Cash flow statement
| 1 January – 31 December 2020 | 1 January – 31 December 2019 | |
| Cash flow from business operations: | ||
| Profit (loss) before extraordinary items (+/–) | -1,723,217.27 | -770,028.84 |
| Adjustments to operating profit (+/–): | ||
| Depreciation according to plan | 64,928.10 | 76,396.39 |
| Financial income and expenses | -32,495.18 | -67,898.02 |
| Other adjustments | 39,004.00 | 0.00 |
| Operating cash flow before change in working capital | -1,651,780.35 | -761,530.47 |
| Change in working capital: | ||
| Increase/decrease in interest-free short-term receivables | -778,536.19 | -1,248,446.64 |
| Increase/decrease in interest-free short-term liabilities | 5,825.84 | 1,278,485.79 |
| Cash flow from operating activities before financial items and taxes | -2,424,490.70 | -731,491.32 |
| Interest and other financial expenses paid for operating activities | -892.02 | -1,277.45 |
| Interest received from operating activities | 33,387.20 | 69,175.47 |
| Direct taxes paid (-) | 0.00 | 0.00 |
| Cash flow from business operations (A) | -2,391,995.52 | -663,593.30 |
| Cash flow from investments: | ||
| Investments in tangible and intangible assets (-) | 0.00 | -33,873.67 |
| Cash flow from investments (B) | 0.00 | -33,873.67 |
| Cash flow from financing activities: | ||
| Dividends paid and other distribution of profits (-) | 0.00 | -4,531,871.73 |
| Cash flow from financing activities (C) | 0.00 | -4,531,871.73 |
| Change in cash and cash equivalents (A+B+C) increase (+) / decrease (-) | -2,391,995.52 | -5,229,338.70 |
| Cash and cash equivalents at the beginning of period | 11,432,972.68 | 16,662,311.38 |
| Cash and cash equivalents at the end of period | 9,040,977.16 | 11,432,972.68 |
| -2,391,995.52 | -5,229,338.70 |
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