Cash flow statement
| 1 January – 31 December 2019 | 1 January – 31 December 2018 | |
| Cash flow from business operations: | ||
| Profit (loss) before extraordinary items (+/–) | -770,028.84 | -671,752.61 |
| Adjustments to operating profit (+/–): | ||
| Depreciation according to plan | 76,396.39 | 88,909.60 |
| Financial income and expenses | -67,898.02 | -13,696.20 |
| Operating cash flow before change in working capital | -761,530.47 | -596,539.21 |
| Change in working capital: | ||
| Increase/decrease in interest-free short-term receivables | -1,248,446.64 | 1,512,371.01 |
| Increase/decrease in interest-free short-term liabilities | 1,278,485.79 | 130,346.75 |
| Cash flow from operating activities before financial items and taxes | -731,491.32 | 1,046,178.55 |
| Interest and other financial expenses paid for operating activities | -1,277.45 | -1,883.96 |
| Interest received from operating activities | 69,175.47 | 15,580.16 |
| Direct taxes paid (-) | 0.00 | 99.06 |
| Cash flow before extraordinary items | -663,593.30 | 1,059,973.81 |
| Cash flow from business operations (A) | -663,593.30 | 1,059,973.81 |
| Cash flow from investments: | ||
| Investments in tangible and intangible assets (-) | -33,873.67 | -174,707.76 |
| Cash flow from investments (B) | -33,873.67 | -174,707.76 |
| Cash flow from financing activities: | ||
| Dividends paid and other distribution of profits (-) | -4,531,871.73 | 0.00 |
| Cash flow from financing activities (C) | -4,531,871.73 | 0.00 |
| Change in cash and cash equivalents (A+B+C) increase (+) / decrease (-) | -5,229,338.70 | 885,266.05 |
| Cash and cash equivalents at the beginning of period | 16,662,311.38 | 15,777,045.33 |
| Cash and cash equivalents at the end of period | 11,432,972.68 | 16,662,311.38 |
| -5,229,338.70 | 885,266.05 |
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