180
Consolidated Financial Statements
Only Financial Assets (such as Clients and Other Debtors) presents impairment losses, as Note 14. On 31
st
De-
cember 2012 and 2011, gains or losses related with these financial assets and liabilities were as follows:
Profit/ (Loss)
Dec-12
Dec-11
Accounts receivable
-11,050
-232,375
Assets available for sale
-
-
Assets at amortised cost
-
-
-11,050
-232,375
The interest of financial assets and liabilities were as follows:
Interest
Dec-12
Dec-11
Accounts receivable
-
-
Assets available for sale
-
-
Liabilities at amortised cost
2,157,199
1,951,928
2,157,199
1,951,928
29. DIVIDENDS
At the General Meeting of 13
th
April 2012, the company decided to pay a gross dividend of 0,055 euros per share
(0,055 euros in 2011), which was paid on 11th May 2012 corresponding to a total value of 990.000 euros (990.000
euros in 2011).
30. CASH FLOWS FROM OPERATIONS
Cash flows from operations are broken down as follows:
2012
2011
Receipts from clients
169,654,587
195,056,707
Payments to supliers
-103,241,372
-112,133,112
Staff payments
-47,620,023
-49,047,909
Payments/receipt of income tax
-1,984,087
-3,355,057
Other paym./receipts related with operating activities (1)
-2,047,145
-11,349,301
Cash flow generated by the operations
14,761,960
19,171,328
(1) includes mainly social security payments, VAT and other debtors and creditors debt.
