Our results

Consolidated cash flow statement for the period from 1 January 2017 to 31 December 2017 [indirect method]

Data in ths. PLN

 NoteYear ended  31/12/2017 (audited)Year ended 31/12/2016 (audited)
Cash flow from operating activities   
Profit (loss) before tax 116,433(150,924)
Depreciation of property, plant and equipment and amortization of intangible assets6574,051596,178
Impairment of non-current assets6(27,166)25,414
(Profit) / loss on the sale and liquidation of property, plant and equipment, intangible assets and non-current assets held for sale (4,573)(1,558)
(Profit) / loss on investing activities 225(724)
Foreign exchange (gains) / losses (7,904)1,473
(Profits) / losses on interest, dividends 24,75831,945
Share in the (profit) / loss of entities measured by the equity method12(806)(3,461)
Received / (paid) interest 3,106(523)
Received / (paid) income tax (55,322)(6,633)
Other adjustments28(22,858)24,069
Change in working capital:   
(Increase) / decrease in trade and other receivables28(94,779)14,214
(Increase) / decrease in inventories283,08010,119
(Increase) / decrease in other assets28(18,991)(10,337)
Increase / (decrease) in trade and other payables2848,606(37,213)
Increase / (decrease) in other financial liabilities28(5,649)(37,441)
Increase / (decrease) in provisions 68,528(74,549)
Net cash on operating activities 600,739380,049
Cash flow from investing activities   
Expenditures to acquire property, plant and equipment and intangible assets (511,090)(588,094)
Proceeds on the transfer of property, plant and equipment, intangible
assets and non-current assets held for sale
Expenditures to acquire other financial assets -(111)
Proceeds on the sale of other financial assets 876932
Proceeds from interest received 9,062566
Proceeds from dividends received 5,1873,087
(Outflow) / inflows from loans granted (117)(133)
(Outflow) / inflows from bank deposit over  3 months (253,000)1,259
Net cash on investing activities (740,017)(568,567)
Cash flow from financing activities   
Payments of finance lease liabilities24(59,632)(67,393)
Payments of interest under finance leases24(6,095)(8,556)
Proceeds from bank loans and borrowings24366,3321,004,598
Repayment of bank loans and borrowings24(255,210)(257,855)
Interest paid on bank loans and borrowings24(28,053)(16,753)
Grants received 22513,803
Transactions with non-controlling interests (114,744)-
Other outflows from financing activities (2,251)(3,984)
Net cash on financing activities (99,428)663,860
Net increase / (decrease) in cash and cash equivalents (238,706)475,342
Cash and cash equivalents at the beginning of the reporting period17755,919276,191
Impact of changes foreign exchange rates  on the cash balance in foreign currencies (437)4,386
Cash and cash equivalents at the end of the reporting period, including:17516,776755,919
restricted cash1735,4448,607