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AS Tallink Grupp
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529900QRMWAKKR3L9W75
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Majandustegevusalad
Hulgi- ja jaekaubandus, Veondus ja laondus, Majutus ja toitlustus, Haldus- ja abitegevused
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Teate ID
5001
Manused
Esitamise kuupäev ja aeg
14.05.2015 09:50:00
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Pealkiri
AS-i Tallink Grupp 2015. majandusaasta auditeerimata konsolideeritud I kvartali vahearuanne
Teade
Tallinn, 2015-05-14 08:50 CEST (GLOBE NEWSWIRE) --
AS-i Tallink Grupp 2015. majandusaasta auditeerimata konsolideeritud I kvartali
vahearuanne
AS Tallink Grupp ja tema tütarettevõtted (Kontsern) vedasid 2015. majandusaasta
esimeses kvartalis (1. jaanuar – 31. märts) kokku 1,8 miljonit reisijat, mida
on 5,9% vähem kui sama perioodi jooksul eelmisel aastal. Kontserni
auditeerimata müügitulu kasvas 1,9 miljoni või 1% võrra kokku 190,2 miljoni
euroni, EBITDA kasvas 15,0 miljoni euro või 335,0% võrra, kokku 19,5 miljoni
euroni. Kontsern tegi eelmise majandusaasta jooksul erinevaid laevade
opereerimist puudutavaid muudatusi, mis avaldavad enim mõju kasumlikkusele
esimeses kvartalis, mis on ühtlasi madalhooaeg. Vaatamata reisijate arvu
kahanemisele tõid tehtud muudatused kaasa müügitulu kasvu ning kasumlikkuse
paranemise läbi kulude kokkuhoiu.
Esimeses kvartalis kasvas Eesti-Soome vahelistel laevaliinidel müügitulu 2,7%
tuginedes 21,3% kaubaveoühikute kasvule. Osa liini kaubaveoühikute kasvust tuli
liini vahetanud laevalt Sea Wind. Eesti-Rootsi vahelisel laevaliinil, kus
laevade mahutavus on eelmise aastaga võrreldes madalam, oli näha reisijate veo
langust 9,9% ning kaubaveoühikute arv langes 10,4%. Läti-Rootsi laevaliinil oli
reisijate veo langus 41,2%, veetud kaubaveoühikute arv kahanes 59,6% võrra,
veetud sõiduautode arv kahanes 33,0% ning müügitulu kahanes 39,4% võrreldes
eelmise aasta sama perioodiga. Reisijate ja kaubaveo langus Läti-Rootsi liinil
on tingitud asjaolust, et alates 2014 augusti algusest opereerib liinil ainult
üks laev, Isabelle. Esimese kvartali jooksul avaldus surve piletihindadele
kõikidel laevaliinidel, mis tulenes konkurentide agressiivsest hinnastamisest.
Reisijate arvu langus Vene turult, mis algas eelmise aasta teises kvartalis,
jätkus.
Esimeses kvartalis oli välja prahitud kokku kuus laeva. Tänu suuremale prahitud
laevade arvule suurenes müügitulu laevade prahtimisest 7,3 miljoni euro või
85,9% võrra, kokku 15,7 miljoni euroni võrreldes eelmise aasta sama perioodiga.
Välja prahitud laevadest kaks, Silja Festival ja Regina Baltica, on plaanitud
müüa teises kvartalis.
Laevade avalike alade ning restoranide ja poodide kontseptsioonide uuendused
koos muudatustega opereerimises aitasid tõsta müügitulu pardal tarbimisest 3,5%
reisija kohta. Segmendi tulem paranes kõigis segmentides ning oli 14,9 miljonit
eurot kõrgem kui eelmise aasta samal perioodil.
2015. majandusaasta esimese kvartali brutokasum oli 26,1 miljonit eurot ning
EBITDA 19,5 miljonit eurot vastavalt 14,3 miljonit eurot ja 15,0 miljonit eurot
rohkem kui eelmise majandusaasta samal perioodil. Tulemuse paranemine on
põhiliselt tingitud opereerimisega seotud kulude kahanemisest.
Kontserni auditeerimata puhaskahjum 2015. majandusaasta esimeses kvartalis oli
13,3 miljonit eurot, ehk 0,02 eurot aktsia kohta. Eelmise majandusaasta samal
perioodil oli kahjum 23,4 miljonit eurot ehk 0,03 eurot aktsia kohta.
Käesoleva majandusaasta esimeses kvartalis kasvas rahavoog äritegevusest kokku
19,2 miljonit eurot. Kontserni kogulikviidsus ulatus neljanda kvartali lõpus
68,8 miljoni euroni, mis hõlmab 66,3 miljonit eurot raha ja 2,5 miljonit eurot
kasutamata krediidilimiite, tagades tugeva finantspositsiooni jätkusuutlikuks
opereerimiseks.
PÕHINÄITAJAD 2015 2014 muutus
jaan-märts jaan-märts
--------------------------------------------------------------------------------
EUR EUR
--------------------------------------------------------------------------------
Müügitulu (miljonites) 190,2 188,2 1,0%
--------------------------------------------------------------------------------
Brutokasum (miljonites) 26,1 11,8 121,5%
--------------------------------------------------------------------------------
Brutokasumi marginaal 13,7% 6,3%
--------------------------------------------------------------------------------
EBITDA (miljonites) 19,5 4,5 335,0%
--------------------------------------------------------------------------------
EBITDA marginaal 10,2% 2,4%
--------------------------------------------------------------------------------
Aruande perioodi puhaskasum / -kahjum -13,3 -23,4 42,9%
(miljonites)
--------------------------------------------------------------------------------
Puhaskasumi marginaal -7,0% -12,4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Amortisatsioon (miljonites) 20,4 19,7 3,4%
--------------------------------------------------------------------------------
Investeeringud (miljonites) 3,6 14,1 -74,4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate kaalutud keskmine arv** 669 882 040 669 882 040
--------------------------------------------------------------------------------
Aktsiakasum -0,02 -0,03 42,9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Reisijate arv 1 793 414 1 905 555 -5,9%
--------------------------------------------------------------------------------
Kaubaveo ühikute arv 75 172 76 791 -2,1%
--------------------------------------------------------------------------------
Töötajate keskmine arv 6 642 6 867 -3,3%
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
31.03.2015 31.12.2014
--------------------------------------------------------------------------------
Varad 1 674,5 1 685,6 -0,7%
--------------------------------------------------------------------------------
Intressi kandvad kohustused (miljonites) 742,9 743,4 -0,1%
--------------------------------------------------------------------------------
Netovõlg (miljonites) 676,6 678,1 -0,2%
--------------------------------------------------------------------------------
Omakapital kokku (miljonites) 764,9 778,3 -1,7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Omakapitali määr 46,2% 45,7%
--------------------------------------------------------------------------------
Netovõla EBITDA suhe 4,1 4,5
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate arv** 669 882 040 669 882 040 0%
--------------------------------------------------------------------------------
Omakapital aktsia kohta 1,14 1,16 -1,7%
--------------------------------------------------------------------------------
EBITDA: Finantstulude ja -kulude, maksude ja kulumi eelne kasum;
Aktsiakasum: Puhaskasum / Kaalutud keskmine aktsiate arv;
Omakapitali määr: Omakapital kokku / Varad kokku;
Omakapital aktsia kohta: Omakapital / Aktsiate arv;
Brutokasumi marginaal: Brutokasum / Müügitulu;
EBITDA marginaal: EBITDA / Müügitulu;
Puhaskasumi marginaal: Puhaskasum / Müügitulu;
Netovõlg: Intressikandvad kohustused miinus raha ja raha ekvivalendid;
Netovõla ja EBITDA suhe: Netovõlg / 12 kuu EBITDA.
** Aktsiate arv ei sisalda oma aktsiaid.
KONSOLIDEERITUDKOONDKASUMIARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2015- 01.01.2014-
31.03.2015 31.03.2014
================================================================================
Müügitulu 190,153 188,206
Müüdud kaupade ja teenuste kulud -164,049 -176,419
Brutokasum 26,104 11,787
--------------------------------------------------------------------------------
Turunduskulud -15,235 -15,798
Üldhalduskulud -11,715 -11,389
Muud äritulud 123 213
Muud ärikulud -191 -48
--------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest -914 -15,235
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulud 5,676 3,316
Finantskulud -16,608 -11,445
Kasum/-kahjum enne tulumaksu -11,846 -23,364
--------------------------------------------------------------------------------
Tulumaks -1,500 -10
Aruandeperioodi puhaskasum/-kahjum -13,346 -23,374
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Summad, mida saab edaspidi ümber liigitada kasumisse
või kahjumisse
Valuutakursi vahed välisettevõtetest -82 59
Perioodi muu koondkasum/-kahjum kokku -82 59
--------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum kokku -13,428 -23,315
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Kasum aktsia kohta (eurodes ühe aktsia kohta)
- tava -0.020 -0.035
- lahustatud -0.020 -0.035
--------------------------------------------------------------------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata, tuhandetes eurodes)
VARAD 31.03.2015 31.12.2014
================================================================================
Käibevara
--------------------------------------------------------------------------------
Raha ja raha ekvivalendid 66,276 65,311
Nõuded ostjate vastu ja muud nõuded 38,333 38,210
Ettemaksed 12,497 5,448
Varud 28,787 31,315
Käibevara kokku 145,893 140,284
--------------------------------------------------------------------------------
Põhivara
--------------------------------------------------------------------------------
Investeeringud kapitaliosaluse meetodil kajastatud 286 286
investeeringuobjektidesse
Muud finantsvarad 331 252
Edasilükkunud tulumaksu vara 21,338 21,338
Kinnisvarainvesteeringud 300 300
Materiaalne põhivara 1,452,130 1,467,964
Immateriaalne vara 54,247 55,174
---------------------------------------------------------
Põhivara kokku 1,528,632 1,545,314
--------------------------------------------------------------------------------
---------------------------------------------------------
VARAD KOKKU 1,674,525 1,685,598
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
================================================================================
Lühiajalised kohustused
--------------------------------------------------------------------------------
Intressikandvad võlakohustused 159,899 149,850
Võlad tarnijatele ja muud võlad 89,187 91,236
Tulumaksukohustus 2,800 1,300
Ettemakstud tulud 34,723 29,408
Tuletisinstrumendid 39,959 41,982
Lühiajalised kohustused kokku 326,568 313,776
--------------------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
--------------------------------------------------------------------------------
Intressikandvad võlakohustused 583,019 593,532
Pikaajalised kohustused kokku 583,019 593,532
--------------------------------------------------------------------------------
Kohustused kokku 909,587 907,308
--------------------------------------------------------------------------------
OMAKAPITAL
--------------------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404,290 404,290
Ülekurss 639 639
Reservid 70,123 70,129
Jaotamata kasum 289,886 303,232
--------------------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 764,938 778,290
--------------------------------------------------------------------------------
OMAKAPITAL KOKKU 764,938 778,290
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1,674,525 1,685,598
--------------------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2015 - 01.01.2014-
31.03.2015 31.03.2014
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum -13,346 -23,374
Korrigeerimised 33,028 28,461
Äritegevusega seotud nõuete ja ettemaksete muutused -4,811 -8,512
Varude muutused 2,528 3,302
Äritegevusega seotud kohustuste muutused 336 -1,391
Makstud tulumaks -33 -15
------------------------------------------------------------------------------
17,702 -1,529
------------------------------------------------------------------------------
----------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse vara ostmine -3,612 -14,121
Laekumised materiaalse põhivara müügist 12 97
Saadud intressid 22 4
------------------------------------------------------------------------------
-3,578 -14,020
------------------------------------------------------------------------------
----------------------------------------------------
Rahavood finantseerimistegevusest
Laenude tagasimaksed -15,024 -15,024
Arvelduskrediidi muutus 10,049 30,003
Kapitalirendimaksete tasumine -20 -70
Makstud intressid -6,745 -7,783
Tuletisinstrumentidega seotud maksed -1,419 -1,021
-13,159 6,105
------------------------------------------------------------------------------
------------------------------------------------------------------------------
RAHAVOOD KOKKU 965 -9,444
------------------------------------------------------------------------------
---------------------------------------------------- ------------
Raha ja raha ekvivalendid
- perioodi alguses 65,311 72,012
- suurenemine (+) / vähenemine (-) 965 -9,444
------------------------------------------------------------------------------
- perioodi lõpus 66,276 62,568
------------------------------------------------------------------------------
Harri Hanschmidt
Finantsosakonna juhataja
AS Tallink Grupp
Sadama 5/7, 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]
Teate sisu inglise keeles
Pealkiri
AS Tallink Grupp Unaudited Consolidated Interim Report Q1 2015
Teade
Tallinn, 2015-05-14 08:50 CEST (GLOBE NEWSWIRE) --
AS Tallink Grupp Unaudited Consolidated Interim Report Q1 2015
In the first quarter (1 January- 31 March) of the 2015 financial year AS
Tallink Grupp and its subsidiaries’ (the Group) carried nearly 1.8 million
passengers which is 5.9% less compared to the same period last year. The
Group’s unaudited revenue for the first quarter of 2015 increased by EUR 1.9
million or 1.0% year on year to the total of EUR 190.2 million, EBITDA
increased by EUR 15.0 million or 335.0% to the total of EUR 19.5 million,
compared to the same period last year.The Group made various changes to the
operations during the past year and these affected the first quarter with
decreased passenger volumes but increased revenue and profitability. The
reduction of operating costs from the measures taken has the highest effect to
the first quarter profitability, which is also the low season.
In the first quarter the Estonia-Finland route showed positive developments
with revenue increasing by 2.7% driven by a 21.3% growth in cargo units. The
increase to the cargo volume was partly from Sea Wind switching from the
Finland-Sweden routes to the Estonia-Finland route. The Estonia-Sweden route,
where capacity is lower than last year, experienced a 9.9% decrease in
passengers and a 10.4% decrease in cargo volumes. The Latvia-Sweden route
showed a decline with passenger’s numbers decreasing by 41.2%, cargo units
transported decreased by 59.6%, passenger vehicles transported decreased by
33.0% and the sales decreased by 39.4%. The decline in passenger and cargo
volumes on the Latvia-Sweden route is due to Isabelle operating as the only
vessel on the route since the beginning of August 2014.Throughout the first
quarter price pressure from competitors remained visible on all routes. The
passenger volumes have been affected by the drop of Russian passengers since
the second quarter last year and has continued to this date.
In the first quarter altogether 6 vessels were chartered out. Due to the
increased number of chartered vessels the revenue from charters increased by
EUR 7.3 million or 85.9% to the total of EUR 15.7 million. Two of the vessels
Silja Festival and Regina Baltic are to be sold in the second quarter of the
2015 financial year.
The upgrades of the public areas and improvements to restaurant and shop
concept throughout the fleet combined with the operational changes have
resulted in a 3.5% increase in on-board revenue per passenger. Due to the
changes in operations the segment result improved on all segments and was EUR
14.9 million higher than in the same period last year.
In the first quarter of the 2015 financial year the Group’s gross profit
amounted to EUR 26.1 million and EBITDA to EUR 19.5 million being respectively
EUR 14.3 million and EUR 15.0 million more compared to the same period last
year. The increase in the Group’s results is mainly attributed to the decreased
costs related to operations.
The unaudited net loss for the first quarter of the 2015 financial year was EUR
13.3 million or EUR 0.02 per share compared to the net loss of EUR 23.4 million
or EUR 0.03 per share in the same period last year.
Cash flow from operations increased by EUR 19.2 million when compared to the
same period last year.The total liquidity, cash and unused credit facilities at
the end of the first quarter were EUR 68.8 million providing a strong position
for sustainable operations. At the end of the first quarter 2015 the Group had
EUR 66.3 million in cash and equivalents and the total of unused credit lines
were at EUR 2.5 million.
Q1 KEY FIGURES 2015 2014 Change
Jan-Mar Jan-Mar
----------------------------------------------------------
Revenue EUR million 190.2 188.2 1.0%
--------------------------------------------------------------------------------
Gross profit EUR million 26.1 11.8 121.5%
--------------------------------------------------------------------------------
Gross margin (%) 13.7% 6.3%
--------------------------------------------------------------------------------
EBITDA EUR million 19.5 4.5 335.0%
--------------------------------------------------------------------------------
EBITDA margin (%) 10.2% 2.4%
--------------------------------------------------------------------------------
Net profit for the EUR million -13.3 -23.4 42.9%
period
--------------------------------------------------------------------------------
Net profit margin (%) -7.0% -12.4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and EUR million 20.4 19.7 3.4%
amortization
--------------------------------------------------------------------------------
Investments EUR million 3.6 14.1 74.4%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669 882 040 669 882 040
outstanding
--------------------------------------------------------------------------------
Earnings per share EUR -0.02 -0.03 42.9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 1 793 414 1 905 555 -5.9%
--------------------------------------------------------------------------------
Number of cargo units 75 172 76 791 -2.1%
--------------------------------------------------------------------------------
Average number of 6 642 6 867 -3.3%
employees
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
31.03.2015 31.12.2014
--------------------------------------------------------------------------------
Total assets EUR million 1 674.5 1 685.6 -0.7%
--------------------------------------------------------------------------------
Interest-bearing EUR million 742.9 743.4 -0.1%
liabilities
--------------------------------------------------------------------------------
Net debt EUR million 676.6 678.1 -0.2%
--------------------------------------------------------------------------------
Total equity EUR million 764.9 778.3 -1.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio (%) 46.2% 45.7%
--------------------------------------------------------------------------------
Net debt to EBITDA 4.1 4.5
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary 669 882 040 669 882 040 0%
shares outstanding1
--------------------------------------------------------------------------------
Shareholders’ equity per EUR 1.14 1.16 -1.7%
share
--------------------------------------------------------------------------------
EBITDA: Earnings before net financial items, taxes, depreciation and
amortization;
Earnings per share: net profit / weighted average number of shares outstanding;
Equity ratio: total equity / total assets;
Shareholder’s equity per share: shareholder’s equity / number of shares
outstanding;
Gross margin: gross profit / net sales;
EBITDA margin: EBITDA / net sales;
Net profit margin: net profit / net sales;
Net debt: Interest bearing liabilities less cash and cash equivalents;
Net debt to EBITDA: Net debt / 12-months trailing EBITDA.
1 Share numbers exclude own shares.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(unaudited, in thousands of euros) 01.01.2015- 01.01.2014-
31.03.2015 31.03.2014
================================================================================
Revenue 190,153 188,206
Cost of sales -164,049 -176,419
Gross profit 26,104 11,787
--------------------------------------------------------------------------------
Marketing expenses -15,235 -15,798
Administrative expenses -11,715 -11,389
Other income 123 213
Other expenses -191 -48
--------------------------------------------------------------------------------
Result from operating activities -914 -15,235
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income 5,676 3,316
Finance costs -16,608 -11,445
Profit/-loss before income tax -11,846 -23,364
--------------------------------------------------------------------------------
Income tax -1,500 -10
--------------------------------------------------------------------------------
Net profit/-loss for the period -13,346 -23,374
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Other comprehensive income/-expense
Items that may be reclassified to profit or loss
Exchange differences on translating foreign operations -82 59
Other comprehensive income/-expense for the period -82 59
--------------------------------------------------------------------------------
Total comprehensive income/-expense for the period -13,428 -23,315
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Earnings per share (in EUR per share)
- basic -0.020 -0.035
- diluted -0.020 -0.035
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of euros)
ASSETS 31.03.2015 31.12.2014
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 66,276 65,311
Trade and other receivables 38,333 38,210
Prepayments 12,497 5,448
Inventories 28,787 31,315
Total current assets 145,893 140,284
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in equity-accounted investees 286 286
Other financial assets 331 252
Deferred income tax assets 21,338 21,338
Investment property 300 300
Property, plant and equipment 1,452,130 1,467,964
Intangible assets 54,247 55,174
---------------------------------------------------------
Total non-current assets 1,528,632 1,545,314
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,674,525 1,685,598
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 159,899 149,850
Trade and other payables 89,187 91,236
Income tax liability 2,800 1,300
Deferred income 34,723 29,408
Derivatives 39,959 41,982
Total current liabilities 326,568 313,776
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 583,019 593,532
Total non-current liabilities 583,019 593,532
--------------------------------------------------------------------------------
TOTAL LIABILITIES 909,587 907,308
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 70,123 70,129
Retained earnings 289,886 303,232
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 764,938 778,290
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 764,938 778,290
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,674,525 1,685,598
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of euros) 01.01.2015 - 01.01.2014-
31.03.2015 31.03.2014
Cash flows from operating activities
Net profit/-loss for the period -13,346 -23,374
Adjustments 33,028 28,461
Changes in receivables and prepayments related to -4,811 -8,512
operating activities
Changes in inventories 2,528 3,302
Changes in liabilities related to operating 336 -1,391
activities
Income tax paid -33 -15
--------------------------------------------------------------------------------
17,702 -1,529
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used in investing activities
Purchase of property, plant and equipment and -3,612 -14,121
intangible assets
Proceeds from disposals of property, plant and 12 97
equipment
Interest received 22 4
--------------------------------------------------------------------------------
-3,578 -14,020
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used in financing activities
Repayment of loans -15,024 -15,024
Change in overdraft 10,049 30,003
Payment of finance lease liabilities -20 -70
Interest paid -6,745 -7,783
Payments for settlement of derivatives -1,419 -1,021
-13,159 6,105
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL NET CASH FLOW 965 -9,444
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Cash and cash equivalents:
- at the beginning of period 65,311 72,012
- increase (+) / decrease (-) 965 -9,444
--------------------------------------------------------------------------------
- at the end of period 66,276 62,568
--------------------------------------------------------------------------------
Harri Hanschmidt
Head of the Finance Department
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]