Their amount was positively influenced primarily by the gross profit generated by the Group in the amount of PLN 87,342 thousand and adjustments made in the amount of PLN 47,510 thousand – including interest costs of PLN 20,230 thousand. While, the income tax paid reduced cash flows from operating activities (PLN 16,381 thousand).
Cash flows
The Śnieżka Group
In 2024, the Group generated negative cash flows of PLN 10,042 thousand (after adjustment for exchange rate differences from the translation of foreign units) against also positive cash flows in the amount of PLN 45,749 thousand a year earlier.
At the end of the reporting period, cash and cash equivalents of the Group amounted to PLN 55,623 thousand. This performance was affected by:
The Group companies spent a total of PLN 37,025 thousand for the purchase of tangible fixed assets and intangible assets. The vast majority of this amount is accounted for by expenses incurred in the areas of the car fleet, production and IT.
In addition to the proceeds from the existing lines of credit in the amount of PLN 64,187 thousand, – resulting from investment needs and current operating activities – the greatest impact on cash flows from financial activities had a partial repayment of loans (PLN 84,716 thousand), including interest paid (PLN 21,113 thousand) and dividends paid (PLN 45,437 thousand).
Fabryka Farb i Lakierów Śnieżka SA
In 2024, the Company generated positive cash flows of PLN 254 thousand against negative ones of PLN 802 thousand a year earlier.
At the end of the reporting period, the Company's cash amounted to PLN 999 thousand. They were affected by:
Their value was influenced primarily by gross profit after adjustments in the amount of PLN 112,523 thousand and income tax paid (PLN 11,209 thousand).
The Company spent PLN 21,087 thousand, of which more than half (60%) concerned investment areas such as production, IT and logistics. The Company in turn recorded proceeds from dividends received from subsidiaries in the amount of PLN 44,843 thousand.
The greatest positive impact on this item had proceeds from existing lines of credit and loans, totalling PLN 125,557 thousand. The greatest negative impact was due to: a partial repayment of loans and borrowings (PLN 179,223 thousand), a repayment of interest (PLN 30,905 thousand) and the payment of dividends (PLN 39,998 thousand).