Table. Consolidated 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 for the period | 106 450 | 15 110 | |
| Income tax paid | - 28 731 | - 34 577 | |
| Adjustments | |||
| Depreciation, amortisation and impairment losses | 143 438 | 143 859 | |
| Loss on disposal of property, plant and equipment | 30 | 26 | |
| Interest and dividends | 3 063 | 1 329 | |
| Other adjustments | - 8 139 | - 2 033 | |
| Change in carbon-dioxide emission rights acquired for redemption | 1 483 | - 2 480 | |
| Change in receivables | 20 666 | - 29 548 | |
| Change in inventories | - 9 047 | - 12 832 | |
| Change in short-term and other liabilities, except for loans and borrowings | 74 687 | 113 504 | |
| Change in employee benefits | 551 | - 1 114 | |
| Net cash from operating activities | 304 451 | 191 244 | |
| Cash flows from investing activities | |||
| Investment inflows | 876 | 1 910 | |
| Proceeds from disposal of intangible assets and property, plant and equipment | 848 | 1 910 | |
| Proceeds from sale of financial assets | 28 | - | |
| Investment outflows | - 165 629 | - 126 216 | |
| Purchases of intangible assets and property, plant and equipment | - 165 629 | - 126 216 | |
| Net cash from investing activities | - 164 753 | - 124 306 | |
| Cash flows from financing activities | |||
| Financial inflows | 925 | 1 968 | |
| Grants received | 925 | 1 968 | |
| Financial outflows | - 28 186 | - 66 841 | |
| Dividends and other payments to shareholders | - | - 40 637 | |
| Repayment of loans and borrowings | - 24 750 | - 24 750 | |
| Interest paid | - 581 | - 1 318 | |
| Lease payments | - 2 855 | - 136 | |
| Net cash from financing activities | - 27 261 | - 64 873 | |
| Total net cash flows | 112 437 | 2 065 | |
| Net change in cash and cash equivalents | 112 437 | 2 065 | |
| Cash and cash equivalents and cash-pool at the beginning of the period | 352 746 | 350 681 | |
| Cash and cash equivalents and cash-pool at the end of the period | 465 183 | 352 746 | |