(all amounts in Euro thousands)
| |
2016 |
2015 |
2016 |
2015 |
| Profit after taxes |
127,330 |
35,296 |
16,819 |
60,142 |
| Adjustments for: |
| Taxes (note 8) |
-63,805 |
6,848 |
5,887 |
3,477 |
| Depreciation (note 11) |
109,550 |
105,171 |
14,699 |
13,488 |
| Amortization of intangibles (note 13) |
7,034 |
8,773 |
267 |
275 |
| Amortization of government grants received (note 27) |
-291 |
-294 |
-213 |
-222 |
| Impairment of assets (note 11, 13) |
10,814 |
17,045 |
- |
- |
| Net loss/(profit) on sale of property, plant and equipment (note 4) |
3,337 |
2,166 |
-52 |
-140 |
| Provision for impairment of debtors charged to income statement (note 20) |
-587 |
793 |
-719 |
-220 |
| Provision for inventory obsolescence (note 19) |
122 |
3,943 |
-161 |
3,504 |
| Provision for restoration of quarries (note 26a) |
724 |
2,011 |
314 |
-34 |
| Provision for litigation (note 26c) |
172 |
497 |
132 |
- |
| Other provisions |
4,655 |
5,975 |
2,092 |
2,035 |
| Provision for retirement and termination benefit obligations |
4,306 |
3,362 |
716 |
660 |
| Decrease of investment property (note 12) |
243 |
300 |
335 |
286 |
| Expenses from participations and investments |
- |
2,805 |
- |
- |
| Income from participations and investments |
-1,580 |
-1,565 |
-107 |
-134 |
| Dividend income |
-346 |
- |
-29,272 |
-55,112 |
| Finance income (note 6) |
-1,569 |
-1,767 |
-24 |
-52 |
| Interest expense and related expenses (note 6) |
66,502 |
65,270 |
22,041 |
23,105 |
| Net losses on financial instruments (note 6) |
284 |
21,921 |
- |
- |
| Losses/(gains) from foreign exchange differences (note 6) |
24,367 |
-38,097 |
-1,021 |
-628 |
| Share stock options (note 7) |
1,620 |
1,010 |
1,376 |
876 |
| Share in profit of associates and joint ventures (note 15) |
-492 |
-5,815 |
- |
- |
| Changes in working capital: |
| (Increase)/decrease in inventories |
-5,091 |
-8,402 |
13,075 |
-1,356 |
| Increase in trade and other receivables |
-48,341 |
-5,876 |
-5,589 |
-15,367 |
| (Increase)/decrease in operating long-term receivables and payables |
-344 |
-3,128 |
37 |
- |
| Increase/(decrease) in trade payables |
36,669 |
19,399 |
1,208 |
-5,226 |
| Cash generated from operations |
275,283 |
237,641 |
41,840 |
29,357 |
| In the cash flow statement, proceeds from the sale of tangible and intangible assets, and investment property |
| Net book amount |
4,361 |
3,471 |
168 |
216 |
| Net (losses)/gains on sales (note 4) |
-3,337 |
-2,166 |
52 |
140 |
| Proceeds from disposals |
1,024 |
1,305 |
220 |
356 |