Consolidated cash flow statement
(EUR million)
2017 2016
Profit/Loss for the period -42.4 -3.6
Adjustments 72.4 62.0
Cash flow before change in net working capital 30.0 58.4
Change in net working capital 23.9 26.9
Other changes 3.9 -5.6
Interest paid -11.1 -9.8
Other financial expenses paid -5.1 -4.7
Interest received 1.8 2.0
Other financial income received 3.2 4.4
Dividends received 0.6 1.3
Income taxes paid -1.5 -2.0
Cash flow from operating activities (A) 45.7 70.9
Total investments -108.7 -56.6
Total sales of assets 2.8 2.4
Disposal of subsidiary, net of cash - 0.1
Loan receivables, borrowings and repayments 1.9 0.2
Cash flow from investing activities (B) -104.0 -53.9
Increase in other reserves 0.0 0.0
Proceeds from external borrowings 256.8 57.6
Repayment of external borrowings -140.6 -69.1
Payment of finance lease liabilities -0.7 -0.7
Dividends paid -9.0 -8.2
Transactions with non-controlling interests -4.5 -
Cash flow from financing activities (C) 101.9 -20.6
Net cash flow (A+B+C) 43.6 -3.5
Cash and cash equivalents, end balance 50.9 6.6
Cash and cash equivalents, opening balance 6.6 9.5
Effect of changes in exchange rates 0.6 0.7
Change 43.6 -3.5
The notes 1–28 form an integral part of the consolidated financial statements.