Page 38 - CODIC Rapport Annuel 2014/2015

C3. onsolidated statement of cash flows (Thousands of euros)

30/04/2015 30/04/2014
restated*

Cash flows linked to operating activities 92,642 20,285
Cash inflows from projects -53,612 -25,922
Cash outflows on projects (direct costs)
Interest paid -7,753 -4,154
-4,727 -1,156
of which capitalised on projects
Interest received 19 29
Tax paid -3,108 -42
General expenses -3,919 -3,212
Employee benefits -6,401 -5,415
Others -1,335 17
16,534 -18,414

Cash flows linked to investment activities -57 -27
Acquisition of non-current assets 27 17
Disposals of non-current assets -30 -9

Cash flows linked to financing activities 0 0
Transactions with non-controlling interests 2,969 0
Capital increase/reduction 0
Dividends paid by the Company to its shareholders 0 0
Acquisition and disposal of own shares -1,851 25,920
New borrowings 59,025 -11,737
Repayment of borrowings -42,858 14,183
17,285

Change in cash and cash equivalents 33,789 -4,241
Opening balance 7,972 12,213
Closing balance
41,761 7,972
* Figures restated according to IFRS standard 11 Joint Arrangements

36 Codic Annual Report 2014/2015