KLEMENTI

CASH FLOW STATEMENT

 

CONSOLIDATED, AUDITED CASH FLOW STATEMENT 1999

 

Consolidated, audited

in thousand EEK

                                                        Group       Group      Parent      Parent

                                                         1999        1998        1999        1998

Operating activities

 

Adjustments for operating profit

Operating profit                                   -2,795,272   1,609,232  -2,712,990   1,608,479

Depreciation of fixed assets                        3,133,744   2,876,159   2,938,050   2,857,791

Revaluation of tangible asets                                     600,000                 600,000

Revaluation of intangible asets                       294,381                 294,381

Depreciation of intangible fixed assets               924,533     804,981     817,537     771,649

Profit from sale of fixed assets                     -263,194     -52,811    -268,830     -52,203

Profit from sale of securities                                   -875,958                -875,958

Loss from sale of fixed assets                          3,436       4,448       3,436       3,969

Loss from write-off of fixed assets                    76,463     618,290      20,866      76,759

Profit from long-term investments                                            -637,277  -1,557,788

Interest paid                                        -138,005      77,395    -138,005      77,395

Revaluation of securities                                          50,000                  50,000

Deferred income tax                                   -41,771      41,771

 

Total                                               1,194,315   5,711,736     317,168   3,560,093

 

Adjustments to changes in working capital

Change in current assets                            8,946,764 -12,806,030   7,217,720  -9,500,354

Change in current liabilities                         -85,530   3,801,375     654,852   2,391,263

 

Total                                               8,861,234   9,004,655   7,872,572  -7,109,091

 

Net cash from operating activities                 10,055,549  -3,292,919   8,189,740  -3,548,998

 

Investing activities

Purchase of shares                                     -6,700                  -6,700    -231,604

Dividends received                                                          1,000,000

Proceeds from long-term receivables                   158,441      69,018     158,441      69,018

Purchase of tangible fixed assets                  -6,368,643  -1,354,491  -5,591,599  -1,331,614

incl. finance lease                                 2,357,243     881,060   2,357,243     881,060

Purchase of intangible fixed assets                  -261,491    -628,475    -261,491    -577,896

Proceeds from sale of fixed assets                    382,290      81,047     416,063      79,547

Proceeds from sale of securities                                1,459,613               1,459,613

Reconstruction of fixed assets                       -569,681    -462,964    -569,681    -462,964

Proceeds from sale of subsidiary                                 -583,655

 

 

Net cash used in investing activities              -4,308,541    -538,847  -2,497,724    -114,840

 

Financing activities

Repayment of borrowings                           -22,376,013  -4,000,000 -22,242,680  -4,000,000

 

Proceeds from borrowings                           20,720,048   8,172,689  20,720,048   7,372,689

 

Finance lease payments                             -1,807,151  -1,096,281  -1,807,151  -1,096,281

 

Net cash used in financing activities              -3,463,116   3,076,408  -3,329,783   2,276,408

 

Net cash flow                                       2,283,892    -755,358   2,362,233  -1,387,430

Cash and cash equivalents at beginning of period    2,174,088   2,929,446   1,457,479   2,844,909

Cash and cash equivalents at end of period          4,457,980   2,174,088   3,819,712   1,457,479

 

 

Ardo Kamratov

372 6 710 703