Lastochkino Gnezdo Project Presentation
Cashflow statement
Mn USD
Operating Activities
2009
2010
2011
1H 2011 1H 2012
Mn USD
2009
2010 2011
1H
1H
2011
2012
Profit for the period
162.0
154.3
253.1
96.3
77.5
Investing Activities
Adjustments for
Proceeds from disposal of non-current assets
3.4
1.0
4.0
3.4
1.3
Depreciation and amoritasation
6.5
9.4
9.0
4.4
6.8
Interest received
6.3
3.1
4.8
2.4
8.2
(Gain/loss on disposal of PP&E
(2.0)
(0.0)
(3.1)
(2.1)
(0.9)
Acquisition of PP&E
(7.0)
(10.8) (24.7) (6.7)
(9.7)
Loss on disposal of subsidaries
0
0.2
0.0
0.0
0.0
Loans given
(8.4)
(3.5)
(8.6)
Share of profit on equity
(2.1)
(0.4)
(0.1)
0.0
0.0
0.0
accounted investees
0.0
Loans repaid
0.2
2.0
8.0
1.9
0.8
Gain/(loss) on disposal of other
0.0
0.0
(0.8)
(0.8)
Acquisition of subsidiaries, net of cash acquired
0.5
0.3
0.0
0.0
0.0
investments
0.0
Finance cost, net
24.3
16.1
(48.5)
(7.4)
(7.8)
Disposal of subsidiaries, net of cash disposed of
0.0
(1.2)
(0.6)
0.0
0.0
Impairment losses on loans given
2.4
0.0
0.0
0.0
0.0
Acquisition of other investments
0.0
(9.1) (34.9)
(17.3)
(54.9)
Income tax expense
45.1
44.6
53.9
28.2
21.3
Net cash used in investing activities
(4.9)
(18.3) (52.1)
(18.4)
(54.7)
Cash from operating activities
Financing activities:
before changes in working
238.2
224.6
263.7
118.6
96.9
capital
Proceeds from IPO
0.0
0.0 458.9 472.2
0.0
Change in inventories
81.6
50.0
(180.6)
(62.0)
(68.1)
Proceeds from issue of share capital
0.0
0.0
0.0
0.0
0.0
Change in accounts receivable
(26.0)
(6.6)
(98.4)
(32.0)
(13.1)
Acquisition of non-controlling interest
0.0 (3.2)
(0.1)
0.0
0.0
Change in accounts payable
(196.2)
(219.2)
(27.8)
(15.3)
46.9
Change in provisions
13.2
(24.2)
12.5
(5.3)
(13.4)
Proceeds from disposal of non-controlling
interest
0.0
0.0
0.8 0.8
0.0
Change in other currents assets
(0.5)
(1.1)
0.8
1.0
0.7
Proceeds from borrowings
Income tax paid
(15.9)
(35.6) (64.5)
(48.0)
(30.6)
Repayments from borrowings
Interest paid
(26.0)
(26.8) (37.4)
(19.2)
(15.6)
272.2 355.3 216.2 79.8
(303.4) (283.7) (164.0) (27.2)
90.6
(80.1)
Net cash provided by operating
activities
68.6
(39.0)
(131.8)
(62.2)
3.7
Acquisition of own shares
Dividends paid
0.0
0.0 (15.6) 0.0
(0.4)
(1.0)
(1.3)
0.0 0.0
0.0
Net cash (used in) from financing activities
Net increase in cash and cash equivalents
Cash & cash equivalents at the end of the
period
(32.1)
67.1
496.1 525.6
10.1
31.6
9.9 312.2 445.0
107.5
119.7
492.8 565.2
(40.9)
434.2
Source: audited consolidated IFRS accounts for 2009, 2010, 2011 and condensed consolidated IFRS accounts for 6M
2012
Etalon Group
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