Annual report 2018

Železiarne Podbrezová a.s. ANNUAL REPORT 2018 6 6 Note 2018 2017 Cash flows from loans and borrowings (1 478 348) 4 500 000 Proceeds from repayment of loans and borrowings - 4 800 000 Payments for provided loans and borrowings (1 478 348) (300 000) Dividends received 3 068 061 2 113 551 Net cash generated by investing activities (9 857 219) 432 364 Cash flows from financing activities Change in non - current (current) liabilities - - Repayments of long - term (short - term) bank loans - - Proceeds from long - term other loans and borrowings - - Repayments of long - term (short - term) other loans and borrowings - - Expenditures related to derivatives - (22 212) Income related to derivatives 4 692 301 Items excluded from financing activities 8 932 49 216 Expenditures for dividends paid (4 770 704) (3 982 440) Net cash generated by financing activities (4 757 080) (3 955 135) Net increase or net decrease in cash (221 875) (2 307 363) Cash and cash equivalents at the beginning of the reporting period 12 1 418 011 3 725 374 Cash and cash equivalents before reflecting foreign exchange differences at the end of the reporting period 1 205 068 1 467 226 Foreign exchange differences for cash and cash equivalents at the end of the reporting period 12 (8 932) (49 216) Foreign exchange losses (44 173) (55 927) Foreign exchange gains 35 241 6 711 Cash and cash equivalents at the end of the reporting period 12 1 196 136 1 418 011 SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2018 (IN EURO)