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Unaudited Condensed Consolidated Interim Statements of Cash Flows
€ in Thousands, $ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2023
EUR (€)
Jun. 30, 2023
USD ($)
 [1]
Jun. 30, 2022
EUR (€)
Dec. 31, 2022
EUR (€)
Cash flows from operating activities        
Profit (loss) for the period € 4,563 $ 4,957 € (635) € 140
Adjustments for:        
Financing income (expenses), net (1,556) (1,691) 2,181 2,466
Depreciation and amortization 8,064 8,758 7,978 16,092
Share-based payment transactions 62 67 60 127
Share of losses (profits) of equity accounted investees (1,541) (1,674) 602 (1,206)
Change in trade receivables and other receivables 558 606 (2,579) 724
Change in other assets (155) (168) 53 (209)
Change in receivables from concessions project 836 908 (550) (521)
Change in trade payables (1,409) (1,530) (801) 1,697
Change in other payables 383 416 7,878 3,807
Income tax expense (tax benefit) (1,203) (1,307) 1,087 2,103
Income taxes paid (20) (22) (3,255) (6,337)
Interest received 1,353 1,469 922 1,896
Interest paid (4,664) (5,065) (4,924) (9,459)
Net cash provided by operating activities 5,271 5,724 8,017 11,320
Cash flows from investing activities        
Acquisition of fixed assets (27,468) (29,832) (22,274) (48,610)
Repayment of loan by an equity accounted investee 0 0 149 149
Loan to an equity accounted investee (68) (74) 0 (128)
Advances on account of investments (777) (844) 0 (774)
Settlement of derivatives contract 0 0 (528) (528)
Proceeds from (investment in) in restricted cash, net 893 970 (8,241) (4,873)
Proceeds from (investment in) short term deposit (1,257) (1,365) 27,645 27,645
Proceeds from (investment in) marketable securities 2,837 3,081 0 (1,062)
Net cash used in investing activities (25,840) (28,064) (3,249) (28,181)
Cash flows from financing activities        
Proceeds from options 0 0 0 36
Cost associated with long term loans (706) (767) (8,958) (9,988)
Payment of principal of lease liabilities (777) (844) (4,000) (5,703)
Proceeds from long term loans 21,499 23,350 196,189 215,170
Repayment of long-term loans (6,602) (7,170) (143,095) (153,751)
Repayment of Debentures (17,763) (19,292) (19,764) (19,764)
Repayment of SWAP instrument associated with long term loans 0 0 (3,290) (3,290)
Proceed from settlement of derivatives, net 0 0 0 3,800
Proceeds from issuance of Debentures, net 55,808 60,612 0 0
Net cash provided by financing activities 51,459 55,889 17,082 26,510
Effect of exchange rate fluctuations on cash and cash equivalents (3,478) (3,777) (3,128) (4,420)
Increase in cash and cash equivalents 27,412 29,772 18,722 5,229
Cash and cash equivalents at the beginning of the period 46,458 50,457 41,229 41,229
Cash and cash equivalents at the end of the period € 73,870 $ 80,229 € 59,951 € 46,458
[1] Convenience translation into US$ (exchange rate as at June 30, 2023: EUR 1 = US$ 1.086)