Interim Consolidated Statement of Cash Flows for the nine months ended 30 September 2010
|
|
Nine Months ended 30 September | |||
|
|
2010 |
|
2009 | |
|
|
|
(unaudited) |
|
(unaudited) |
|
|
Notes |
’000 RUR |
|
’000 RUR |
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
| |||
|
Profit/ (Losses) before income tax |
1,120,027 |
|
3,580,320 | |
|
Adjustments for: |
| |||
|
Depreciation |
1,487,768 |
1,348,603 | ||
|
Loss on disposal of property, plant and equipment |
5 |
15,958 | ||
|
Finance income, net |
288,991 |
(165,565) | ||
|
Other |
17 |
(57,941) |
187,210 | |
|
Cash from operating activities before changes in working capital |
2,854,803 |
5,077,089 | ||
|
Working capital changes: |
|
| ||
|
Change in accounts receivable and prepayments |
978,637 |
(1,039,679) | ||
|
Change in inventories |
(929,558) |
494,975 | ||
|
Change in other assets |
(68,890) |
(90,589) | ||
|
Change in other non-current assets |
(136,783) |
460,061 | ||
|
Change in accounts payable and accruals |
6,653,569 |
(949,607) | ||
|
Change in other non-current liabilities |
77,090 |
511,190 | ||
|
Change in taxes payable other than income tax |
(42,499) |
23,021 | ||
|
Cash flows from operations before income, taxes and interest |
9,386,369 |
4,486,461 | ||
|
Interest paid |
|
(269,786) |
|
(110,647) |
|
Income tax paid |
(375,936) |
(198,758) | ||
|
Net cash generated from operating activities |
8,740,647 |
4,177,056 | ||
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
| ||
|
Acquisition of property, plant and equipment |
(5,828,302) |
(7,921,478) | ||
|
Proceeds from short-term deposits |
392,450 |
3,901,413 | ||
|
Interests received |
79,562 |
289,211 | ||
|
Proceeds from disposal of property, plant and equipment |
17 |
4,755 |
3,421 | |
|
Net cash from/(used in) investing activities |
(5,351,535) |
(3,727,433) | ||
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| |
|
Proceeds from borrowings |
1,400,000 |
- | ||
|
Repayment of borrowings |
|
(3,527,936) |
- | |
|
Disposal of treasury shares |
- | |||
|
Dividends paid |
5 |
(795) | ||
|
Net cash (used in)/generated from financing activities |
(2,127,936) |
|
(795) | |
|
Change in cash and cash equivalents |
17 |
1,261,176 |
448,828 | |
|
Cash and cash equivalents at the beginning of the period |
1,197,075 |
215,014 | ||
|
Cash and cash equivalents at the end of the period |
|
2,458,251 |
|
663,842 |
