2021 financial statements
Consolidated cash flow statement
| in TUSD | Note | 2021 | 2020 |
|---|---|---|---|
| Net result for the year | -312,212 | -682,994 | |
| Depreciation | [ 20-21 ] | 37,105 | 37,304 |
| Net financial result | [ 13 ] | -44,762 | -95,529 |
| Gain on disposal of property and equipment | -18,547 | 0 | |
| Other non-cash items | -56 | 28 | |
| Taxes and duties | [ 14 ] | 1,591 | 471 |
| (Increase)/Decrease in receivables | 18,083 | -174,241 | |
| (Increase)/Decrease in prepaid expenses and accrued income | -210,061 | -26,712 | |
| (Increase)/Decrease in derivative financial assets and liabilities | 2,026 | 2,008 | |
| (Increase)/Decrease in inventories | 114 | -4,450 | |
| (Increase)/Decrease in contract assets | 23,766 | -37,586 | |
| Increase/(Decrease) in payables | 37,978 | -19,080 | |
| Increase/(Decrease) in accrued expenses and deferred income | 90,040 | -25,700 | |
| Increase/(Decrease) in contract liabilities | 1,177,397 | 756,721 | |
| Increase/(Decrease) in provisions | -4,871 | 3,035 | |
| Taxes and duties paid | -17,397 | -3,467 | |
| Net cash (used)/generated by operating activities | 780,194 | -270,192 | |
| Purchase of property and equipment | [ 20 ] | -4,102 | -4,656 |
| Purchase of intangible assets | [ 21 ] | -18,440 | -575 |
| Sale of property and equipment | 20,986 | 0 | |
| Investment in financial assets | -5,877,351 | -6,672,586 | |
| Repayments and sale of financial assets | 4,760,971 | 7,288,238 | |
| Interest received | 30,200 | 41,041 | |
| Net cash (used)/generated in investing activities | -1,087,736 | 651,462 | |
| Interest paid | -5,920 | -9,657 | |
| Repayment of lease liabilities | -9,678 | -7,484 | |
| Net cash (used)/generated in financing activities | -15,598 | -17,141 | |
| Net (decrease)/increase in cash and cash equivalents | -323,140 | 364,129 | |
| Cash and cash equivalents as at 1 January | [ 15 ] | 1,155,191 | 779,516 |
| Effect of exchange rate fluctuations | 38 | 11,546 | |
| Net increase/(decrease) in cash and cash equivalents | -323,140 | 364,129 | |
| Cash and cash equivalents as at 31 December | [ 15 ] | 832,089 | 1,155,191 |
