CONSOLIDATED STATEMENT OF CASH FLOWS
| in PLN thousand | Note | For the year ended 31 December 2017 | For the year ended 31 December 2016 |
| current period | previous period (transformed data) |
||
| A.Cash flows from operating activities | |||
| I.Profit for the period | 164 544 | 186 241 | |
| II.Adjustments | |||
| 1. Depreciation and amortization | 6 | 142 316 | 146 452 |
| 2. Changes in debt allowances | 447 | 2 922 | |
| 3. Profit on investing activity | 32 | 170 | |
| 4. (Profit)/loss on disposal of property, plant and equipment | (1 756) | 1 138 | |
| 5. Interest and dividends | 2 087 | 2 094 | |
| 6. Income tax expense | 33d | (30) | 11 900 |
| III.Cash from operating activities before changes in working capital | 307 640 | 350 917 | |
| 1. Change in receivables | 33a | 1 709 | 39 369 |
| 2. Change in inventories | 743 | 28 067 | |
| 3. Change in short-term and other liabilities, except for loans and borrowings | 33b | 72 832 | 50 545 |
| 4.Change in employee benefits | (2 071) | (19 579) | |
| IV.Net cash flows generated on operating activities | 380 853 | 449 319 | |
| 1.Income tax paid | (50 159) | (19 824) | |
| V.Net cash from operating activities | 330 694 | 429 495 | |
| B.Cash flows from investing activities | |||
| I.Investment inflows | 9 352 | 1 035 | |
| 1.Proceeds from disposal of intangible assets and property, plant and equipment | 9 352 | 1 035 | |
| II.Investment outflows | (86 713) | (163 762) | |
| 1. Purchases of intangible assets and property, plant and equipment | 33c | (86 713) | (163 762) |
| III.Net cash from investing activities | (77 361) | (162 727) | |
| C.Cash flows from financing activities | |||
| I.Financial inflows | 8 081 | 6 750 | |
| 1. Grants received | 8 081 | 6 750 | |
| II.Financial outflows | (125 530) | (188 713) | |
| 1. Dividends and other payments to shareholders | 25d | (98 613) | (94 443) |
| 2. Repayment of loans and borrowings | (24 750) | (91 573) | |
| 3. Interest paid | (2 057) | (2 573) | |
| 4. Lease payments | (110) | (124) | |
| III.Net cash from financing activities | (117 449) | (181 963) | |
| D.Total net cash flows | 135 884 | 84 805 | |
| E.Net change in cash and cash equivalents | 135 884 | 84 805 | |
| F.Cash, cash equivalents and cash-pool at the beginning of the period | 23 | 214 797 | 129 992 |
| G.Cash, cash equivalents and cash-pool at the end of the period | 23 | 350 681 | 214 797 |
