Table. Separate statement of cash flows
| in PLN thousand | Note | For the year ended 31 December 2019 | For the year ended 31 December 2018 |
|---|---|---|---|
| current period | previous period | ||
| Cash flows from operating activities | |||
| Profit before tax | 33 320 | 90 372 | |
| Income tax paid | - 8 367 | - 11 705 | |
| Adjustments | |||
| Depreciation, amortisation and impairment losses | 112 011 | 103 820 | |
| Profit on disposal of property, plant and equipment | - 139 | - 55 | |
| Interest and dividends | 2 836 | - 23 755 | |
| Other adjustments | - 4 088 | - 1 628 | |
| Change in carbon-dioxide emission rights acquired for redemption | 1 116 | - 1 815 | |
| Change in receivables | - 17 404 | 3 102 | |
| Change in inventories | - 25 026 | - 11 748 | |
| Change in short-term and other liabilities, except for loans and borrowings | 54 618 | - 12 965 | |
| Change in employee benefits | 114 | 571 | |
| Net cash from operating activities | 148 991 | 134 194 | |
| Cash flows from investing activities | |||
| Investment inflows | 270 | 26 963 | |
| Proceeds from disposal of intangible and tangible fixed assets h | 258 | 1 880 | |
| Proceeds from disposal of financial assets | 12 | - | |
| Dividends received | - | 25 083 | |
| Investment outflows | - 127 097 | - 89 722 | |
| Purchases of intangible assets and property, plan and equipment | - 127 097 | - 89 722 | |
| Net cash used in investing activities | - 126 827 | - 62 759 | |
| Cash flows from financing activities | |||
| Financial inflows | 547 | - | |
| Grants received | 547 | - | |
| Financial outflows | - 27 642 | - 66 366 | |
| Dividends and other payments to shareholders | - | - 40 230 | |
| Repayment of loans and borrowings | - 24 750 | - 24 750 | |
| Interest paid | - 581 | - 1 319 | |
| Lease payments | - 2 311 | - 67 | |
| Net cash from financing activities | - 27 095 | - 66 366 | |
| Total net cash flows | - 4 931 | 5 069 | |
| Net change in cash and cash equivalents | - 4 931 | 5 069 | |
| Cash and cash equivalents at the beginning of the period | 135 128 | 130 059 | |
| Cash and cash equivalents at the end of the period | 130 197 | 135 128 | |