Edisun Power Europe Ltd. Corporate Governance Report 2010 ...

Consolidated Cash Flow Statement
Notes
Consolidated Financial Statements
2010
TCHF
Net loss -1 073 -120
Reversal of non-cash items:
2009
TCHF
Depreciation and amortization on plant, equipment, intangible
assets and other assets
2 132 1 813
Impairment 728 0
Change in accruals and provisions -438 1 622
Finance expense 20 1 464 547
Income tax income 21 -356 -162
Share of loss of associate 11 25 67
Profit on disposal of tangible assets -171 0
Interest paid 1) -1 368 -794
Income taxes paid -59 -1
Cash flow before working capital changes 884 2 972
Change in receivables and other assets 770 -319
Change in payables -662 367
Cash flow from operating activities 992 3 020
Investments in plants and equipment 1) -8 977 -20 426
Disposal of tangible assets 2 029 0
Investments in intangible assets 7 -265 -167
Acquisition of shares in Valosun Edisun Power SAS 11 0 -1 500
Repayment from financial assets 34 29
Interest received 17 79
Change in receivable grants outstanding 6 23 -23
Cash flow from investing activities -7 139 -22 008
Issuance of borrowings, net of transaction costs 8 931 9 079
Repayment of borrowings -2 761 -310
Disposal of non-controlling interests of Yellow Hat Ltd. 0 54
Purchase of non-controlling interests of Edisun Power Ltd. -8 -23
Cash flow from financing activities 6 162 8 800
Net change in cash and cash equivalents 15 -10 188
Cash and cash equivalents at the beginning of the year 10 4 496 14 689
Exchange losses on cash and cash equivalents -362 -5
Cash and cash equivalents at the end of the year 10 4 149 4 496
1)
Total interest paid TCHF 1'716 (2009: TCHF 1'388), of which TCHF 349 (2009: TCHF 594) capitalized
within investments in plants and equipment.
The notes are an integral part of these consolidated financial statements.
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