Investor Presentaiton
CASH FLOW STATEMENT 2009-2011
RUB mln.
2009
2010
2011
RUB mln.
K
2009 2010
2011
OPERATING ACTIVITIES
INVESTING ACTIVITIES
Profit/(loss) for the period
663
823
2,018
Adjustments for:
Proceeds from disposal of property, plant and equipment
Loans issued
42
21
25
(217)
(87)
(17)
Depreciation and amortisation
689
820
1,039
Impairment loss
15
7
(1)
Proceeds from loans previously issued incl, interest received
233
130
60
Loss(gain) on disposal or write-off of property, plant and
4
(46)
(22)
Acquisition of property, plant and equipment
(1,084) (2,499)
(2,581)
equipment
Income of associates
(5)
(4)
Acquisition of subsidiaries, net of cash acquired
(10)
Net finance expense
591
286
339
Acquisition of equity accounted investees
(17)
Income tax expense
215
249
542
Cash flow used in investing activities
(1,030) (2,435) (2,540)
Operating result before change in working capital
2,176
2,134
3,911
FINANCING ACTIVITIES
Change in inventories
107
(354)
(511)
Change in trade and other receivables
(126)
126
(487)
Proceeds from borrowings
7,119 5,273 12,414
Change in prepayments for current assets
(27)
(215)
(478)
Repayment of borrowings
(6,904)
(6,960) (10,210)
Change in trate and other payables
(583)
617
425
Cash flow from operations before income tax and interest
1,547
2,321
2,844
Proceeds from share issue, net of issue costs
Dividends paid
2,805
(253) (298)
Cash flow from financing activities
221
840
1,906
Income taxes and penalties paid
Interest paid
Cash flows from operating activities
(281)
(101)
(563)
(640)
(275)
(207)
Net increase (decrease) in cash and cash equivalents
(183)
436
1,440
626
2,031
2,074
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