Cash flow statement

  1 Jan–31 Dec 2013 1 Jan–31 Dec 2012
Cash flow from business operations:    
Profit (loss) before extraordinary items (+/-) 259 553,23 797 588,15
Adjustments to operating profit (+/–):    
Depreciation according to plan 51 697,76 50 587,49
Financial income and expenses -86 881,48 -208 187,84
Operating cash flow before change in working capital 224 369,51 639 987,80
Change in working capital:    
Increase/decrease in interest-free short-term receivables -2 744 546,72 1 068 657,74
Increase/decrease in interest-free short-term liabilities 296 951,91 -1 384 979,45
Cash flow from operating activities before financial items and taxes -2 223 225,30 323 666,09
     
Interest and other financial expenses paid for operating activities -11 013,20 -15 760,53
Interest received from operating activities 160 568,97 247 147,73
Direct taxes paid (-) -160 488,46 -229 298,39
Cash flow before extraordinary items -2 234 157,99 325 754,90
Cash flow from business operations (A) -2 234 157,99 325 754,90
     
Cash flow from investment:
   
Investments in tangible and intangible assets (–) -31 098,84 -16 525,87
Cash flow in investing activities (B) -31 098,84 -16 525,87
     
Cash flow from financing activities:    
Cash flow from financing activities (C) 0,00 0,00
     
Change in cash and cash equivalents (A+B+C) increase (+) / decrease (–) -2 265 256,83 309 229,03
     
Cash and cash equivalents at the beginning of period 14 614 217,47 14 304 988,44
Cash and cash equivalents at the end of period 12 348 960,64 14 614 217,47
  -2 265 256,83 309 229,03
     
Cash and cash equivalents at the end of period include time deposits 3 309 149,59 12 912 890,54