COMMENTS: In accordance with regulation ANC 2020-01, restatements recognised following the signature of finance leases are not shown in the cash flow statement since they generate no cash flows. For information purposes, the total value of finance leases signed during the financial year by the companies consolidated within the FM Logistic Group was 20,203,000 (impact on the increase in gross values and loans from credit institutions).
Consolidated cash flow statement /in thousands of euros 31/03/2022 31/03/2021 OPERATING ACTIVITIES
NET PROFIT/LOSS 12 924 18 077
Adjustment for:
Depreciation, amortisation and provisions 60 646 53 000
Gains and losses on disposal of fixed assets 1 097 306
Deferred taxes 364 873
Unrealised foreign exchange gains / losses 269 -498
Deferred expenses 0 0
CASH FLOW GENERATED BY THE ACTIVITY 75 299 71 757
Change in trade current assets and liabilities 6 762 4 805
Change in inventories -3 594 -335
Change in trade receivables -22 224 -9 537
Change in trade payables 32 580 14 677
Change in non-trade current assets and liabilities 6 114 -3 272 CHANGE IN WORKING CAPITAL REQUIREMENT 12 876 1 533 NET CASH FROM OPERATING ACTIVITIES 88 176 73 290
INVESTMENT ACTIVITIES
Payment / acquisition of intangible assets -10 382 -8 827
Payment / acquisition of PPE -50 951 -35 695
Receipts / disposal of PPE and intangible assets 9 284 5 703
Payment / acquisition of financial assets -3 831 -1 509
Receipts / disposal of financial asset 2 821 2 241
Net cash / acquisition and disposal of subsidiaries -107 0 NET CASH FROM INVESTMENT ACTIVITIES -53 167 -38 087
FINANCING ACTIVITIES
Increase in capital 0 0
Dividends paid to parent company shareholders -6 759 -8 500
Cash from borrowings 50 463 37 909
Repayments of borrowings -62 485 -58 802
Variation of accrued interests payable -7 -4
NET CASH FROM FINANCING ACTIVITIES -18 788 -29 397
VARIATION IN CASH AND CASH EQUIVALENTS BEFORE EXCHANGE RATE FLUCTUATIONS 16 221 5 806
Net effect of exchange rate fluctuations -399 -12 CASH AND CASH EQUIVALENTS AT THE OPENING 123 429 117 635 CASH AND CASH EQUIVALENTS AT THE CLOSING 139 251 123 429
FINANCIAL STATEMENTS
Annual report 48 FMÂ Logistic 2021/22
