In thousands of kroons I HY 2001 I HY 2000
OPERATING ACTIVITIES
Profit before income tax 18 512 13 702
Adjustments for:
Accumulated depreciation for the period 10 756 5 908
Gain on sale of shares (310)
Gains and losses on sale of non-current assets (191) 65
Interest expense 3 350 1 428
Operating profit before changes in working capita 32 427 20 793
Change in current assets (13 649) (27 956)
Change in current liabilities (12 320) 1 327
Cash generated from operations 6 458 (5 836)
Interest paid (3 167) (1 435)
NET CASH FROM OPERATING ACTIVITIES 3 291 (7 271)
INVESTING ACTIVITIES
Acquisition of non-current assets (20 884) (20 708)
Sale of non-current assets 490 116
Acquisition of shares and other securities (819)
Sale of shares and other securities 1 350
NET CASH USED IN INVESTING ACTIVITIES (20 394) (20 061)
FINANCING ACTIVITIES
Proceeds from borrowing 5 000
Repayment of loans (5 680) (578)
Settlement of finance lease liabilities (632) (320)
Change in the overdraft balance 14 661
Võlakirjade emiteerimine 31 293
NET CASH FROM/USED IN FINANCING ACTIVITIES 13 349 30 395
NET CHANGE IN CASH (3 754) 3 063
CASH AT BEGINNING OF PERIOD 4 908 2 946
CASH AT END OF PERIOD 1 154 6 009
Andrus Aljas
CFO
+372 44 78 355