| 2016 | 2015 | |
|---|---|---|
| A) CASH FLOWS FROM OPERATING ACTIVITIE | 58,318 | 73,455 |
| Profit before tax | 33,389 | 39,360 |
| Adjustments to the result | 50,814 | 43,853 |
| Depreciation of fixed assets (+) | 55,720 | 53,919 |
| Valuation adjustments for impairment | 1,322 | (208) |
| Variation of provisions | 3,920 | (818) |
| Entering subsidies (-) | (6,900) | (6,891) |
| Results of fixed assets removed or disposed of | 3,533 | 2,463 |
| Results of financial instruments removed or disposed of | 47 | (10,719) |
| Financial income (-) | (5,112) | (5,303) |
| Financial expenses (+) | 5,326 | 15,411 |
| Change in fair value of financial instruments | (1,276) | (1,819) |
| Income from return of concessions (-) | (1,608) | (995) |
| Entering advances received for sales in results | (4,304) | (4,268) |
| Other income and expenses | 145 | 3,081 |
| Changes in working capital | (7,928) | (3,244) |
| Stocks | (5) | (15) |
| Trade debtors and other receivables | 7,184 | (1,254) |
| Other current assets | 131 | 339 |
| Creditors and other receivables | (984) | (5,013) |
| Other current liabilities | (2,351) | 1,549 |
| Other non-current assets and liabilities | (11,904) | 1,150 |
| Cash flows from operating activities | (17,956) | (6,514) |
| Interest payments (-) | (5,544) | (13,844) |
| Dividends received (+) | 1,384 | 1,750 |
| Interest received (+) | 1,288 | 2,955 |
| Late payment interest due to fee disputes (-) | (110) | (4,387) |
| Late payment interest received due to fee disputes (+) | 1,636 | 245 |
| Tax on profits received/paid | 66 | 6,785 |
| Other payments received/made | (16,677) | (18) |
| B) CASH FLOWS FROM INVESTMENT ACTIVITIES | (4,269) | 18,531 |
| Payments for investments (-) | (25,995) | (44,354) |
| Group and associated companies | - | (2,000) |
| Intangible assets | (2,934) | (3,130) |
| Tangible fixed assets | (23,062) | (39,043) |
| Real estate investments | - | - |
| Other financial assets | - | (181) |
| Non-current assets held for sale | - | - |
| Other assets | - | - |
| Proceeds from divestitures (+) | 21,726 | 62,885 |
| Group and associated companies | 57 | 15,468 |
| Intangible assets | 1,531 | - |
| Tangible fixed assets | - | 5 |
| Real estate investments | - | - |
| Other financial assets | 18,000 | 44,000 |
| Non-current assets held for sale | - | - |
| Other assets | 2,139 | 3,412 |
| C) CASH FLOWS FROM FINANCING ACTIVITIES | (43,738) | (70,642) |
| Equity instruments received and paid | 79 | - |
| Subsidies, donations and legacies received | 79 | - |
| Financial liability instruments received and paid | (43,817) | (70,642) |
| Issue | 1,183 | 525 |
| Debt with credit institutions (+) | - | - |
| Debt with group and associated companies (+) | - | - |
| Other payables (+) | 1,183 | 525 |
| Repayment and depreciation of: | (45,000) | (71,167) |
| Debt with credit institutions (-) | (45,000) | (71,167) |
| Debt with group and associated companies (-) | - | - |
| Other payables (-) | - | - |
| NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (A+B+C) | 10,311 | 21,344 |
| Cash and cash equivalents at beginning of FY | 31,446 | 10,102 |
| Cash and cash equivalents at end of FY | 41,757 | 31,446 |