As of the 31st of December 2020 the Budimex Group had cash on bank accounts and in hand in the total amount of PLN 2,384,398 thousand, which for the purpose of the cash flow statement was reduced by restricted cash of PLN 302,900 thousand. During 2021, the Group recorded positive net cash flows of PLN 604,109 thousand and had cash of PLN 2,715,795 thousand as at 31 December 2021, including restricted cash of PLN 30,910 thousand.
The increase in cash was due to:
- Positive cash flow from operating activities of PLN 765,445 thousand.
- Positive cash flows from investing activities in the amount of PLN 827,043 thousand, which resulted mainly from the sale of Budimex Nieruchomości Sp. z o.o.
- Negative cash flows from financing activities in the amount of PLN 988,379 thousand, which consisted mainly of the payment of dividends and repayment of leasing and credit liabilities.