Investor Presentaiton
Cashflow statement
mln RUB
Operating Activities
Profit for the period
Adjustments for:
Depreciation
Loss (gain) on disposal of PP&E
2013
2014
2015
1H14
1H15
1H16
6,664
8,369
5,429
927
2,193
1,308
343
417
406
204
213
240
(15)
(52)
(65)
(46)
20
(7)
Impairment loss on investment property
280
215
60
166
27
Impairment loss on inventories
466
514
85
30
290
Finance income, net
(337)
(1,164)
(1,182)
(149)
(405)
(739)
Income tax expense
1,833
2,026
2,002
302
795
117
Cash from operating activities before changes in working capital
8,488
10,342
7,319
1,383
Change in inventories
(7,837)
(6,890)
(8,255)
(6,763)
3,012
(2,418)
1,236
(502)
Change in accounts receivable
(5,080)
(1,427)
(3,958)
(2,093)
(366)
(2,381)
Change in accounts payable
4,880
1,184
2,369
10,135
(1,461)
8,519
Change in provisions
Change in other current assets
Income tax paid
Interest paid
Net cash from/(used in) operating activities
Investing Activities
Proceeds from disposal of non-current assets
Interest received
1,109
594
1,315
(324)
(600)
(1,694)
25
(59)
59
(11)
(907)
(1,645)
(2,146)
(742)
(1,605)
(1,070)
(1,724)
(1,588)
(2,516)
(683)
(1,180)
(1,278)
(1,046)
511
(5,813)
902
(4,618)
2,830
15
66
188
52
29
45
611
823
1,311
342
802
580
Acquisition of PP&E
(431)
(653)
(369)
(364)
(95)
(218)
Loans given
(55)
(178)
(123)
(16)
(4)
Loans repaid
85
174
66
79
21
(41)
18
Acquisition of subsidiaries, net of cash acquired
10
-
Disposal of subsidiaries, net of cash disposed of
(20)
7
(3)
(1)
(Acquisition)/disposal of other investments
1,606
3,038
1,155
(964)
(598)
(113)
Net cash used in investing activities
1,821
3,277
2,228
(871)
152
270
Financing activities
Acquisition of non-controlling interest
Proceeds from borrowings
Repayments of borrowings
Acquisition of own shares
Dividends paid
Net cash from/ (used in) financing activities
Net increase/(decrease) in cash and cash equivalents
Effect of FX rate fluctuations
Cash & cash equivalents at the end of the period
Source: IFRS financial statements for 2013, 2014, 2015, 1H14, 1H15, 1H16
Etalon Group
Operating
Results
Landbank
Valuation
(10)
(83)
(20)
(66)
(38)
5,937
10,763
(9,668)
(8,498)
9,480
(6,281)
5,627
4,707
5,882
(4,278)
(2,323)
(3,635)
16
16
16
(1,124)
(2,452)
(1,834)
(961)
(3,741)
1,074
743
1,365
484
1,248
(2,966)
4,862
(2,842)
1,396
(3,982)
4,348
389
1,630
(257)
100
(607)
(110)
8,139
14,631
11,532
9,635
10,042
15,770
Financial
Results
Selected
Projects
Appendix
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