4.3.4Consolidatedcashowstatement
ITEM 2018 2017
Index
2018/2017
CASHFLOWSFROMOPERATINGACTIVITIES
Netprotorloss
10,396,317 8,929,786 116
Adjustmentsfor:
121
12,636,732 13,422,190 94
Changesinnetworkingcapital(provisionsanddeferredtaxassets
andliabilities)frombalancesheetoperatingitems
2,780,006 -6,710,865 -41
Inowsfrominterestandparticipatinginterestsinothers 1,225,263 729,973 168
Outowsforinterestpaid -27,313 -391 6,985
Netcashowfromoperatingactivities 27,011,005 16,370,693 165
CASHFLOWSFROMINVESTINGACTIVITIES
Inowsfrominvestingactivities
3,271,384 2,324,343
Outowsfrominvestingactivities
-29,857,670 -13,511,372 221
Netcashowfrominvestingactivities -26,586,286 -11,187,029
CASHFLOWSFROMFINANCINGACTIVITIES
Inowsfromnancingactivities
15,606,808 224,609
Outowsfromnancingactivities
-4,214,275 -4,042,560
Netcashowfromnancingactivities 11,392,533 -3,817,951 -298
Closingbalanceofcashandcashequivalents 51,391,016 39,573,764 130
39,573,764 37,808,051