Consolidated statement of cash flow
US$ Thousand | 2017 | 2016 |
---|---|---|
|
(38 083) |
(12 838) |
Depreciation, amortisation and impairment |
48 266 |
44 855 |
Current and deferred income tax |
780 |
835 |
Financial charges (income) |
25 260 |
22 619 |
Fair value gains on foreign currency retranslation |
700 |
(254) |
Profit on disposal of fixed assets |
(1 917) |
- |
Profit share of equity-accounted investment |
(85) |
(230) |
|
|
|
Movement in inventories |
(2 639) |
(2 581) |
Movement in amounts receivable |
(25 220) |
14 549 |
Movement in amounts payable |
5 650 |
9 928 |
Taxes paid |
(675) |
(1 428) |
Net interest (paid) |
(23 620) |
(17 872) |
Movement in other financial liabilities |
- |
(2 065) |
Movement in share option reserve |
275 |
149 |
|
|
|
Acquisition of fixed assets |
(148 102) |
(151 198) |
Proceeds from disposal of fixed assets |
105 001 |
- |
Disposal of equity-accounted investee ETL |
132 |
1 238 |
Dividend from equity-accounted investee ETL |
116 |
330 |
Movement in financing to equity accounted investee |
- |
433 |
|
|
|
Share capital increase |
66 164 |
2 921 |
Other changes in shareholders’ equity |
252 |
(247) |
Treasury shares |
- |
(609) |
Dividends paid |
- |
(12 412) |
Parent company financing |
(10 001) |
10 000 |
Movement in other financial payable |
(2 000) |
(1 000) |
Bank loan repayments |
(127 258) |
(195 852) |
Bank loan draw-downs |
58 098 |
270 606 |
Inception of a financial lease |
68 000 |
- |
Repayments of financial lease |
(1 589) |
- |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents net of bank overdrafts at the beginning of the year |
20 164 |
40 287 |
Cash and cash equivalents net of bank overdrafts at the end of the year |
17 669 |
20 164 |
Cash and cash equivalents |
29 694 |
31 632 |
Bank overdrafts |
(12 025) |
(11 468) |
The manager responsible for preparing the company's financial reports, Mr Carlos Balestra di Mottola, in his capacity of Chief Financial Officer of d’Amico International Shipping SA (the “Company”), declares that the accounting information contained in this document corresponds to the results documented in the books, accounting and other records of the Company.
Carlos Balestra di Mottola
Chief Financial Officer