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Consolidated cash flow statement

EUR million
Note
2023
2022
Earnings before interest and tax (EBIT)
0.0
-0.6
Depreciation and amortisation
2.4
2.3
Cash flow from operating activities before changes in working capital
2.4
1.7
 
Change in working capital, total
3.7
-2.9
 
Tax paid/received, net
-0.5
0.3
Financial items, net
0.1
-0.2
CASH FLOW FROM OPERATING ACTIVITIES
5.7
-1.1
 
Investments in tangible assets 
8
-3.0
-2.2
Hereof non-paid property, plant and equipment (leasing)
0.7
-
Sale of property, plant and equipment
0.2
-
Change in other fixed asset investments
9
-0.1
-
Realisation of investments in securities
1.1
0.0
Increase in deposits pledged
-0.3
-0.3
CASH FLOW FROM INVESTING ACTIVITIES
-1.4
-2.5
 
Repayment of mortgage loans
-0.1
-0.1
Payment of lease commitments
-0.1
-
CASH FLOW FROM FINANCING ACTIVITIES
-0.2
-0.1
 
NET CASH FLOW FOR THE YEAR
4.1
-3.7
 
Cash and cash equivalents at 1 January
25.2
28.6
Exchange adjustment of cash at bank and in hand
-0.6
0.3
CASH AND CASH EQUIVALENTS AT 31 DECEMBER
 
28.7
25.2
Available cash in bank and hand
28.7
25.2
Deposits pledged
2.7
2.4
Total cash in bank and hand according to balance
 
31.4
27.6
The cash flow statement cannot be immediately derived from the published financial records.
Accounting policies
The cash flow statement shows DHI's consolidated cash flows for the year broken down by operating, investing and financing activities, changes for the year in cash and cash equivalents as well as cash and cash equivalents at the beginning and end of the year.
Cash flows from operating activities
Cash flows from operating activities are calculated as earnings before interest and tax (EBIT), adjusted for changes in working capital and non-cash operating items such as depreciation, amortisation, and provisions. Working capital comprises current assets less short-term debt excluding items included in cash and cash equivalents.
Cash flows from investing activities
Cash flows from investing activities comprise cash flows from acquisitions and disposals of intangible assets, property, plant and equipment as well as other fixed asset investments.
Cash flows from financing activities
Cash flows from financing activities comprise cash flows from the raising and repayment of long-term debt as well as payments to and from the shareholder.
Cash and cash equivalents
Cash and cash equivalents comprise ”Cash at bank and in hand” which is immediately available.