=1. Below are the key figures for the company Ivankovic over the last five years.

1 2 3 4 5 Fixed assets 100 110 120 130 140 Working capital 200 225 250 280 315 EBITDA 38 40 44 48 52 Depreciation and amortisation 10 10 11 12 13 Financial expense 14 15 17 19 22 Income tax expense 7 7.5 8 8 8.5 Dividends 5 5 5 6 6 Draw up the cash flow statement for years two to five.

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