Consolidated statement of cash flows

1000 €20222021
Cash flow from operating activities
Operating profit26 9058 645
Adjustments to operating profit8 8068 537
Changes in working capital-17 000-1 571
Interest paid-752-511
Interest received6546
Dividends received52
Income taxes paid-2 382-1 506
Net cash generated from operating activities15 64813 643
Cash flow from investing activities
Investments in tangible and intangible assets-12 063-9 693
Proceeds from sale of tangible and intangible assets8258
Acquisition of subsidiaries minus the company’s cash at the time of acquisition-226-2 405
Other investments140
Net cash used in investing activities-12 194-12 041
Cash flow from financing activities
Proceeds from short-term borrowings30439
Repayments of short-term borrowings-16-46
Proceeds from long-term borrowings2 000196
Repayment of long-term borrowings-3 379-2 403
Dividends paid and repayment of unrestricted equity-3 423-3 317
Share issue0176
Net cash used in financing activities-4 514-5 355
Cash and cash equivalents at the beginning of the period6 1199 871
Change during the period-1 060-3 752
Cash and cash equivalents at the end
of the period
5 0596 119