Consolidated cash flow statement

Cash flows from operating activities

Total comprehensive income of the period

(179,150)

39,636

Adjustments for

- Changes in fair value of investments

269,897

54,517

- Results on sale of investments

3

(4,122)

3,646

- Net financial income and expenditures

6

23,753

13,101

Operating cash flow before change in working capital

110,378

110,900

Change in

- Trade and other receivables

5,503

(9,241)

- Trade and other payables

(7,620)

2,487

Change in working capital

(2,117)

(6,754)

Paid interest

(22,040)

(13,270)

Received interest

1,006

169

(21,034)

(13,101)

Net cash flow from operating activities

87,227

91,045

Cash flows from investing activities

Investments in completed investment property

7

(80)

-

Investments in capitalised subsequent expenditure in investment property

(7,900)

(2,375)

Divestments of investment property and assets held for sale

37,892

112,014

Prepayments for assets under construction

(192,012)

(196,666)

Net cash flow from investing activities

(179,465)

(87,027)

Cash flows from financing activities

Increase / (decrease) in capital contributions

12

121,831

149,950

Redemption of units

12

(38,938)

(53,340)

Dividend paid to Investors

(88,250)

(97,673)

Proceeds from loans and borrowings

16

155,000

(5,000)

Repayment of loans and borrowings

16

(100,000)

-

Net cash flow from financing activities

49,643

(6,063)

Net increase / (decrease) in cash and cash equivalents

(25,230)

(2,045)

Cash and cash equivalents at the beginning of the period

41,501

43,546

Cash and cash equivalents at end of the period

16,271

41,501