In thousands of kroons 9m 2001 9m 2000
OPERATING ACTIVITIES
Profit before income tax 23,675 24,024
Adjustments for:
Accumulated depreciation for the period 16,574 9,014
Gain on sale of shares -341
Gains and losses on sale of non-current assets -231 255
Interest expense 6,138 2,229
Operating profit before changes in working capital 46,156 35,181
Change in current assets -20,229 -27,765
Change in current liabilities -9,795 -5,975
Cash generated from operations 16,132 1,441
Interest paid -6,010 -2,518
NET CASH FROM OPERATING ACTIVITIES 10,122 -1,077
INVESTING ACTIVITIES
Acquisition of non-current assets -32,486 -54,197
Sale of non-current assets 1,025 598
Acquisition of shares and other securities -5,098
Sale of shares and other securities 1,350
NET CASH USED IN INVESTING ACTIVITIES -31,461 -57,347
FINANCING ACTIVITIES
Proceeds from borrowing 5,872 49,591
Repayment of loans -6,258 -18,545
Settlement of finance lease liabilities -541 -389
Change in the overdraft balance 17,927
Võlakirjade emiteerimine 31,293
NET CASH FROM/USED IN FINANCING ACTIVITIES 17,000 61,950
NET CHANGE IN CASH -4,339 3,526
CASH AT BEGINNING OF PERIOD 4,908 2,946
CASH AT END OF PERIOD 569 6,472
Andrus Aljas
CFO
+372 44 78 355