Consolidated cash flow statement

EUR million
Note
2022
2021
Earnings before interest and tax (EBIT)
0.0
-0.7
Depreciation and amortisation
2.3
2.3
Cash flow from operating activities before working capital
2.3
1.6
 
Working capital
 
Change in trade receivables
-4.2
1.5
Change in contract work in progress and payments from clients, net
0.1
-1.2
Change in trade payables
0.8
1.7
Change in other working capital items
-0.2
1.0
Change in working capital, total
-3.5
3.0
 
Tax paid/received, net
0.3
-1.0
Financial items, net
-0.2
0.2
CASH FLOW FROM OPERATING ACTIVITIES
-1.1
3.8
 
Investments in tangible assets 
9
-2.2
-1.7
Investments in other fixed asset
10
0.0
0.1
CASH FLOW FROM INVESTING ACTIVITIES
-2.2
-1.6
 
Repayment of mortgage loans
-0.1
-0.1
Dividends paid
-
-0.1
CASH FLOW FROM FINANCING ACTIVITIES
-0.1
-0.2
 
NET CASH FLOW FOR THE YEAR
-3.4
2.0
 
Cash and cash equivalents at 1 January
30.7
27.6
Exchange adjustment of cash at bank and in hand
0.3
1.1
CASH AND CASH EQUIVALENTS AT 31 DECEMBER
 
27.6
30.7
The cash flow statement cannot be immediately derived from the published financial records.
Accounting policies
The cash flow statement shows DHI's consolidated cash flows for the year broken down by operating, investing and financing activities, changes for the year in cash and cash equivalents as well as cash and cash equivalents at the beginning and end of the year.
Cash flows from operating activities
Cash flows from operating activities are calculated as earnings before interest and tax (EBIT), adjusted for changes in working capital and non-cash operating items such as depreciation, amortisation, and provisions. Working capital comprises current assets less short-term debt excluding items included in cash and cash equivalents.
Cash flows from investing activities
Cash flows from investing activities comprise cash flows from acquisitions and disposals of intangible assets, property, plant and equipment as well as other fixed asset investments.
Cash flows from financing activities
Cash flows from financing activities comprise cash flows from the raising and repayment of long-term debt as well as payments to and from the shareholder.
Cash and cash equivalents
Cash and cash equivalents comprise ”Cash at bank and in hand”.
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