Cash flow statement

EUR 1 000


2016 2015
CASH FLOW FROM OPERATIONS

Payments received from operations 44,116 55,946
Disbursements to operations -80,744 -77,257
Dividends received 493 183
Interest received 9,116 7,601
Interest paid -1,084 -588
Payments received on other operating income 3,227 3,008
Payments of operating expenses -14,250 -10,377
CASH FLOW FROM OPERATIONS (A) -39,126 -21,484



CASH FLOW FROM INVESTMENTS

Investments in tangible and intangible assets -193 -165
Proceeds from assets sold 0 0
CASH FLOW FROM INVESTMENTS (B) -193 -165



CASH FLOW FROM FINANCING

New share issue 0 10,000
Short-term loans drawn 54,981 6,994
Short-term loans repaid -6,994 0
Long-term loans drawn 0 35,082
Long-term loans repaid -4,899 -4,736
CASH FLOW FROM FINANCING (C) 43,088 47,340



CHANGES IN EXCHANGE RATES (D) -1,976 -1,868



CHANGE IN LIQUID ASSETS (A+B+C+D) increase (+) decrease (-) 1,793 23,823



LIQUID ASSETS AT THE START OF THE FINANCIAL YEAR (1 Jan.) 42,406 18,583
LIQUID ASSETS AT THE END OF THE FINANCIAL YEAR (31 Dec.) 44,199 42,406

1,793 23,823