Annual report 2020

03

Separate statement of cash flows

Table. Separate statement of cash flows

in PLN thousand Note For the year ended
31 December 2020
For the year ended
31 December 2019
current period previous period
(transformed data)
Cash flows from operating activities
Profit/(loss) before tax -278 33 320
Income tax paid -5 115 -8 367
Adjustments
Depreciation, amortisation and impairment losses 126 935 112 011
Profit on disposal of property, plant and equipment 141 -139
Interest and dividends 2 267 2 836
Other adjustments 4 276 -4 088
Change in carbon-dioxide emission rights acquired for redemption -38 325 1 116
Change in receivables -130 984 2 791
Change in inventories 2 655 -25 026
Change in short-term and other liabilities,
except for loans and borrowings
143 480 55 331
Change in employee benefits 408 -599
Change in other assets 2946 -2 359
Net cash from operating activities 108 406 166 827
Cash flows from investing activities
Proceeds from disposal of intangible
and tangible fixed assets
2 995 258
Purchases of intangible assets and property, plan
and equipment
-111 931 -127 097
Net cash used in investing activities -108 936 -126 827
Cash flows from financing activities
Grants received 1 130 547
Repayment of loans and borrowings - -24 750
Interest paid - -581
Lease payments -2 542 -2 311
Net cash from financing activities 1 412 -27 095
Total net cash flows -1 942 12 905
Net change in cash and cash equivalents -1 942 12 905
Cash and cash equivalents at the beginning of the period 15 293 2 388
Cash and cash equivalents at the end of the period 13 351 15 293