Annual report 2016

ANNUAL REPORT 2016 • Železiarne Podbrezová a.s. 6 6 Note 2016 2015 Cash flows from loans and borrowings (4 500 000) 0 Proceeds from repayment of loans and borrowings 10 650 000 20 000 Payments for provided loans and borrowings 10 (5 150 000) (20 000) Dividends received 26 12 240 280 4 658 967 Net cash generated by investing activities 58 888 366 (1 003 002) Cash flows from financing activities Change in non - current (current) liabilities (29 922 754) (6 339 804) Repayments of long - term (short - term) bank loans 14 (29 492 754) (6 339 804) Proceeds from long - term other loans and borrowings 14 16 570 000 - Repayments of long - term (short - term) other loans and borrowings 14 (17 000 000) - Expenditures related to derivatives - (117 963) Income related to derivatives - 24 575 Items excluded from financing activities 26 89 420 31 685 Expenditures for dividends paid (27 000 686) (4 758 036) Net cash generated by financing activities (56 834 020) (11 159 543) Net increase/(decrease) in cash (169 546) 2 978 370 Cash and cash equivalents at the beginning of the reporting period 12 3 894 920 916 550 Cash and cash equivalents before reflecting foreign exchange differences at the end of the reporting period 3 814 793 3 926 605 Foreign exchange differences for cash and cash equivalents at the end of the reporting period 12 (89 420) (31 685) Foreign exchange losses (109 109) (42 266) Foreign exchange gains 19 689 10 581 Cash and cash equivalents at the end of the reporting period 12 3 725 374 3 894 920 SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2016 (IN EUROS)