Annual Report 2007 - Panostaja
Annual Report 2007 - Panostaja
Annual Report 2007 - Panostaja
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44 | Consolidated cash flow statement<br />
Consolidated cash flow statement<br />
(EUR 1,000) Note <strong>2007</strong> 2006<br />
Operating activities<br />
Operating profit 8,299 5,476<br />
Adjustments to operating profit 2,188 1,209<br />
Change in net working capital 201 792<br />
Interest paid -1,585 -408<br />
Dividends received 0 68<br />
Interest received 1,002 136<br />
Taxes -1,488 -1,210<br />
Net cash from operating activities 8,618 6,062<br />
Investments<br />
Investments in tangible and intangible assets -2,883 -3,161<br />
Proceeds from disposal of tangible and intangible assets 442 198<br />
Acquisition of subsidiaries, net of cash and cash equivalents 6 -8,749 -1,626<br />
Disposal of business operations 7 350 6,378<br />
Net cash from (used in) investing activities -10,840 1,788<br />
Financing<br />
Proceeds from issue of share capital 386 2,078<br />
Loans drawn 45,410 4,000<br />
Loans repaid -8,961 -4,358<br />
Acquisition of own shares -2,051 0<br />
Disposal of own shares 656 0<br />
Dividends paid -4,373 -2,094<br />
Net cash from (used in) financing activities 31,067 -374<br />
Change in cash and cash equivalents 28,845 7,476<br />
Cash and cash equivalents at the beginning of the year 12,429 4,953<br />
Cash and cash equivalents at the end of the year 41,274 12,429
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