Investor Presentaiton
Cashflow statement
mln RUB
2011
2012
2013
1H12
1H13
1H14
mln RUB
2011
2012
2013
1H12
1H13 1H14
Operating Activities
Investing Activities
Profit for the period
7,440
5,000 6,664 2,369
3,098
927
Proceeds from disposal of non-current
assets
117
71
15
41
57
52
Adjustments for
I
Depreciation
265
417
3431
209
168
204
Interest received
Gain on disposal of PP&E
(92)
(49)
(15)
(27)
(27)
(46) Acquisition of PP&E
140
(726) (844)
552
611 i
251
351
342
I
(431) (297)
(160)
(364)
I
Loss on disposal of
Loans given
(253)
(371)
(55) i (11)
(37)
(16)
1
28
I
subsidiaries
Loans repaid
234
363
85!
23
17
79
Gain on disposal of equity
(24)
accounted investees
Acquisition of subsidiaries, net of cash
acquired
10
Impairment loss on
60
investment property
60
Disposal of subsidiaries, net of cash
(17)
(8)
(20)
(7)
disposed of
Impairment loss on
85
inventories
(Acquisition)/disposal of other
(1,027)
(5,506)
1,606 (1,677)
2,850
(964)
investments
Finance income, net
(1,425)
(544)
(337)
Income tax expense
1,585
1,526
1,833
(237)
651
(319)
(149)
822
302
Net cash used in investing activities
(1,532) (5,743)
1,821 (1,670)
3,071
(871)
Cash from operating
Financing activities
activities
7,750 6,378 8,488 2,965 3,742
1,383
before changes in
working capital
Change in inventories
Change in accounts
receivable
Proceeds from IPO
13,487
Acquisition of non-controlling interest
(3)
(3)
(10)
(5,308)
(7,633) (7,837)¦ (2,082) (1,957)
(2,893) (3,024) (5,080) (401) (3,243)
(6,763)
Proceeds from disposal of non-
24
controlling interest
I
(2,093)
Proceeds from borrowings
Change in accounts
(818) 4,074
payable
Change in provisions
367 (992)
4,880 1,434
1,109
(410)
1,478 10,135
Repayments of borrowings
(317) (324)
Acquisition of own shares
6,353 12,140
(4,821)
(459)
5,937 ! 2,769 2,785 5,627
(5,552) (9,668)
(13)
(2,450) (6,624) (4,278)
I (13)
16
T
Change in other currents
assets
Dividends paid
24
3
25
21
12
(11)
Income tax paid
Interest paid
(1,897) (1,833) (907)¦
(1,098) (1,097) (1,724)
(936) (632)
(476) (871)
(742)
Net cash from/(used in) financing
activities
14,581
6,572 (3,741)
306 (3,839)
1,365
(683)
Net cash from/(used in)
Net increase/(decrease) in cash and
cash equivalents
operating activities
Source: IFRS financial statements for 2011, 2012, 2013, 1H12, 1H13, 1H14
Etalon Group
(3,873) (4,124) (1,046)
115 (1,788)
902
Effect of FX rate fluctuations
Cash & cash equivalents at the end
of the period
9,176 (3,295) (2,966) (1,249) (2,556)
1,672 (473)
14,484 10,716
1,396
389 1
41
399
100
8,139 13,276 8,559 9,635
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