Investor Presentaiton
Consolidated Statement of Cash Flow -1H 2021
Selected Key Items
In US$ million,
unless stated otherwise
For the year ended 30th June
2021
2020
chg
Net cash flows provided from operating activities
64.4
14.7
Net cash flows used for investing activities
(75.7)
(20.1)
49.7
(55.5)
Net cash flows used for financing activities
(12.7)
(2.9)
(9.8)
Net increase / (decrease) in cash & cash equivalents
(23.9)
(8.3)
(15.6)
Net effect of foreign exchange rate changes
(0.1)
0.03
(0.1)
Cash on hand and in banks at the beginning of the period
Cash on hand and in banks at the end of the period
40.2
48.4
(8.2)
16.1
40.2
(24.1)
Strong liquidity to support sustainable operations and
capital expenditures requirements
Cash flows provided from operating activities of 1H21 was
US$64.4mn, primarily comprising cash receipts from
customers of US$146.6mn, partly offset by cash paid to
contractors and suppliers of US$35.0mn and corporate income
tax payment amounted US$18.8mn.
Cash flows used for investing activities of 1H21 was
US$75.7mn, mainly used for capex spending for mine
development activities on the Araren stage 5 Pit, plant
expansions, as well as land acquisitions in the Western
Corridor area.
Cash flows used in financing activities of 1H21 was
US$12.7mn, primarily for repayment of bank loans amounted
to US$34.1mn, partially offset with additional working capital
loan of US$17.5mn.
Overall, as at 30th June 2021, the Company's cash and cash
equivalents were at US$16.1mn. This cash balance excluded
restricted cash in relation to Debt Service amounted
US$66.7mn, which include IPO proceeds, of which US$59.3mn
has been used in early July for reduction of long term debt.
Note: The financial results for the six months ended 30th June 2021 and 2020 have been prepared in accordance with Indonesian Financial Accounting Standards and are unaudited.
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