Cash flow statement

Cash flows from operating activities

Result for the year

8,646

(1,886)

Adjustments for

- Unrealised capital results on investments

3

10,784

20,236

- Net financial income and expenditures

1,614

(1,092)

Operating cash flow before change in working capital

21,044

17,258

Change in

-

-

- Trade and other receivables

(522)

(748)

- Trade and other payables

1,575

496

Change in working capital

1,053

(252)

Paid interest

(2,102)

-

Received interest

488

1,092

(1,614)

1,092

Net cash flow from operating activities

20,483

18,098

Cash flows from investing activities

Investments in completed investment property

(30,065)

(30,457)

Investments in capitalised subsequent expenditure in investment property

(163)

56

Prepayments for assets under construction

(79,469)

(75,870)

Net cash flow from investing activities

(109,697)

(106,271)

Cash flows from financing activities

Increase / decrease in capital contributions

9

1

8

Increase in share premium reserve

10

14,802

113,952

Dividend paid to Investors

(19,250)

(17,500)

Shareholder loan

75,000

-

Net cash flow from financing activities

70,553

96,460

Net increase in cash and cash equivalents

(18,661)

8,287

Cash and cash equivalents at the beginning of the period

19,518

11,231

Cash and cash equivalents at end of the period

857

19,518