3.4 Consolidated cash flow statement

CONSOLIDATED CASH FLOW STATEMENT      
    1 Jan - 31 Dec, 2019 1 Jan - 31 Dec, 2018
  Notes € 1,000 € 1,000
       
Cash flow from operating activities:      
Profit before taxes   105,766 229,041
Adjustments:      
Business transactions not involving a payment transaction:      
Depreciation   97,826 99,661
Capital gains/losses (-/+) on tangible and intangible assets   -2,713 -8,276
Other adjustments   -2,217  
Share of profit of associated companies   -384 -2,607
Gains/losses from the assets and liabilities recognised in the income statement at fair value   21,831 -29,606
Other business transactions not involving a payment transaction   9,826  
Finance income and costs   10,093 15,213
Impact from changes in the fair value of the investment   299 -97
Changes in working capital:      
Change in trade receivables and other receivables   3,934 -5,490
Change in inventories   324 1,138
Change in trade payables and other liabilities   1,246 10,147
Congestion income   73,001 29,632
Change in provisions 25 -31 -50
Interests paid   -21,005 -16,188
Interests received   6,397 306
Taxes paid   -39,188 -37,335
Net cash flow from operating activities   265,005 285,489
       
Cash flow from investing activities:      
Purchase of property, plant and equipment 11 -104,762 -90,019
Purchase of intangible assets 12 -17,739 -6,699
Proceeds from sale of other assets   684  
Proceeds from sale of property, plant and equipment   3,057 13,745
Repayment of loan receivables   938 1,750
Dividends received   881 645
Contributions received   610  
Capitalised interest paid 17 -1,016 -1,042
Net cash flow from investing activities   -117,347 -81,621
       
Cash flow from financing activities:      
Proceeds from non-current financing (liabilities)   150,000  
Payments of non-current financing (liabilities)   -46,325 -129,086
Proceeds from current financing (liabilities)     100,270
Payments from current financing (liabilities)   -80,071  
Dividends paid 21 -171,440 -173,518
Principal elements of lease payments   -2,309  
Net cash flow from financing activities   -150,145 -202,334
       
Change in cash as per the cash flow statement   -2,487 1,533
       
Opening cash as per the cash flow statement   85,301 83,768
       
Closing cash as per the cash flow statement 19,20 82,815 85,301
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