CONSOLIDATED FINANCIAL STATEMENTS
Years ended on December 31st
Note
2016
2015
Cash Flows from Operating Activities
Receipts from clients
269 844 982
214 457 896
Payments to supliers
-157 562 500
-116 662 018
Staff payments
-61 060 481
-49 361 408
Payments/receipt of income tax
-3 885 008
-2 874 222
Other paym./receipts related with operating activities
14
-6 369 069
-19 481 672
Flows from operating activities (1)
40 967 924
26 078 576
Cash Flows from Investment Activities
Receipts from:
Financial investments
14 661
Tangible fixed assets
57 670
39 007
Intangible assets
Investment benefits
55 850
84 525
Interest received
16
2 534 337
73 979
Payments for:
Financial Investments
5
73 512 271
147 246
Other financial assets
11
8 972 023
7 098 836
Tangible fixed assets
26 220 493
18 116 090
Intangible assests
1 568 864
2 905 016
Others
Flows from investment activities (2)
-107 611 133
-28 069 677
Cash flows from financing activities
Receipts from:
Loans obtained
14
111 767 637
9 132 850
Sale of own shares
16
1 675
Payments for:
Loans obtained
10 941 309
4 937 537
Amortisation of financial leasing contracts
416 228
57 016
Interest and similar costs
3 799 777
2 006 994
Dividends paid
31
6 137 233
990 000
Acquisition of own shares
16
752
Flows from financing activities (3)
90 474 013
1 141 303
Change in cash & cash equivalents (4)=(1)+(2)+(3)
23 830 804
-849 798
Perimeter changes effect
60 000
Exchange rate differences effect
-533 122
1 803 392
Cash & cash equivalents at the start of the period
14 425 207
13 471 613
Cash & cash equivalents at end of the period
14
37 782 889
14 425 207
IBERSOL S.G.P.S., S.A.
CONSOLIDATED CASH FLOW STATEMENTS
FOR THE YEARS ENDED DECEMBER 31
ST
, 2016 AND 2015
(value in euros)
The Board of Directors,
204
