS
Result from operating activities
550,471
(777,711)
Adjustments for:
Depreciation of tangible assets
-
-
Amortisation of intangible assets
-
-
Receivable write-down provision
137,857
367,496
Release of provisions for risks previously provided
-
(155,000)
Other changes
(1,193,543)
(728,344)
Cash flow from operations before changes in working capital
(505,215)
(1,293,559)
(Increase)/Decrease in receivables
(248,577)
(2,460,455)
Increase/(Decrease) in payables to suppliers
1,312,454
240,962
Net changes in the provisions for risks and charges
1,198,173
(72,547)
Net change in provision for staff severance indemnities
-
-
Changes in other liabilities
(497,188)
3,220,524
Changes in other assets
(793,053)
(489)
Changes in working capital
971,809
927,995
CASH AND CASH EQUIVALENTS DERIVING FROM OPERATIONS
466,594
(365,564)
INVESTMENT ACTIVITIES
- Changes in other financial assets
(121,113)
505,078
- Purchases of tangible fixed assets
-
-
- Purchases of intangible fixed assets
-
-
- Payments for the sale of financial fixed assets
1
-
NET CASH USED IN INVESTING ACTIVITIES
(121,112)
505,078
FINANCING ACTIVITIES
Changes in financial assets
-
-
Increase (decrease) in other non-current liabilities
-
(76,273)
Changes in shareholders’ equity
15,194
(61,316)
NET CASH DERIVING FROM/(USED IN) FINANCING ACTIVITIES
15,194
(137,589)
NET INCREASE/(DECREASE) IN NET CASH AND CASH EQUIVALENTS
360,676
1,925
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE FINANCIAL YEAR
7,292
5,367
CASH AND CASH EQUIVALENTS
367,968
7,292