Investor Presentaiton
Cashflow statement
Mn USD
Operating Activities
Profit for the year
Adjustments for
2008
2009
2010
2011
Mn USD
2008
2009
2010
2011
Investing Activities
47.2
162.0
154.3
253.1
Proceeds from disposal of non-current assets
1.9
3.4
1.0
4.0
Interest received
3.5
6.3
3.1
4.8
Acquisition of PP&E
(17.9)
(7.0) (10.8)
(24.7)
Depreciation and amoritasation
7.7
6.5
9.4
9.0
(Gain/loss on disposal of PP&E
Loss on disposal of subsidaries
0.2
(2.0)
(0.0)
(3.1)
Loans given
(3.4)
(8.4)
(3.5)
(8.6)
0
0
0.2
0.0
Loans repaid
0.7
0.2
2.0
8.0
Share of profit on equity accounted
investees
Acquisition of subsidiaries, net of cash acquired
(0.2)
(0.1)
0.0
0.0
0.0
0.5
0.3
0.0
Gain/(loss) on disposal of other
Disposal of subsidiaries, net of cash disposed of
0.0
0.0
0.0
(0.8)
0.0
0.0
(1.2)
(0.6)
investments
Finance cost, net
44.9
24.3
16.1
(48.5)
Acquisition of other investments
0.0
0.0 (9.1) (34.9)
Impairment losses on loans given
2.0
2.4
0.0
0.0
Net cash used in investing activities
(15.2)
(4.9)
(18.3)
(52.1)
Income tax expense
28.7
45.1
44.6
53.9
Financing activities:
Cash from operating activities
130.6
238.2
224.6
263.7
Proceeds from IPO
0.0
0.0
0.0
458.9
before changes in working capital
Proceeds from issue of share capital
78.4
0.0
0.0
0.0
Change in inventories
(530.0)
81.6
50.0
(180.6)
Acquisition of non-controlling interest
(0.4)
0.0
(3.2)
(0.1)
Change in accounts receivable
(42.7)
Change in accounts payable
476.3
(26.0) (6.6)
(196.2) (219.2)
(98.4)
Proceeds from disposal of non-controlling
interest
0.0
0.0
0.0
0.8
(27.8)
Proceeds from borrowings
283.4 272.2 355.3 216.2
Change in provisions
48.2
Change in other currents assets
Income tax paid
Interest paid
Net cash provided by operating
68.6
13.2 (24.2)
0.0 (0.5) (1.1)
(27.6) (15.9) (35.6)
(28.4) (26.0) (26.8)
26.5
(39.0) (131.8)
12.5
Repayments from borrowings
0.8
(64.5)
(37.4)
Acquisition of own shares
Dividends paid
activities
Net cash (used in) from financing activities
Net increase in cash and cash equivalents
57.3
(314.6) (303.4) (283.7) (164.0)
0.0
0.0
0.0 (15.6)
(0.8) (1.0) (1.3) 0.0
46.0 (32.1) 67.1 496.1
31.6
9.9
312.2
Source: audited consolidated IFRS accounts for 2008, 2009, 2010, 2011
Cash & cash equivalents at the end of the
95.6
107.5 119.7
492.8
period
ā
Etalon Group
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