Consolidated statement of cash flows
All amounts in € thousands
Note | 2022 | 2021 | |
Operating activities | |||
Net result | (41,334) | 84,976 | |
Adjustments for: | |||
Valuation movements | 76,208 | (54,525) | |
Net finance result | 2,464 | 2,536 | |
Movements in working capital | 19,697 | (436) | |
Cash flow generated from operating activities | 57,035 | 32,551 | |
Interest paid | (2,202) | (2,290) | |
Interest received | - | - | |
Cash flow from operating activities | 54,833 | 30,261 | |
Investment activities | |||
Proceeds from sale of investment property | - | - | |
Payments of investment property | (33,926) | (21,197) | |
Payments of investment property under construction | (25,176) | (17,673) | |
Cash flow from investment activities | (59,102) | (38,870) | |
Finance activities | |||
Proceeds from the issue of share capital | 45,000 | 30,000 | |
Redemption of shares | - | - | |
Dividends paid | (43,512) | (31,157) | |
Cash flow from finance activities | 1,488 | (1,157) | |
Net increase/(decrease) in cash and cash equivalents | (2,781) | (9,766) | |
Cash and cash equivalents at beginning of year | 15,197 | 24,964 | |
Cash and cash equivalents at end of year | 15 | 12,415 | 15,197 |