Annual report 2019

Železiarne Podbrezová a.s.: ROČNÁ SPRÁVA 2019 6 6 Note 2019 2018 Cash flows from loans and borrowings (650 000) (1 478 348) Proceeds from repayment of loans and borrowings - - Payments for provided loans and borrowings (650 000) (1 478 348) Dividends received 4 673 306 3 068 061 Net cash generated by investing activities (12 112 490) (9 857 219) Cash flows from financing activities Change in non - current (current) liabilities 7 800 000 - Repayments of long - term (short - term) bank loans - - Proceeds from long - term other loans and borrowings 9 000 000 - Repayments of long - term (short - term) other loans and borrowings (1 200 000) - Expenditures related to derivatives (3 842) - Income related to derivatives 49 4 692 Expenditures for dividends paid (4 283 185) (4 770 704) Net cash generated by financing activities 3 513 022 (4 766 012) Net increase or net decrease in cash (176 628) (221 875) Cash and cash equivalents at the beginning of the reporting period 12 1 196 136 1 418 011 Cash and cash equivalents before reflecting foreign exchange differences at the end of the reporting period 1 019 508 1 205 068 Foreign exchange differences for cash and cash equivalents at the end of the reporting period 12 (53 233) (8 932) Foreign exchange losses (53 551) (44 173) Foreign exchange gains 318 35 241 Cash and cash equivalents at the end of the reporting period 12 966 275 1 196 136 SEPARATE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2019 (IN EUROS)