Consolidated statement of cash flow

Consolidated statement of cash flow of the Budimex Group

Cash and cash equivalents included in the Statement of Cash Flow comprise cash on hand and bank deposits payable on demand and deposits easily converted into a given amount of cash or which are subject to a slight risk of value change. In the Group, included in the cash of restricted use are mainly cash items representing:

• security for bank guarantees;
• amounts gathered on escrow accounts and blocked accounts of development companies;
• amounts gathered on trust and current accounts in the part payable to partners implementing construction contracts in cooperation with a Group company.

The Budimex Group started the year 2017 with cash at bank and in hand in the total amount of PLN 2,715,093 thousand. The net cash flow for 2017 was negative and amounted to PLN 560,867 thousand. As of 31 December 2017, the Group’s reported cash balance was PLN 2,126,809 thousand, of which the cash of restricted use was PLN 164,990 thousand. In 2017, the balance of cash from operating activities was PLN 195,796 thousand. Cash flows from investing activities was negative and amounted to PLN 356,583 thousand.

PLN 2,126,809 thousand cash at bank and in hand at the end of 2017.

The cash flow from financing activities for 2017 showed a negative balance which amounted to PLN 400,080 thousand and resulted mainly from the 2016 dividend payment.