Consolidated statement of cash flows Amounts in EUR thousand Note 2022 2021 1 January to 31 December restated 1 Net income (loss) before income taxes 74 952 13 218 Adjustments to reconcile net income (loss) before income tax to net cash flows: Corporate income tax paid (10 435) (3 726) Depreciation and amortization 15,16 5 437 5 073 Net (gain)/loss on disposal of buildings, plant and equipment (355) (19) Net (gain)/loss on fair value of power derivatives 23, 30 (22 388) (5 699) Net finance expense 13 9 019 8 593 Change in inventory, trade receivables and trade payables (20 625) 1 916 Change in other receivables, prepayments, and other payables 5 156 (3 558) Change in provisions 1 254 (600) Other changes (499) (8) Cash flows from operating activities 41 516 15 188 Payments for buildings, plant and equipment, and intangible assets 15,16 (7 963) (5 646) Proceeds from sale of assets 20 19 Interest received 354 292 Cash flows from investing activities (7 589) (5 335) Proceeds from issuance of bonds 22,23 - 70 000 Repayment of Bond loan 22,23 - (56 500) Repayment of shareholder loan 22,23 (21 977) (15 000) Net proceeds from factoring/export financing 22 (1 576) 2 741 Interest, placement fee and other financial expenses paid (11 091) (9 219) Payment of principal portion of lease liabilities 12 (1 263) (1 360) Buy back bonds (roll-over existing bondholders) - (2 800) Payment for shares and bonds bought back - 2 800 Payments to companys shareholders (2 813) - Cash flows from financing activities (38 720) (9 338) Net increase (decrease) in cash and cash equivalents (4 793) 515 Net foreign exchange differences 36 106 Cash and cash equivalents including restricted cash at 1 January 23 637 23 016 Cash and cash equivalents including restricted cash as of 31 December 21 18 881 23 637 Restricted cash at 1 January 112 277 Change in restricted cash 82 (165) Restricted cash as of 31 December 21 194 112 Total cash and cash equivalents excluding restricted cash 31 December 21 18 687 23 525 Fiven Annual Report 2022 Financial statements 31
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