Consolidated statement of cash flows

EUR 1,000 1.1.-31.12.2015 1.1.-31.12.2014
OPERATING CASH FLOW    
Cash receipts from customers 138,557 131,858
Operating expenses paid -126,897 -121,506
Operating cash flow before financial items and taxes 11,659 10,352
     
Interest and payment paid for financial expenses -636 -743
Interest received 40 24
Income taxes paid -1,131 -1,879
Operating cash flow (A) 9,932 7,754
     
INVESTING CASH FLOW    
Purchase of tangible and intangible assets -1,621 -885
Acquisition of subsidiaries -1,907 -1,396
Proceeds from sale of tangible and intangible assets 1 80
Proceeds from sale of investments 1 1
Loan receivables, decrease 1 1
Investing cash flow (B) -3,526 -2,200
     
Cash flow after investments (A+B) 6,406 5,554
     
FINANCING CASH FLOW    
Purchase of own shares -75 0
Short-term loans, increase 2,567 266
Short-term loans, decrease -8,687 -4,562
Long-term loans, increase 10,000 3,048
Payment of finance lease liabilities -985 -879
Dividend paid and other profit distribution -2,981 -2,169
Financing cash flow (C) -160 -4,295
     
Variation in cash (A+B+C) increase (+) / decrease (-) 6,246 1,258
     
Assets at the beginning of the financial period 2,575 975
Exchange gains or losses on cash and cash equivalents -14 341
Assets at the end of the financial period 8,807 2,575

The notes are an integral part of the financial statements.