Etalon Group Operating Results
CASHFLOW STATEMENT
mln RUB
Operating Activities
Profit for the period
Adjustments for:
Depreciation
Loss
(gain) on disposal of PP&E
Gain on disposal of investment property
Impairment gain / (loss) on investment property
Impairment loss on inventories
1H14
1H15
1H16
2014
2015
2016
927
2,193
1,308
8,369
5,429
4,902
204
213
240
417
406
434
(46)
20
(7)
(52)
(65)
(52)
(267)
60
166
27
280
215
(41)
85
30
290
466
514
430
Finance income, net
(149)
(405)
(739)
(1,164)
(1,182)
(1,538)
Income tax expense
302
795
117
2,026
2,002
1,654
Cash from operating activities before changes in working capital
1,383
3,012
1,236
10,342
7,319
5,522
Change in inventories
(6,763)
(2,418)
(502)
(6,890)
(8,255)
(1,780)
Change in accounts receivable
(2,093)
(366)
(2,381)
(1,427)
(3,899)
(3,746)
Change in accounts payable
10,135
(1,461)
8,519
1,184
2,369
7,814
Change in provisions
Change in other current assets
Income tax paid
Interest paid
Net cash from/(used in) operating activities
(324)
(600)
(1,694)
594
1,315
(1,808)
(11)
(59)
(742)
(1,605)
(1,070)
(1,645)
(2,146)
(1,960)
(683)
(1,180)
(1,278)
(1,588)
(2,516)
(2,603)
902
(4,618)
2,830
511
(5,813)
1,437
Investing Activities
Proceeds from disposal of non-current assets
52
29
45
66
188
93
Interest received
342
802
580
823
1,311
1,153
Acquisition of PP&E
(364)
(95)
(218)
(653)
(369)
(711)
Loans given
(16)
(4)
(41)
(178)
(123)
(435)
Loans repaid
79
21
18
174
66
25
Disposal of subsidiaries, net of cash disposed of
(3)
(1)
7
(Acquisition)/disposal of other investments
(964)
(598)
(113)
3,038
1,155
242
Net cash used in investing activities
(871)
152
270
3,277
2,228
367
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 1H14, 1H15, 1H16, 2014, 2015, 2016
(66)
(38)
(83)
(20)
(94)
5,627
4,707
5,882
10,763
9,480
9,016
(4,278)
(2,323)
(3,635)
(8,498)
(6,281)
(10,404)
16
16
16
(1,834)
(961)
(1,124)
(2,452)
(1,504)
1,365
484
1,248
1,074
743
(2,986)
1,396
(3,982)
4,348
4,862
(2,842)
(1,182)
100
(607)
(110)
1,630
(257)
9,635
10,042
15,770
14,631
11,532
(144)
10,206
Etalon Group
OPERATING
RESULTS
LANDBANK
VALUATION
FINANCIAL
RESULTS
SELECTED
PROJECTS
APPENDIX
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