Page 29 - Annual Report 2019

Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes

HOFTEX GROUP AG
Consolidated cash flow statement for the 2019 fiscal year

in EUR thousand 2019 2018
Consolidated net income for the year 2,708 8,022
+/- Depreciation, amortisation and write-downs of fixed assets/reversals
10,970 10,545
of write-downs of fixed assets
+/- Increase/decrease in provisions incl. pension provisions -2,278 -1,277
+/- Other non-cash expenses and income 93 -259
-/+ Increase/decrease in inventories, trade receivables and other assets 8,136 1,437
not attributable to investing or financing activities
+/- Increase/decrease in trade payables and other liabilities
-995 223
not attributable to investing or financing activities
-/+ Gain/loss on disposal of fixed assets -226 -1,831
+/- Interest expense/interest income 1,337 1,434
+/- Income tax expense/income 143 465
+/- Income tax payments -656 -313
Cash flows from operating activities 19,232 18,446

- Payments to acquire intangible fixed assets -369 -621
+ Proceeds from disposal of tangible fixed assets 540 994
- Payments to acquire tangible fixed assets -14,603 -11,743
+ Proceeds from disposals of financial assets 0 10,055
+ Proceeds from disposals from the consolidated companies 75 0
- Payments for consolidated group additions 0 -3,277
+ Cash proceeds from short-term loans from the parent company 0 15,000
- Cash repayments of short-term loans to the parent company 0 -6,000
+ Interest received 17 106
Cash flows from investing activities -14,340 4,514

+ Cash proceeds from bank borrowings 0 130
- Cash repayments of bank loans -10,375 -1,111
- Cash repayments of short-term loans to affiliated companies 0 -2,000
+ Proceeds from grants/subsidies received 86 36
- Interest paid -1,354 -1,540
- Dividends paid -1,361 -1,198
Cash flows from financing activities -13,004 -5,683

Changes in cash and cash equivalents -8,112 17,277
Effect on cash funds of exchange rate movements and remeasurement 61 14
Cash and cash equivalents as of 1 January 30,907 13,616
Cash and cash equivalents as of 31 December 22,856 30,907

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