212
Dec. 2014
Dec. 2013
Operating income
2.440.066
2.377.836
Operating costs
-2.344.077
-2.283.950
Net financing cost
-21.724
-30.929
Pre-tax income
74.265
62.957
Income tax
-37.510
-31.251
Net profit
36.755
31.706
On December 31, 2014, the group has 660.711 euros of balances and 589.447 euros in 2013 with the joint under-
taking UQ Consult were.
The cash flows of the joint undertaking were as follows:
2014
2013
Flows from operating activities
141.961
214.997
Flows from investment activities
-52.503
-59.591
Flows from financing activities
-21.640
-31.600
Change in cash & cash equivalents
67.818
123.806
34. TRANSACTIONS WITH RELATED PARTIES
The following entities have a qualifying shareholding, with over 10% of voting rights in the group:
– António Carlos Vaz Pinto de Sousa – 1.400 shares
– António Alberto Guerra Leal Teixeira – 1.400 shares
– ATPS, SGPS, SA – 886.359 shares
– IES, SGPS, SA – 9.998.000 shares
– Mirtal – SGPS, SA – 92.892 shares
After deducting own shares, there are still 35% of shares dispersed among other shareholders.
The balances and transactions with related entities are nor materially relevant, except when related to what is
stated below.
