2014_q2_en_eur_con_00

AS Silvano Fashion Group Consolidated Interim Financial Report for Q2 and 6 months of 2014
Consolidated Statement of Cash Flows
in thousands of EUR 6m 2014 6m 2013
Cash flow from operating activities
Profit for the period 5 633 8 335
Adjustments for:
Depreciation and amortization of non-current assets 1 495 1 261
Share of profit of equity accounted investees 0 -8
(Gains)/ losses on the sale of property, plant and equipment -2 0
Net finance income / costs 393 187
Gain / loss on net monetary position -981 -299
Income tax expense 2 814 2 655
Change in inventories -2 772 520
Change in trade and other receivables -4 881 -4 106
Change in trade and other payables -1 148 564
Interest paid -14 -13
Income tax paid -1 529 -2 439
Net cash from operating activities -993 6 658
Cash flow from investing activities
Interest received 262 318
Dividends received 0 127
Proceeds from sale of property, plant and equipment 4 72
Proceeds from repayments of loans granted 0 104
Acquisition of property, plant and equipment -202 -3 084
Acquisition of intangible assets -92 -264
Acquisition of shares of a subsidiary -200 0
Net cash used in/from investing activities -228 -2 728
Cash flow from financing activities
Proceeds from borrowings 0 379
Repayment of borrowings -3 -289
Dividends paid -1 023 -589
Acquisition of own shares -652 0
Net cash used in/ from financing activities -1 678 -499
Increase in cash and cash equivalents -2 899 3 431
Cash and cash equivalents at the beginning of period 19 165 16 260
Effect of translation to presentation currency 1 233 882
Effect of exchange rate fluctuations on cash held 22 -165
Cash and cash equivalents at the end of period 17 521 20 408
13