Annual report 2005 - Sava dd

| consolidated financial statements in accordance with IFRS |
CASH FLOWS IN INVESTING ACTIVITIES
1 4 5 |
(SIT in thousands)
2005 2004
Purchase of property, plant and equipment equipment -9,018,105 -8,890,167
Proceeds from sale of property, plant and equipment equipment 2,523,162 2,218,157
Purchase of intangible assets -85,400 -126,878
Proceeds from sale of intangible assets 17,538 0
Purchase of investment properties -1,491,865 -110,449
Proceeds from sale of investment properties 403,209 381,280
Purchase of subsidiaries -293,685 -11,970,898
Proceeds from sale of subsidiaries 0 3,729,463
Purchase of associates -133,920 -3,526,367
Proceeds from sale of current financial investments 0 10,072,804
Proceeds from repaid loans 468,050 0
Expenses for granted loans 0 -149,498
Purchase of equity securities available for sale -11,858,738 -12,307,750
Proceeds from sale of non-current securities 10,056,744 6,438,586
Received dividends of associates 1,361,350 552,960
Other dividends received 492,590 97,613
Received interests 339,526 262,396
Net cash flow from investment activities -7,219,544 -13,328,748
CASH FLOWS IN FINANCING ACTIVITIES
Increase in share capital 0 8,008,000
Other increase in equity -97,013 0
Proceeds from granted non-current loans 7,117,350 4,856,420
Expenditures for granted non-current loans -1,686,722 -1,065,506
Proceeds from granted current loans 16,425,408 12,071,922
Expenses for granted current loans -11,568,636 -11,065,350
Expenses for dividends of Group's shareholders -1,242,294 -1,160,348
Paid interests -1,462,950 -1,554,648
Net cash flow from financing activities 7,485,143 10,090,490
Net increase or decrease in cash and cash equivalents 1,855,689 -2,255,397
Cash and cash equivalents at year begin 713,168 2,968,565
Cash and cash equivalents at year end 2,568,857 713,168