ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Consolidated financial statements

6.1.5 Consolidated Cash Flows Statement for 2021

2021

2020

(in €k)

32,351

92,724

Net Income

Adjustments for: Net financial income and expenses Depreciation and amortisation Share-based payment expenses

2,651 8,833

515

7,452

26,784

-

Change in accrued income and prepaid expense Change in employee benefit assets/liabilities

6,999

(10,970)

132

112

Income tax

16,001 (5,427)

1,457

Change in fair value

(2,447)

Other non-cash adjustments

460

(6)

Operating cash flow before changes in working capital (Increase)/decrease in working capital requirement NET CASH INFLOW/(OUTFLOW) RELATED TO OPERATING ACTIVITIES

88,782

88,839

(16,753)

(11,017)

72,030

77,821

Cash flows investing activities Purchase of property and equipment Purchase of other financial assets Proceeds on disposal of property, net of tax

(5,206) (4,271)

(85)

- -

12

Investment in financial investments

(3,254) (12,718)

(16,756) (16,841)

NET CASH INFLOW/(OUTFLOW) RELATED TO INVESTING ACTIVITIES

Cash flows financing activities Dividends paid Repayment of borrowings Proceeds from borrowings Payment of lease liabilities

(54,830) (27,288)

(86,700)

-

542

26,864 (1,800)

(1,513) (2,651)

Net of interest received and interest paid

(510)

Repurchase of share capital

-

(32)

Share capital increase

404,872 319,132 378,444 14,016

32

NET CASH INFLOW/(OUTFLOW) RELATED TO FINANCING ACTIVITIES NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS

(62,145) (1,165)

15,605

Cash and cash equivalents, beginning of period Translation differences on cash and cash equivalents

98

(424)

Cash and cash equivalents, end of period

392,558

14,016

Notes 1 to 26 are an integral part of the Consolidated Financial Statements.

136 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021