Annual report 2018

5 Železiarne Podbrezová a.s. ANNUAL REPORT 2018 5 Separate Statement of Cash Flow For the year ended 31 December 2018 (in euro) Note 2018 2017 Cash flows from core business activities Profit/(loss) from ordinary activities 16 459 773 5 070 634 Non - cash transactions affecting profit/loss from ordinary activities 9 358 752 8 519 992 Depreciation charges 8 289 501 8 251 446 Net book value of non - current assets 1 806 16 613 Write - off of receivables 482 620 Revenues from assigned receivables - - Provision for employee benefits 1 077 170 1 457 951 Change In temporary accounts of assets 173 526 (420 507) Change in temporary accounts of liabilities (322 918) (560 643) Provisions for assets 96 756 (250 167) Interest expense 509 102 436 897 Interest income (99 904) (305 755) Unrealised foreign exchange losses 20 789 15 483 Unrealised foreign exchange gains (20 037) (66 605) Gain/(loss) from the sale of non - current assets (367 521) (55 341) Change in working capital (6 360 571) (2 567 396) Receivables (3 423 084) (13 923 317) Payables 7 571 162 16 389 720 Inventories (10 508 649) (5 033 799) Interest paid (509 102) (436 897) Interest received 99 904 605 659 Paid employee benefits (489 342) (653 248) Emission rights (648 600) - Items excluded from operating activities (3 072 753) (2 072 356) Dividends (3 068 061) (2 094 267) Expenditures recognised in respect of derivatives - 22 212 Income recognised in respect of derivatives (4 692) (301) Specific items (436 705) (7 201 764) Corporate income tax paid (436 705) (7 201 764) Net cash generated by operating activities 14 401 356 1 264 624 Cash flows from investing activities Expenditures for the acquisition of property, plant and equipment (12 547 829) (6 576 464) Acquisition of non - current intangible assets - - Acquisition of non - current tangible assets (13 998 895) (6 020 807) Acquisition of non - current financial assets (41 116) (755 640) Change in liabilities of investment nature 1 492 182 199 983 Proceeds on the sale of non - current assets 1 100 897 395 277 Proceeds on the sale of non - current tangible and intangible assets 1 100 897 395 277 Proceeds on the sale of non - current financial assets - - SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2018 (IN EURO)

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