Cash flow statement

Note:

Sum of income and expenses

145,663

(2,021,246)

Adjustments for:

Depreciation

(1),(2)

240,996

327,259

Book result on disposal of fixed assets

(272,284)

-

Interest

(22)

(106)

(1,491)

Realised exchange rate losses (gains)

(205,157)

103,494

Changes in provisions

(7)

82,704

104,817

Changes in receivables

(4)

2,419,112

(981,468)

Changes in short term liabilities

(9)

(1,980,726)

101,483

Adjustment for results in participating interests

(3)

(254)

(52,537)

Cash flow from operations

284,285

(398,443)

Interest received

106

1,490

Cash flow from operating activities

430,054

(2,418,199)

Investments in intangible fixed assets

-

-

Investments in tangible fixed assets

(2)

(36,030)

(265,223)

Investments in financial fixed assets

-

-

Divestments of tangible fixed assets

521,000

-

Cash flow from investing activities

484,970

(265,223)

Changes in long term liabilities

(8)

(8,404)

(8,404)

Cashflow form financial activities

(8,404)

(8,404)

Net Cash flow

906,620

(2,691,826)

Foreign exchange rate gains / (losses) on cash and cash equivalents

205,157

(103,492)