Page 57 - hisdeSAT annual report 2016
P. 57

® CNES 2012 DISTRIBUTION AIRBUS DS  OUR FIGURE S

















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                  4.4                  CASH FLOW









                                         isdesat has generated cash flow of €   provisions,  depreciation  and  impairment
                                     H36.6 million from operating activities   of property, plant and equipment made in
                                     with the accounting result corrected for   2016, which together amount to more than
                                     items  that do not involve cash outflows,   € 87.4 million. Cash flow from operating ac-
                                     among which the most significant are    tivities in 2015 amounted to € 45.2 million.
















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