Financial statements

Statement of cash flows

(Euros) 31/12/2020 31/12/2019
A) CASH FLOWS FROM OPERATING ACTIVITIES 34.013.442 50.750.851
1 - Profit/(loss) for the year before taxes 18.940.739 35.614.357
2 - Adjustments to profit or loss 21.592.622 14.596.019
a) Amortisation and depreciation (+) 22.172.320 24.749746
b) Impairment charges (+/-) 329.097 851.749
c) Change in provisions (+/-) (-)364.149 (-)99.217
e) Gains/(losses) on retirement or disposal of intangible assets and property, plant and equipment (+/-) 247.189 491.928
f) Results from write-offs and disposals of financial instruments (+/-). 0 (-)12.478.396
g) Financial income (-). (-)720.195 (-)1.023.107
i) Exchange differences (+/-). (-)59.715 172.316
j) Change in fair value of financial instruments (+/-). (-)580.756 (-)2.442.537
k) Other incomes and expenses (-/+). 568.831 4.373.537
3 - Changes in working capital (-)5.348.350 (-)202.534
a) Inventories (+/-). (-)80.782 675.662
b) Trade and other receivables (+/-) 10.185.728 6.171.520
c) Other current assets (+/-) 361.456 (-)278.368
d) Trade and other payables (+/-) 13.567.718 (-)6.634.291
e) Other current liabilities (+/-) (-)568.831 (-)137.056
f) Other non-current assets and liabilities (+/-) (-)1.678.292 0
4 - Other cash flows from operating activities (-)1.171.569 743.009
b) Collection of dividends (+) 0 56.690
c) Interest received (+). 849.898 1.100.176
d) Receipts/(payments) for corporate income tax (+/-) (-)2.021.467 (-)413.857
e) Other payments/(receipts) (+/-) 0 0
5 - Cash flows from operating activities (+/- 1+/- 2+/- 3+/- 4) 34.013.442 50.750.851
B) CASH FLOWS FROM INVESTING ACTIVITIES 14.179.820 (-)29.246.989
6 - Payments for investments (-) (-)161.020.134 (-)179.912.274
a) Subsidiaries and associates. 0 (-)39.906.619
b) Intangible assets. (-)1.760.756 (-)2.124.340
c) Property, plant and equipment (-)1.760.756 (-)9.826.671
e) Other financial assets (-)152.213.891 (-)128.054.644
g) Other assets. 0 0
7 - Receipts from divestments (+) 175.199.954 150.665.285
a) Subsidiaries and associates. 24.417.754 73.552.456
b) Immobilitzat intagible 9.500
c) Property, plant and equipment 18.362 33.790
e) Other financial assets 150.754.337 77.079.039
8 - Cash flows from investing activities (7-6) 14.179.820 (-)29.246.989
C) CASH FLOWS FROM FINANCING ACTIVITIES (-)47.959.779 (-)27.000.000
11 - Payments of dividends and returns on other equity instruments (-)47.959.779 (-)27.000.000
a) Dividends (-) (-)47.959.779 (-)27.000.000
12 - Cash flows from financing activities ( +/- 9 +/- 10 - 11) (-)47.959.779 (-)27.000.000
D) EFFECT OF EXCHANGE RATE CHANGES (and decimals) 59.715 (-)172.316
E) NET INCREASE/(DECREASE) IN CASH AND EQUIVALENTS (+/-A +/-B +/-C +/-D) 283.199 (-)5.668.455
Cash and cash equivalents at start of financial year 1.200.881 6.869.335
Cash and cash equivalents at end of financial year 1.494.079 1.200.881