Interim Consolidated Statement of Cash Flows for the nine months ended 30 September 2009
|
|
Nine Months ended 30 September | |||
|
|
2009 |
|
2008 | |
|
|
|
(unaudited) |
|
(unaudited) |
|
|
Notes |
’000 RUR |
|
’000 RUR |
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
| |||
|
Profit/ (Losses) before income tax |
|
3,580,320 |
|
(548,817) |
|
Adjustments to reconcile profit before
| ||||
|
Depreciation |
5 |
1,348,603 |
2,109,120 | |
|
Impairment loss of property, plant and equipment |
5 |
- |
718,957 | |
|
Loss on disposal of property, plant and equipment |
126,521 |
- | ||
|
Financial (income)/expenses |
18 |
(165,565) |
(490,449) | |
|
Other |
187,210 |
50,224 | ||
|
Operating cash flows before working capital changes and income tax paid |
5,077,089 |
|
1,839,035 | |
|
Working capital changes: |
| |||
|
Change in accounts receivable and prepayments |
(1,039,679) |
(2,588,540) | ||
|
Change in inventories |
494,975 |
(755,212) | ||
|
Change in other assets |
(90,589) |
(207,892) | ||
|
Change in other non-current assets |
460,061 |
(219,061) | ||
|
Change in accounts payable and accruals |
(949,607) |
3,223,178 | ||
|
Change in other non-current liabilities |
511,190 |
(230,720) | ||
|
Change in taxes payable other than income tax |
23,021 |
(74,053) | ||
|
Cash provided by operating activities
|
4,486,461 |
|
986,735 | |
|
Interest paid |
|
(110,647) |
(211,092) | |
|
Income tax paid |
(198,758) |
(460,828) | ||
|
Net cash generated from operating activities |
4,177,056 |
|
314,815 | |
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
| |||
|
Acquisition of property, plant and equipment |
(7,921,478) |
(7,388,020) | ||
|
Proceeds from/(acquisition of) short-term deposits |
3,901,413 |
7,757,540 | ||
|
Interests received |
18 |
289,211 |
723,578 | |
|
Proceeds from disposal of property, plant and equipment |
3,421 |
13,464 | ||
|
Net cash from/(used in) investing activities |
(3,727,433) |
|
1,106,562 | |
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
| |||
|
Proceeds from borrowings |
- |
2,275,979 | ||
|
Issue of share capital |
- |
- | ||
|
Repayment of borrowings |
- |
(3,569,864) | ||
|
Disposal/(acquisition) of treasury shares |
- |
177 | ||
|
Dividends paid |
(795) |
(568,695) | ||
|
Net cash (used in)/generated from financing activities |
(795) |
|
(1,862,403) | |
|
Change in cash and cash equivalents |
|
448,828 |
(441,026) | |
|
Cash and cash equivalents at the beginning of the period |
|
215,014 |
648,427 | |
|
Cash and cash equivalents at the end of the period |
663,842 |
|
207,401 | |
