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Investor Presentaiton

Cash Flow TMK 326 275 US$ mln 2012 2011 2010 2009 2008 Profit/ (Loss) before Income Tax 405 544 185 (427) 308 Adjustments for: Depreciation and Amortisation Net Interest Expense 336 301 313 248 271 412 406 263 Others Working Capital Changes 34 (101) 44 36 228 (34) (156) (527) 558 (81) Cash Generated from Operations 1,006 894 415 886 966 Income Tax Paid (77) (107) (29) (33) Net Cash from Operating Activities 929 787 386 852 Capex (445) (402) (314) (395) Acquisitions (33) (510) (227) 740 (840) (1,185) Others 23 25 43 14 1 Net Cash Used in Investing Activities (455) (377) (271) (891) (2,024) Net Change in Borrowings Others (148) 4 103 582 1,780 (341) (339) (289) (447) (443) Net Cash Used in Financing Activities (489) (335) (186) 135 1,337 Net Foreign Exchange Difference 10 (2) (15) 4 2 Cash and Cash Equivalents at January 1 231 158 244 143 89 Cash and Cash Equivalents at YE 225 231 158 244 143 Source: Consolidated IFRS Financial Statements CCertain monetary amounts percentages and other figures included in this presentation are subject to rounding adjustments. Totals therefore do not always add up to exact arithmetic sums. NNote: 37
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