87
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
Consolidated cash flow statements
The consolidated cash flow statements for Donnafugata Resort, S.R.L and Sotogrande, S.A. for 2014 and 2015 are detailed below:
2015
Donnafugata Resort, S.R.L.
Operating activities:
Profit (loss) before tax
(2,005)
Adjustments
846
Net variation in assets and liabilities
(4,862)
Total net cash flow from operating activities I
(6,021)
Finance income
208
Disinvestment
-
Non-current financial investments
-
Total net cash flow from investment activities II
208
Financing activities
-
Interest paid on debts
(208)
Variation in:
-
Bank borrowings
-
Total net cash flow from financing activities III
(208)
GROSS INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (I+II+III)
(6,021)
Cash and cash equivalents at the start of the financial year
6,022
Cash and cash equivalents at end of year
1
2014
Sotogrande,
S.A.
Donnafugata
Resort, S.R.L.
Operating activities:
Profit (loss) before tax
36,995
(4,120)
Adjustments
(42,701)
2,081
Net variation in assets and liabilities
7,295
4,210
Total net cash flow from operating activities I
1,589
2,171
Finance income
-
495
Disinvestment
-
-
Non-current financial investments
176,412
-
Total net cash flow from investment activities II
176,412
495
Financing activities
-
-
Interest paid on debts
(429)
(900)
Variation in:
-
-
Bank borrowings
(2,054)
-
Total net cash flow from financing activities III
(2,483)
(900)
GROSS INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (I+II+III)
175,518
1,766
Cash and cash equivalents at the start of the financial year
894
4,256
Cash and cash equivalents at end of year
176,412
6,022
