CEF Annual report 2021

64 CEF BUSINESS REPORT 2021
FINANCIAL STATEMENTS 65
1.4. CASH FLOW STATEMENT
1.5. STATEMENT OF CHANGES IN EQUITY
EUR
Items 2021 2020
Cash flows from operating activities
Annual result 2,488,753 2,338,795
Total expenses -2,453,701 -2,216,275
Adjustments for
Amortization and depreciation 78,664 69,846
Actuarial gains (losses) -41,842 -15,920
Write-downs of property, plant and equipment 2,524 0
Financial income 0 2,560
Financial costs -1,501 -2,924
Operating profit before changes in net current assets and taxes 72,898 176,082
YEAR 2021
Items
Share capital
(Founder's
funds)
Capital
surplus
Fair Value
reserves
General
reserves
EUR
Total
Equity
Opening balance as of January 1, 2021 4,173 225 -38,491 1,444,042 1,409,949
Entry of additional capital payments 0 0 0 0 0
Total comprehensive income (loss) for the
period
Other components of the comprehensive
income for the reporting period
0 0 -41,842 33,694 -8,147
0 0 -41,842 0 -41,842
Annual result 0 0 0 33,694 33,694
Closing balance as of December 31, 2021 4,173 225 -80,332 1,477,736 1,401,802
Changes in net current assets and provisions
Change in receivables 9,764 17,513
Change in prepayments and other assets -607,893 71,570
Change in operating liabilities 158,628 -66,306
Change in provisions 26,504 140,940
Change in advances payable and other current liabilities 343,907 265,321
Net cash flow from operating activities 3,809 605,120
Cash flow from investing activities
Interest received 143 2,919
Acquisitions of property plant and equipment -43,395 -175,695
Net cash flow from investing activities -43,252 -172,776
Cash flow from financing activities
Interest paid 0 0
Net cash flow from financing activities 0 0
Cash and cash equivalents at the beginning of period 2,282,149 1,849,806
YEAR 2020
Items
Share capital
(Founder’s
funds)
Capital
surplus
Fair
value
reserves
General
reserves
EUR
Total
Equity
Opening balance as of January 1, 2020 4,173 225 -22,570 1,318,967 1,300,795
Entry of additional capital payments 0 0 0 0 0
Total comprehensive income (loss) for the
period 0 0 -15,920 125,075 109,155
Other components of the comprehensive
income for the reporting period 0 0 -15,920 0 -15,920
Annual result 0 0 0 125,075 125,075
Closing balance as of December 31, 2020 4,173 225 -38,491 1,444,042 1,409,949
Accounting policies and notes are an integral part of these financial statements
and should be read in conjunction with them.
Net increase in cash and cash equivalents -39,444 432,343
Cash and cash equivalents at the end of period 2,242,706 2,282,149
Accounting policies and notes are an integral part of these financial statements
and should be read in conjunction with them.