Ibersol • Annual Report and Consolidated Accounts 2014 - page 196

Consolidated Financial Statements 196
On 31st December 2014, the Balance Sheet, the Profit and Loss Account and Cash Flows statement of the of the
non-controlling interest Ibersande, was as follows:
Dec. 2014 Dec. 2013
Non-current assets 16.579.975 16.607.787
Current assets 6.834.526 6.039.519
Total assets 23.414.501 22.647.306
Equity 20.646.002 19.988.969
Non-current liabilities - -
Current liabilities 2.768.499 2.658.337
Total liabilities 2.768.499 2.658.337
Total equity and liabilities 23.414.501 22.647.306
Dec. 2014 Dec. 2013
Operating income 13.752.107 13.587.424
Operating costs -13.249.926 -13.201.317
Net financing cost 373.286 393.684
Pre-tax income 875.466 779.791
Income tax -218.434 -155.242
Net profit 657.033 624.550
2014 2013
Flows from operating activities 769.793 607.069
Flows from investment activities -70.431 -9.471.909
Flows from financing activities -1.848 -212.366
Change in cash & cash equivalents 697.514 -9.077.206