Page 17 - Holiday_Club_Annual_report

Consolidated Cash Flow

1.10.2013–30.9.2014 1.10.2012–30.9.2013

CASH FLOW FROM OPERATING ACTIVITIES

Cash receipts from sales 124 040 188,92 123 764 013,33
Cash receipts from other operating income
Cash paid to suppliers and employees 3 247 320,36 2 934 338,64
Cash generated from operations
Interest paid -120 446 784,72 -117 680 943,00
Interest received
Income taxes paid 6 840 724,56 9 017 408,97
Cash flow before extraordinary items
NET CASH FROM OPERATING ACTIVITIES -2 122 835,25 -1 919 199,59

158 740,74 262 225,76

-488 932,68 192 671,29

4 387 697,37 7 553 106,43

4 387 697,37 7 553 106,43

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of tangible and intangible assets -5 089 721,48 -19 309 203,76

Proceeds from sale of tangible and intangible assets 4 752 458,34 1 622 746,00

Acquisition of group companies -326 400,00 -2 304 579,51

Purchase of other investments 0,00 -226 173,48

Repayment of loan receivables 130 566,66 -162 000,00

Proceeds from sale of other investments 500 333,56 4 224 721,43

NET CASH USED IN INVESTMENT ACTIVITIES -32 762,92 -16 154 489,32

CASH FLOW FROM FINANCING ACTIVITIES

Issue of shares and options 3 000 000,00 5 719 970,50

Purchase of own shares 0,00 -260 000,00

Proceeds from short term borrowings -86 744,70 -4 040 818,51

Proceeds from long term borrowings 9 000 000,00 19 000 000,00

Repayment of long term borrowings -10 998 294,98 -9 076 003,14

Dividends paid -2 272 532,00 -2 049 411,20

NET CASH USED IN FINANCING ACTIVITIES -1 357 571,68 9 293 737,65

Net increase/decrease in cash and cash equivalents 2 997 362,77 692 354,76

Cash and cash equivalents at the beginning of the period 1 830 101,33 1 137 746,54

Cash and cash equivalents at the end of the period 4 827 464,10 1 830 101,33

Change in net cash 2 997 362,77 692 354,79

Holiday Club Resorts Oy Annual Report 2013–2014 17