Integrated
Annual Report 2011

Feedback

PDF ↓ download Report

Grupa LOTOS S.A. - Integrated Annual Report 2011
skip nav

Consolidated statement of cash flows

      • Facebook
      • Twitter
      • LinkedIn
      • Google+
      • E-mail

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.