XYZ Group

Statement of cash flows for the year ended December 31, 20X5
(in thousands of Euros)
20X5
Cash flows from operating activities (direct method)
Cash received from customers XX,XXX
Cash paid to suppliers (X,XXX)
Cash paid to employees (XX,XXX)
Cash generated from operations X,XXX
Interest paid (XXX)
Income taxes paid (XXX)
Net cash from /used in operating activities X,XXX

Cash flows from investing activities

Acquisition of subsidiary X, net of cash acquired (XXX)
Purchase of PPE (XXX)
Proceeds from sale of PPE XX
Interest received XXX
Dividends received XXX
Net cash from / used in investing activities (XXX)

Cash flows from financing activities

Proceeds from issue of share capital XXX
Proceeds from long-term borrowings XXX
Payment of finance lease liabilities (XX)
Dividends paid (X,XXX)
Net cash from / used in financing activities (XXX)

Effect of exchange rate changes on cash and cash equivalents (XX)

Net increase in cash and cash equivalents XX
Cash and cash equivalents at beginning of period (Note XY) XXX
Cash and cash equivalents at end of period (Note XY) XXX
Note XY

Cash and cash equivalents included in the statement of cash flows consist of cash on hand,
bank accounts and short-term investments in money market instruments and comprise the
following amounts:

20X5
Cash on hand XXX
Bank accounts XXX
Short-term investments XXX
Cash and cash equivalents as previously reported XXX
Effect of exchange rate changes XXX
Cash and cash equivalents as restated XXX