The cash flow from operating activities for the quarter was 58 million compared with 32 million in Q4 '14. The year on year increase was mainly driven by lower utilisation of working capital. On a full year basis, cash flow from operating activities remained at the same level as in 2014 and amounted to 119 million.
The cash flow used in investing activities during the quarter increased by 21 million year on year to 55 million mainly due to our recent Telematics acquisition in Poland. On a full year basis, the cash flow used in investing activities was 154 million, an increase of 48 million year on year. The majority of the investments related to two acquisitions as well as investments in our new transactional map-making platform, the NDS-based navigation system and customer specific investments in Automotive.
In the quarter, 0.9 million options related to our long-term employee incentive programmes were exercised resulting in a 4.5 million cash inflow. The net cash inflow from the exercise of options for the full year 2015 amounted to 34 million.
Consolidated condensed statement of income
|( in thousands)||
|Cost of sales||143,523||125,517||488,080||426,966|
|Research and development expenses||46,807||45,559||185,443||174,014|
|Amortisation of technology and databases||19,939||19,578||76,694||88,100|
|Selling, general and administrative expenses||46,239||46,449||172,352||170,539|
|Total operating expenses||138,762||131,354||517,927||502,212|
|Other financial result||-2,437||-1,581||-7,343||-3,720|
|Result of associates||164||81||167||374|
|Result before tax||-2,240||-1,090||-7,501||14,623|
|Income tax gain||23,179||1,558||25,794||8,032|
|Net result attributable to:|
|Equity holders of the parent||20,824||466||18,122||22,549|
|Basic number of shares (in thousands)||230,131||223,540||227,771||222,689|
|Diluted number of shares (in thousands)||237,656||226,428||232,378||225,122|