Consolidated Statement of Cash Flows

    Year ended December 31,
  NOTES 2011 2010
Operating activities      
Profit before tax   544,138 185,248
       
Adjustments to reconcile profit before tax to operating cash flows:  
Depreciation of property, plant and equipment   266,537 215,416
Amortisation of intangible assets 19 69,234 85199
Loss on disposal of property, plant and equipment 7 2,319 10195
Impairment of goodwill 19 3,368 -
Reversal of impairment of property, plant and equipment 18 (73,417) -
Impairment of investment in associate 10 1833 -
Foreign exchange loss/(gain), net   1254 (9,512)
Finance costs   302,786 430,586
Finance income 9 (32,063) (18,895)
(Gain)/loss on changes in fair value of derivative financial instrument 24 (44,792) 12,361
Gain on disposal of assets classified as held for sale 11 (19,184) -
Share of loss of associate 10 185 -
Allowance for net realisable value of inventory 16 (662) (4,818)
Allowance for doubtful debts 30 19,551 5,420
Movement in other provisions   9,039 31,115
Operating cash flows before working capital changes   1,050,126 942,315
       
Working capital changes:      
Increase in inventories   (280,232) (277,508)
Increase in trade and other receivables   (110,210) (148,208)
(Increase)/decrease in prepayments   (26,862) 21,095
Increase in trade and other payables   172,369 90,862
Increase/(decrease) in advances from customers   88,875 (213,250)
Cash generated from operations   894,066 415,306
Income taxes paid   (106,926) (28,987)
Net cash flows from operating activities   787,140 386,319
       
Investing activities      
Purchase of property, plant and equipment and intangible assets   (402,459) (314,096)
Proceeds from sale of property, plant and equipment   1,431 386
Proceeds from disposal of subsidiaries 11 - 26,027
Purchase of ownership interest in associate 10 (4,004) -
Issuance of loans   (1,333) (968)
Proceeds from repayment of loans issued   962 1,277
Interest received   2,638 2,120
Dividends received   25,425 14,092
Net cash flows used in investing activitie   (377,340) (271,162)
       
Financing activities      
Purchase of treasury shares 29 (хi) (8,988) (280,973)
Proceeds from issue of share capital 29 (i) - 279,427
Proceeds from borrowings   2,768,477 3,097,306
Repayment of borrowings   (2,764,149) (2,994,735)
Interest paid   (287,533) (342,743)
Reimbursement of interest paid   1272 3,905
Payment of finance lease liabilities   (3,014) (2,822)
Acquisition of non-controlling interest   (1374) (1,085)
Proceeds from sale of non-controlling interests 29 (v) 9,265 32,939
Contributions from non-controlling interest owners 29 (viii) - 23,124
Dividends paid to equity holders of the parent   (47,313) -
Dividends paid to non-controlling interest shareholders   (1531) (599)
Net cash flows used in financing activities   (334,888) (186,256)
       
Net increase/(decrease) in cash and cash equivalents   74912 (71,099)
Net foreign exchange difference   (1843) (15,133)
Cash and cash equivalents at January 1   157,524 243,756
Cash and cash equivalents at December 31   230,593 157,524
    Year ended December 31,
  NOTES 2011 2010
Operating activities      
Profit before tax   544,138 185,248
       
Adjustments to reconcile profit before tax to operating cash flows:  
Depreciation of property, plant and equipment   266,537 215,416
Amortisation of intangible assets 19 69,234 85199
Loss on disposal of property, plant and equipment 7 2,319 10195
Impairment of goodwill 19 3,368 -
Reversal of impairment of property, plant and equipment 18 (73,417) -
Impairment of investment in associate 10 1833 -
Foreign exchange loss/(gain), net   1254 (9,512)
Finance costs   302,786 430,586
Finance income 9 (32,063) (18,895)
(Gain)/loss on changes in fair value of derivative financial instrument 24 (44,792) 12,361
Gain on disposal of assets classified as held for sale 11 (19,184) -
Share of loss of associate 10 185 -
Allowance for net realisable value of inventory 16 (662) (4,818)
Allowance for doubtful debts 30 19,551 5,420
Movement in other provisions   9,039 31,115
Operating cash flows before working capital changes   1,050,126 942,315
       
Working capital changes:      
Increase in inventories   (280,232) (277,508)
Increase in trade and other receivables   (110,210) (148,208)
(Increase)/decrease in prepayments   (26,862) 21,095
Increase in trade and other payables   172,369 90,862
Increase/(decrease) in advances from customers   88,875 (213,250)
Cash generated from operations   894,066 415,306
Income taxes paid   (106,926) (28,987)
Net cash flows from operating activities   787,140 386,319
       
Investing activities      
Purchase of property, plant and equipment and intangible assets   (402,459) (314,096)
Proceeds from sale of property, plant and equipment   1,431 386
Proceeds from disposal of subsidiaries 11 - 26,027
Purchase of ownership interest in associate 10 (4,004) -
Issuance of loans   (1,333) (968)
Proceeds from repayment of loans issued   962 1,277
Interest received   2,638 2,120
Dividends received   25,425 14,092
Net cash flows used in investing activitie   (377,340) (271,162)
       
Financing activities      
Purchase of treasury shares 29 (хi) (8,988) (280,973)
Proceeds from issue of share capital 29 (i) - 279,427
Proceeds from borrowings   2,768,477 3,097,306
Repayment of borrowings   (2,764,149) (2,994,735)
Interest paid   (287,533) (342,743)
Reimbursement of interest paid   1272 3,905
Payment of finance lease liabilities   (3,014) (2,822)
Acquisition of non-controlling interest   (1374) (1,085)
Proceeds from sale of non-controlling interests 29 (v) 9,265 32,939
Contributions from non-controlling interest owners 29 (viii) - 23,124
Dividends paid to equity holders of the parent   (47,313) -
Dividends paid to non-controlling interest shareholders   (1531) (599)
Net cash flows used in financing activities   (334,888) (186,256)
       
Net increase/(decrease) in cash and cash equivalents   74912 (71,099)
Net foreign exchange difference   (1843) (15,133)
Cash and cash equivalents at January 1   157,524 243,756
Cash and cash equivalents at December 31   230,593 157,524

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