Annual Report 2012
Parent company’s cash flow statement
Cash flow from operations: 1 Jan-31 Dec 2012 1 Jan-31 Dec 2011
Payments received from other operating income 532,903 897,866
Payments made for operating expenses -6,035,306 -4,484,128
Cash flow from operations before financial items and taxes -5,502,403 -3,586,262
Direct taxes paid -519,313
Cash flow from operations (A) -5,502,403 -4,105,575
Cash flow from investments:
Direct investments paid -22,348,954 -47,119,513
Repayments of direct investments and sales proceeds 6,847,010 9,506,307
Capital calls paid to funds -60,137,998 -59,652,763
Repayments of principal and profit shares from funds 29,349,779 43,990,218
Interest received from investments 1,414,079 1,933,440
Dividends received from investments 606,061 394,806
Investments in tangible and intangible assets -649,721 -66,894
Cash flow from investments (B) -44,919,745 -51,014,399
Cash flow from financing activities:
Proceeds from issuance of share capital 50,000,000
Group contributions paid and received 13,112 13,362
Payments and sales proceeds from liquid securities -4,217,480 60,776,616
Cash flow from financing activities (C) 45,795,632 60,789,978
Change in cash and cash equivalents (A+B+C) increase (+) / decrease (-) -4,626,515 5,670,004
Cash and cash equivalents at beginning of period 6,405,627 735,624
Cash and cash equivalents at end of period 1,779,112 6,405,627
Cash flow from investments includes cash flows from funds as well as from direct investments.
Cash flows from liquid securities and from cash in hand and at banks are presented in cash flow from financing activities.

Download ready made reports

Annual Report

Financial Statements