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Consolidated Statements of Cash Flows
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(All amount in HUF 000,000's) |
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Year ended December 31, |
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Note |
2000 |
1999 |
1998 |
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| Cash flows from operating activities: |
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| Income before minority interest and income taxes |
|
4,957 |
4,174 |
4,184 |
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| Adjustments for: |
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| Interest income |
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(216) |
(266) |
(398) |
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| Interest expense |
|
545 |
313 |
384 |
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| Depreciation and amortisation |
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2,734 |
2,206 |
1,450 |
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| Unrealised foreign exchange loss on loans |
|
192 |
899 |
949 |
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| Provision for write down of investments |
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- |
16 |
- |
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| Gain on sale of fixed assets |
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(9) |
(18) |
(8) |
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| Changes in assets and liabilities: |
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| Accounts receivable and other current assets |
|
953 |
(884) |
(240) |
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| Inventory (excluding effect of Lecebne’s acquisition) |
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(3) |
25 |
53 |
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| Accounts payable and other current liabilities |
|
436 |
320 |
(14) |
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| Cash generated from operations |
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9,589 |
6,785 |
6,360 |
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| Dividend proposed |
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(389) |
(336) |
- |
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| Interest paid |
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(490) |
(310) |
(478) |
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| Corporate income tax paid |
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(1,170) |
(854) |
(950) |
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| Net cash flow provided by operations |
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7,540 |
5,285 |
4,932 |
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| Cash flows from investing activities: |
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| Purchase of fixed assets |
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(5,423) |
(3,173) |
(2,347) |
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| Cash acquired on purchase of subsidiaries |
|
99 |
10 |
- |
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| Cash paid on acquisition of subsidiaries |
27 |
(5,929) |
(1,023) |
(13) |
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| Adjustment of negative goodwill (Gama 45 s.r.o.) |
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(86) |
- |
- |
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| Interest received |
|
268 |
315 |
439 |
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| Proceeds from disposal of investment |
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- |
20 |
34 |
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| Cash outflow from other non-current assets |
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(149) |
(66) |
(93) |
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| Proceeds on sale of fixed assets |
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32 |
189 |
23 |
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| Net cash flow used in investing |
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(11,188) |
(3,728) |
(1,957) |
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| Cash flows from financing activities: |
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| Net increase / (repayment) of long-term debt |
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4,220 |
(1,547) |
(3,912) |
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| Net cash flow effect of employee shares issue |
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(142) |
96 |
- |
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| Purchase of treasury shares |
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(282) |
(884) |
(819) |
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| Gain on treasury shares |
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282 |
250 |
- |
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| Dividend on treasury shares |
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13 |
- |
- |
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| Net cash flow provided by (used in) financing |
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4,091 |
(2,085) |
(4,731) |
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| Increase (decrease) in cash and cash equivalents |
|
443 |
(528) |
(1,756) |
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| Cash and cash equivalents at beginning of year |
|
920 |
1,448 |
3,204 |
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| Cash and cash equivalents at end of year |
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1,363 |
920 |
1,448 |
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