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169
ANNUAL REPORT 2011
Years ending on December 31
Note
2011
2010
Cash flows from financing activities
Receipts from:
Loans obtained
11,853,898
11,000,000
Sale of own shares
Other
Payments for:
Loans obtained
16,701,378
6,794,477
Amortisation of financial leasing contracts
1,589,456
1,963,408
Interest and similar costs
2,445,990
1,742,025
Dividends paid
990,000
1,183,500
Capital reductions and supplementary entries
Acquisition of own shares
Other
Flows from financing activities (3)
-9,872,926
-683,410
Change in cash & cash equivalents (4)=(1)+(2)+(3)
-1,083,826
15,421,986
Perimeter changes effect
214,743
Exchange rate differences effect
-110,674
Cash & cash equivalents at the start of the period
29,239,847
13,817,861
Cash & cash equivalents at end of the period
13
28,481,438
29,239,847
The Board of Directors,