Consolidated cash flow statement

3.4 Consolidated cash flow statement
CONSOLIDATED CASH FLOW STATEMENT      
    1 Jan - 31 Dec, 2017 1 Jan - 31 Dec, 2016
  Notes € 1,000 € 1,000
       
Cash flow from operating activities:    
Profit for the financial year 21 130,841 138,673
Adjustments:      
Business transactions not involving a payment transaction:      
Depreciation   96,889 99,222
Capital gains/losses (-/+) on tangible and intangible assets   -321 -3,792
Share of profit of associated companies   -1,734 -511
Gains/losses from the assets and liabilities recognised in the income statement at fair value   -8,884 -35,378
Interest and other finance costs   23,261 19,385
Interest income   -478 -689
Dividend income   -5 -5
Taxes   32,901 35,192
Impact from changes in the fair value of the investment   101 203
Changes in working capital:      
Change in trade receivables and other receivables   -13,056 -13,121
Change in inventories   -1,260 396
Change in trade payables and other liabilities   7,990 7,371
Congestion income   25,752 39,863
Change in provisions 25 -7 -187
Interests paid   -17,756 -20,496
Interests received   344 440
Taxes paid   -41,911 -33,887
Net cash flow from operating activities   232,668 232,679
       
Cash flow from investing activities:      
Purchase of property, plant and equipment 11 -100,271 -138,084
Purchase of intangible assets 12 -7,111 -4,108
Proceeds from sale of other assets   119 152
Proceeds from sale of property, plant and equipment   544 5,885
Loans granted     -1,500
Dividends received   1,119 565
Capitalised interest paid 17 -1,223 -2,016
Net cash flow from investing activities   -106,823 -139,106
       
Cash flow from financing activities:      
Proceeds from non-current financing (liabilities)   100,000 80,000
Payments of non-current financing (liabilities)   -149,732 -164,824
Change in current financing (liabilities)   25,926 44,430
Dividends paid 21 -98,000 -90,000
Net cash flow from financing activities   -121,806 -130,394
       
Change in cash as per the cash flow statement   4,039 -36,822
       
Opening cash as per the cash flow statement   79,729 116,550
Closing cash as per the cash flow statement  19,20 83,768 79,729
Tilikauden 2016 rahavirta