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Condensed Consolidated Unaudited Interim Statements of Cash Flows
€ in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2018
EUR (€)
Jun. 30, 2017
EUR (€)
Dec. 31, 2017
EUR (€)
Cash flows from operating activities        
Loss for the period | €   € (1,134) € (5,409) € (6,641) [1]
Adjustments for:        
Net financing expenses | €   916 5,762 9,228 [1]
Depreciation | €   2,767 2,198 4,518 [1]
Share-based payment transactions | €   2 2 5
Share of losses (profits) of equity accounted investees | €   (501) 73 (1,531) [1]
Payment of interest on loan from an equity accounted investee | €   1,176 407
Change in trade receivables and other receivables | €   156 299 2,012
Change in other assets | €   135 804 126
Change in Contract asset from concession project | €   622 (84)
Change in accrued severance pay, net | €   17 1 2
Change in trade payables | €   328 (215) (258)
Change in other payables | €   (310) (2,282) (2,655)
Income tax expense (tax benefit) | €   (182) 649 372
Income taxes paid | €   (16) (42)
Interest received | €   888 225 505
Interest paid | €   (2,597) (1,514) (3,659)
Net cash from (used in) operating activities | €   2,267 593 2,305
Cash flows from investing activities        
Acquisition of fixed assets | €   (2,606) (4,116) (7,576)
Acquisition of subsidiary, net of cash acquired | €   (9,851)
Advances on account of investments | €   (8,978) (8,000)
Repayment of loan from an equity accounted investee | €   490
Acquisition of marketable securities | €   (6,677) (6,677)
Proceeds from marketable securities | €   1,277
Decrease (increase) in restricted cash, net | €   1,604 3,226 3,225
Proceeds of Forward contract | €   407
Settlement of derivatives, net | €   (184) (2,027) 620
Loans to others | €   (361) (361)
Net cash used in investing activities | €   (289) (18,933) (27,343)
Cash flows from financing activities        
Repayment of long-term loans and finance lease Obligations | €   (14,727) (746) (2,224)
Proceeds from issuance of Debentures, net | €   31,175 31,175
Repayment of Debentures | €   (4,842)
Proceeds from long term loans, net | €   34,501 5,419 5,575
Repurchase of own shares | €   (14) (14)
Net cash from financing activities | €   19,774 35,834 29,670
Exchange differences on balance of cash and cash equivalents | €   (104) (1,836) (3,156)
Increase (decrease) in cash and cash equivalents | €   21,648 15,658 1,476
Cash and cash equivalents at the beginning of the period | €   23,962 [1] 22,486 22,486
Cash and cash equivalents at the end of the period | €   € 45,610 € 38,144 € 23,962 [1]
USD [Member]        
Cash flows from operating activities        
Loss for the period | $ [2] $ (1,324)      
Adjustments for:        
Net financing expenses | $ [2] 1,068      
Depreciation | $ [2] 3,226      
Share-based payment transactions | $ [2] 3      
Share of losses (profits) of equity accounted investees | $ [2] (584)      
Payment of interest on loan from an equity accounted investee | $ [2] 1,371      
Change in trade receivables and other receivables | $ [2] 182      
Change in other assets | $ [2] 157      
Change in Contract asset from concession project | $ [2] 725      
Change in accrued severance pay, net | $ [2] 20      
Change in trade payables | $ [2] 382      
Change in other payables | $ [2] (361)      
Income tax expense (tax benefit) | $ [2] (212)      
Income taxes paid | $ [2] (19)      
Interest received | $ [2] 1,035      
Interest paid | $ [2] (3,028)      
Net cash from (used in) operating activities | $ [2] 2,641      
Cash flows from investing activities        
Acquisition of fixed assets | $ [2] (3,038)      
Acquisition of subsidiary, net of cash acquired | $ [2]      
Advances on account of investments | $ [2]      
Repayment of loan from an equity accounted investee | $ [2] 571      
Acquisition of marketable securities | $ [2]      
Proceeds from marketable securities | $ [2]      
Decrease (increase) in restricted cash, net | $ [2] 1,870      
Proceeds of Forward contract | $ [2] 474      
Settlement of derivatives, net | $ [2] (215)      
Loans to others | $ [2]      
Net cash used in investing activities | $ [2] (338)      
Cash flows from financing activities        
Repayment of long-term loans and finance lease Obligations | $ [2] (17,168)      
Proceeds from issuance of Debentures, net | $ [2]      
Repayment of Debentures | $ [2]      
Proceeds from long term loans, net | $ [2] 40,221      
Repurchase of own shares | $ [2]      
Net cash from financing activities | $ [2] 23,053      
Exchange differences on balance of cash and cash equivalents | $ [2] (119)      
Increase (decrease) in cash and cash equivalents | $ [2] 25,237      
Cash and cash equivalents at the beginning of the period | $ [2] 27,934      
Cash and cash equivalents at the end of the period | $ [2] $ 53,171      
[1] The data was taken from the audited annual financial statements.
[2] Convenience translation into US$ (exchange rate as at June 30, 2018: euro 1 = US$ 1.166)