IBERSOL Annual Report 2018

Consolidated Financial Statements IBERSOL S.G.P.S., S.A. CONSOLIDATED CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER, 2018 (values in euros) Years ended on December 31 st Note 2018 2017 Cash Flows from Operating Activities Receipts from clients 447.380.756 442.782.866 Payments to supliers -258.891.439 -249.626.468 Staff payments -134.216.255 -115.763.958 Payments/receipt of income tax -2.124.359 -2.475.045 Other paym./receipts related with operating activities -7.778.706 -7.901.669 Flows from operating activities (1) 16 44.369.997 67.015.726 Cash Flows from Investment Activities Receipts from: Financial investments 489.152 71.955 Tangible fixed assets 31.251 921.295 Investment benefits 105.376 Interest received 27 1.772.469 1.318.456 Other financial assets 11 5.387.056 7.041.574 Payments for: Financial Investments 5 2.041.029 128.522 Other financial assets 11 2.950.017 12.634.957 Tangible fixed assets 25.565.440 32.426.484 Intangible assests 3.599.069 1.317.843 Other investments 4.000.000 Flows from investment activities (2) -30.370.251 -37.154.526 Cash flows from financing activities Receipts from: Loans obtained 17 11.786.179 4.702.567 Payments for: Loans obtained 17 19.474.431 27.041.669 Amortisation of financial leasing contracts 17 1.102.878 1.798.854 Interest and similar costs 27 4.897.400 6.462.963 Dividends paid 31 3.144.647 2.160.010 Acquisition of own shares 16 548 621 Flows from financing activities (3) -16.833.725 -32.761.550 Change in cash & cash equivalents (4)=(1)+(2)+(3) -2.833.979 -2.900.350 Cash & cash equivalents at the start of the period 34.882.539 37.782.889 Cash & cash equivalents at end of the period 14 32.048.560 34.882.539 The Board of Directors, 210