Investor Presentaiton
26
Rostelecom
Cash Flow Statement¹
Bln RUR
CASH FLOW STATEMENT
FINANCIALS
1Q 2012
1H 2012
9M 2012
1Q 2011
1H 2011
9M 2011 2011
2010
Cash flows from operating activities
Profit before income tax
17,202
27,674
39,308
12,646
23,600
35,195 53,940
40,513
Adjustments to reconcile profit before tax to cash generated
from operations:
Depreciation and amortization
16,616
32,109
48,101
13,862
29,794
45,079 57,427
56,605
Loss on sale of property, plant and equipment
0,383
0,283
0,540
0.005
0,586
0,967
0,287
0.933
Impairment losses /(reversal of impairment losses)
0,000
0,000
Finance costs excluding finance costs on pension and other It
social liabilities
3,429
7.297
11,464
3,529
6,102
9,263
11,434
10,374
Other non-cash (gains) / loss
(0,525)
Other investing and financing gains
(0,991)
(0,931)
(1,791)
(0,090)
Other cash flows from operating activities
Share-based payment expenses
Changes in net working capital:
Cash generated from operations
Interest paid
Income tax paid
(1,770)
(1,427)
(2,644)
(2,647)
(0,469)
(2,926)
(1,426)
(2,656)
(2,745)
(1,793)
(2,547)
0,530
0,041
0,041
0.041
0,000
0,411
0,513
0,588
3,930
(4,913)
(9,220)
(5,591)
(8,667)
(4,553)
(6,413) (13,192)
(4,075)
29.997
55,826
89,428
18,113
52,545
81,385
105,282
106,064
(3,529)
(7,470)
(11,757)
(3,562)
(6,430)
(9,544) (11,234)
(11,356)
(2,233)
(4,348)
(4,495)
(2,691)
(3,244)
24,235
44,008
73,176
11,860
42,871
(8,995) (9,050)
62,846 84,998
(9,704)
85,004
Net cash provided by operating activities
Cash flows from investing activities
Purchase of PPE and intangible assets
(20,426)
(41,858)
(63,460)
Proceeds from sale of property, plant and equipment
0,049
0,147
1,225
(15,332)
0,325
(26,745)
0,629
Acquisition of financial assets.
(3,578)
(3,509)
Proceeds from disposals of financial assets
Purchase of subsidiaries, net of cash acquired
4,296
(0,986)
5,513
(1,175)
(3,764)
7,991
(1,287)
(2,793)
0,705
(4,054)
6,008
(42,647) (82,776)
0,752
(5,456)
8,041
1,484
(51,845)
1,284
(8,565)
9,176
(10,764)
20,152
(29,967)
(30,005)
(32,285) (32,281)
(4,548)
Other cash flows from investing activities
Acquisition of equity accounted investees
2,232
2,470
Net cash used in investing activities
(20,576)
(40,684)
(58,183)
(0,103)
(46,765)
(3,640)
(56,443)
(3,640) (3,640)
(73,570) (114,370)
(26,000)
(69,251)
Cash flows from financing activities
Purchase of treasury shares
(18,975)
Sale of treasury shares
1,338
Proceeds from bank and corporate loans
110,589
(21,367)
2,224
247,216
(21,928)
(0,006)
(0,006)
(0,006) (1,486)
(25,343)
2,224
380,463
1,754
62,745
95,518
Repayment of bank and corporate loans
(80,557)
(209,045)
(343,289)
(27,602)
(79,350)
Repayment of bonds
(0,659)
(3,377)
(6,436)
(3,300)
(3,706)
Proceeds from promissory notes
7,650
21,882
22,863
12,050
Repayment of promissory notes
Other cash flows from financing activities
Net cash used in financing activities
(2,250)
(21,863)
(22,946)
(12,093)
13,146
(13,539)
167,438 289,469
(150,061) (246,941)
(8,398) (13,932)
13,490
123,353
(83,215)
(11,077)
0,750
5,340
Dividends paid to shareholders of the Group
(0.001)
(0,362)
(12,808)
(14,333)
(16,627)
(17,136)
(1,007)
(2,291)
2,802
(1,319)
(18,993)
30,787
9,772
(14,840) (1,768)
(0,113) (0,116)
(3,324) (3,479)
4,186 24,251
(7,276)
(14,106)
(4,481)
(16,805)
Net (decrease)/increase in cash and cash equivalents
6,461
2,005
(4,011)
(4,118)
(3,800)
(6,538) (5,450)
(0,994)
Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at the end of year
(0,021)
0,011
(0,011)
(0,041)
(0,056)
7,380
7,380
7,380
12,694
12,694
13,821
9,396
3,369
8.535
8,838
6,141
(0,015)
0,000
12,694 12,627
7,177
0,000
13,621
12,627
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1 - Consolidated results of the merged companies and Rostelecom according to IFRSView entire presentation