2000.02.28, Trigon Property Development, TLN

VIISNURK

CASH FLOW STATEMENT

 

CONSOLIDATED CASH FLOW STATEMENT 01.01-31.12.99

 

in EEK, audited

                                                              1999         1998

 

Profit before taxes                                     26,077,512   18,288,557

Accumulated depreciation for the year                    9,103,592    7,653,349

Profit from sale of securities                             -537,59       458,195

Profit from sale of shares in subsidiary                -5,745,968       54,766

Profit/loss from sale of fixed assets                      482,014       16,174

Profit from investments                                   -186,256     -269,372

Interest expenses                                        2,737,310    4,183,883

Operating profit before changes in working capital      31,930,614   30,385,552

 

Change in current assets                                -1,501,100   -2,904,551

Change in current liabilities                            7,922,329    1,611,951

Change in deferred income tax liabilities               -2,859,137      345,963

Net cash flow from operating activities                 35,492,706   29,438,915

 

Interest paid                                           -3,029,928   -4,246,251

Income tax paid                                         -1,198,306   -4,620,738

 

Net cash from operating activities                      31,264,472   20,571,926

 

Investing activities

Purchase of fixed assets                               -37,034,682  -11,266,227

Disposal of fixed assets                                   582,399      123,827

Purchase of current investments                         -6,053,060     -252,123

Disposal of current investments                          6,672,186       18,843

Purchase/disposal of shares in subsidiary                8,495,873       257,5

Interest received                                           86,083      167,312

Dividends received                                         100,173      102,06

 

Net cash used in investing activities                  -27,151,028  -10,848,808

 

Financing activities

Proceeds from issue of shares                                    0    1,152,190

Proceeds from long-term borrowings                       9,026,370    2,250,000

Repayment of borrowings                                -14,030,041   -4,400,441

Finance lease payments                                    -900,036   -1,599,633

Decrease of credit line balance                                  0   -4,253,419

 

Net cash used in financing activities                   -5,903,707   -6,851,303

 

Net change in cash                                      -1,790,263    2,871,815

Cash and cash equivalents at beginning of period         4,736,585    1,864,770

Cash and cash equivalents at end of period               2,946,322    4,736,585

 

 

Andrus Aljas

Financial Director

+372 44 78 355