2022 financial statements
Consolidated cash flow statement
| in TUSD | Note | 2022 | 2021 |
|---|---|---|---|
| Net result for the year | 2,367,883 | -312,212 | |
| Depreciation | [ 20-21 ] | 33,372 | 37,105 |
| Net financial result | [ 13 ] | -31,877 | -44,762 |
| Gain on disposal of property and equipment | 0 | -18,547 | |
| Other non-cash items | -25 | -56 | |
| Taxes and duties | [ 14 ] | 22,716 | 1,591 |
| (Increase)/Decrease in receivables | 39,949 | 18,083 | |
| (Increase)/Decrease in prepaid expenses and accrued income | 202,557 | -210,061 | |
| (Increase)/Decrease in derivative financial assets and liabilities | 61,182 | 2,026 | |
| (Increase)/Decrease in inventories | 3,345 | 114 | |
| (Increase)/Decrease in contract assets | -106,504 | 23,766 | |
| Increase/(Decrease) in payables | 550,531 | 37,978 | |
| Increase/(Decrease) in accrued expenses and deferred income | 850,818 | 90,040 | |
| Increase/(Decrease) in contract liabilities | -2,410,682 | 1,177,397 | |
| Increase/(Decrease) in provisions | -120,196 | -4,871 | |
| Taxes and duties paid | -3,296 | -17,397 | |
| Net cash (used)/generated by operating activities | 1,459,773 | 780,194 | |
| Purchase of property and equipment | [ 20 ] | -3,692 | -4,102 |
| Purchase of intangible assets | [ 21 ] | -12,307 | -18,440 |
| Sale of property and equipment | 0 | 20,986 | |
| Investment in financial assets | -9,439,027 | -5,877,351 | |
| Repayments and sale of financial assets | 8,847,149 | 4,760,971 | |
| Interest received | 45,056 | 30,200 | |
| Net cash (used)/generated in investing activities | -562,821 | -1,087,736 | |
| Interest paid | -7,105 | -5,920 | |
| Repayment of lease liabilities | -9,858 | -9,678 | |
| Net cash (used)/generated in financing activities | -16,963 | -15,598 | |
| Net (decrease)/increase in cash and cash equivalents | 879,989 | -323,140 | |
| Cash and cash equivalents as at 1 January | [ 15 ] | 832,089 | 1,155,191 |
| Effect of exchange rate fluctuations | -3,976 | 38 | |
| Net increase/(decrease) in cash and cash equivalents | 879,989 | -323,140 | |
| Cash and cash equivalents as at 31 December | [ 15 ] | 1,708,102 | 832,089 |