Cash flow statement

Cash flows from operating activities

Result for the year

68,298

8,646

Adjustments for

- Unrealised capital results on investments

3

(44,593)

10,784

- Net financial income and expenditures

1,374

1,614

Operating cash flow before change in working capital

25,079

21,044

Change in

-

-

- Trade and other receivables

(460)

(522)

- Trade and other payables

3,319

1,575

Change in working capital

2,859

1,053

Paid interest

(1,911)

(2,102)

Received interest

537

488

(1,374)

(1,614)

Net cash flow from operating activities

26,564

20,483

Cash flows from investing activities

Investments in completed investment property

-

(30,065)

Investments in capitalised subsequent expenditure in investment property

(28,201)

(163)

Prepayments for assets under construction

(116,830)

(79,469)

Net cash flow from investing activities

(145,031)

(109,697)

Cash flows from financing activities

Increase / decrease in capital contributions

9

18

1

Increase in share premium reserve

10

164,864

14,802

Dividend paid to Investors

(23,500)

(19,250)

Shareholder loan

-

75,000

Net cash flow from financing activities

141,382

70,553

Net increase in cash and cash equivalents

22,915

(18,661)

Cash and cash equivalents at the beginning of the period

857

19,518

Cash and cash equivalents at end of the period

23,772

857