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- LOTOS Annual Report 2011 /
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- Financial data /
- Consolidated financial statements 2011 /
- Consolidated statement of cash flows
Consolidated statement of cash flows
Consolidated statement of cash flows year ended Dec 31 2011
(PLN '000) | Note |
Year ended Dec 31 2011 |
Year ended Dec 31 2010 (restated) |
---|---|---|---|
Cash flows from operating activities | |||
Net profit from continuing operations | 649,322 | 681,353 | |
Adjustments: | |||
Share in net profit of equity-accounted subordinated entities | 21 | (2,896) | (18,649) |
Depreciation and amortisation | 31 | 608,608 | 389,901 |
Foreign exchange (gains)/losses | 284,656 | 155,181 | |
Interest and dividends | 145,912 | 58,344 | |
(Gain)/loss from investing activities | 182,728 | 87,097 | |
Current income tax | 13.1 | (97,943) | 40,586 |
Income tax paid | (182,005) | (84,219) | |
(Increase) in receivables | 31 | (441,378) | (298,709) |
(Increase) in inventories | 31 | (1,352,908) | (1,483,647) |
Increase in liabilities and accruals and deferred income | 31 | 1,006,005 | 1,159,614 |
Increase in provisions | 31 | 38,200 | 9,851 |
(Increase) in prepayments and accrued income | 31 | (13,655) | (6,969) |
Settlement and valuation of financial instruments | 130,430 | 193,036 | |
Other adjustments | 31 | (52,717) | (77) |
Net cash provided by/(used in) operating activities | 902,359 | 882,693 | |
Cash flows from investing activities | |||
Dividends received | 514 | 10,490 | |
Interest received | 3,135 | 1,378 | |
Sale of property, plant and equipment and intangible assets | 13,676 | 15,642 | |
Sale of non-current financial assets | 680 | - | |
Sale of current financial assets | - | 83 | |
Repayment of loans advanced | 308 | - | |
Loss of control over subsidiary, net of cash | 1,104 | - | |
Other cash inflows on financial assets | 971 | - | |
Other cash provided by investing activities | - | 3,012 | |
Loans advanced | (1,805) | (8) | |
Acquisition of UAB Meditus, net of cash acquired | (108,879) | - | |
Purchase of property, plant and equipment and intangible assets | 31 | (629,333) | (1,027,273) |
Prepayments for tangible assets under construction | (48,662) | (57,064) | |
Purchase of non-current financial assets | (16,256) | (14) | |
Other cash outflows on financial assets | 31 | (48,643) | - |
Other cash used in investing activities | (13,753) | (1,836) | |
Net cash provided by/(used in) investing activities | (846,943) | (1,055,590) | |
Cash flows from financing activities | |||
Increase in borrowings and other debt instruments | 876,876 | 1,273,297 | |
Issue of notes | 572,712 | 102,670 | |
Cash flows attributable to changes in interest in a subsidiary not resulting in loss of control over non-current financial assets | (9,726) | (11,554) | |
Other cash provided by financing activities | 2,216 | - | |
Repayment of borrowings and other debt instruments | (597,082) | (630,530) | |
Redemption of notes | (628,000) | (50,000) | |
Interest paid | (137,075) | (97,804) | |
Decrease in finance lease liabilities | (8,532) | (4,786) | |
Settlement of financial instruments | (106,912) | (119,585) | |
Other cash used in financing activities | (59) | (3,020) | |
Net cash provided by/(used in) financing activities | (35,582) | 458,688 | |
Effect of exchange rate fluctuations on cash held | 23,485 | (1,970) | |
Change in net cash | 31 | 43,319 | 283,821 |
Cash at beginning of the period | 31 | 118,233 | (165,588) |
Cash at end of the period | 31 | 161,552 | 118,233 |
- restricted cash | 30 | 4,384 | 33,654 |
This is a translation of a document originally issued in Polish.
The Notes to the consolidated financial statements, presented on following pages, are their integral part of the statements.