Annual report 2019

Železiarne Podbrezová a.s.: ROČNÁ SPRÁVA 2019 5 5 Separate Statement of Cash Flow For the year ended 31 December 2019 (in euro) Note 2019 2018 Cash flows from core business activities Profit/(loss) from ordinary activities 7 125 891 16 459 773 Non - cash transactions affecting profit/loss from ordinary activities 9 364 045 9 358 752 Depreciation charges 7 962 203 8 289 501 Net book value of non - current assets 14 482 1 806 Write - off of receivables 1 102 482 Revenues from assigned receivables (17) - Provision for employee benefits 1 058 200 1 077 170 Change In temporary accounts of assets 195 196 173 526 Change in temporary accounts of liabilities (286 144) (322 918) Provisions for assets 542 953 96 756 Interest expense 516 918 509 102 Interest income (318 827) (99 904) Unrealised foreign exchange losses 11 083 20 789 Unrealised foreign exchange gains (32 673) (20 037) Gain/(loss) from the sale of non - current assets (300 431) (367 521) Change in working capital 1 081 601 (6 360 571 ) Receivables 19 138 483 (3 423 084) Payables (16 001 025) 7 571 162 Inventories (2 055 857) (10 508 649) Interest paid (516 378) (509 102) Interest received 267 059 99 904 Paid employee benefits (370 407) (489 342) Emission rights (375 000) (648 600) Items excluded from operating activities (4 612 772) (3 072 753) Dividends (4 669 798) (3 068 061) Expenditures recognised in respect of derivatives 3 842 - Income recognised in respect of derivatives (49) (4 692) Foreign exchange losses 53 551 44 173 Foreign exchange gains (318) (35 241) Specific items (3 541 199) (436 705) Corporate income tax paid (3 541 199) (436 705) Net cash generated by operating activities 8 422 840 14 410 288 Cash flows from investing activities Expenditures for the acquisition of property, plant and equipment (16 876 819) (12 547 829) Acquisition of non - current intangible assets - - Acquisition of non - current tangible assets (13 637 635) (13 998 895) Acquisition of non - current financial assets (2 032 232) (41 116) Change in liabilities of investment nature (1 206 952) 1 492 182 Proceeds on the sale of non - current assets 741 023 1 100 897 Proceeds on the sale of non - current tangible and intangible assets 740 960 1 100 897 Proceeds on the sale of non - current financial assets 63 - SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2019 (IN EUROS)