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Notes to the consolidated financial statements

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39. Additional information to the consolidated statement of cash flows

Cash and cash equivalents

For the purpose of consolidated statement of cash flows, the balance of cash and cash equivalents includes the following balances with maturity up to three months. 

Differences between balance sheet changes in certain items and changes in the balance of the same items in the statement of cash flows for the years ended 31 December 2016 and 31 December 2015:

The Group decided to apply the following classification to operating, investing and financing activities in the statement of cash flows.

Operating activities constitute the core business of the Group which cannot be classified to investing or financing activities.

Investing activities involve acquisition and sale of property, plant and equipment and intangible assets as well as receiving cash flows from dividend resulting from interests in other entities.

Financing activities involve entering into long-term financial contracts (for more than 12 months) constituting the source of the financing for the Group’s activities, i.e. issuing debt securities, taking up loans, redeeming debt securities issued and repaying loans with accrued interest.