120 Cyprus Energy Regulatory Authority 2021 2020 Note € € Interest received 49.288 40.930 Net cash used in investing activities (58.673) (3.000.683) CASH FLOWS FROM FINANCING ACTIVITIES Payments of leases liabilities (198.000) (198.000) Interest paid (5.598) (3.544) Defence contribution on deemed distribution paid (3.389) (7.894) Net cash used in financing activities (206.987) (209.438) Net increase/(decrease) in cash and cash equivalents 126.112 (2.487.052) Cash and cash equivalents at beginning of the year 7.487.371 10.014.872 (Reversal of impairment)/impairment charge on cash and cash equivalents 15.931 (40.449) Cash and cash equivalents at end of the year 23 7.629.414 7.487.371 The notes on pages 121 to 152 form an integral part of these financial statements. (continued)
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