Consolidated financial statements 
Consolidated statement of cash flows
Consolidated statement of cash flows
Consolidated statement of cash flows
| < Prev | Next > |
|---|
Â
| (PLN ‘000) | Note | Year ended Dec 31 2009 | Year ended Dec 31 2008 |
|---|---|---|---|
| (comparable data) | |||
| Cash flows from operating activities | |||
| Net profit/(loss) from continuing operations | 911,812 | (389,415) | |
| Adjustments: | |||
| Share in net profit of subordinated undertakings accounted for using the equity method | (8,227) | (26,551) | |
| Depreciation and amortisation | 284,793 | 315,012 | |
| Foreign exchange (gains)/losses | (455,858) | 366,730 | |
| Interest and dividends | 36,864 | 13,028 | |
| (Profit)/loss on investing activities | 231,013 | 29,564 | |
| Income tax paid | (187,291) | (308,695) | |
| Current income tax | 41 | 197,796 | (114,285) |
| (Increase)/decrease in receivables | 25 | (187,480) | 164,938 |
| (Increase)/decrease in inventories | 25 | (575,767) | 141,685 |
| (Increase)/decrease in liabilities and accurals and deferred income | 25 | 692,711 | (109,199) |
| (Decrease)/increase in provisions | 25 | (48,866) | 35,511 |
| Decrease/(increase) in prepayments and accrued income | 25 | 19,045 | (44,883) |
| Settlement of financial instruments | (216,047) | 238,166 | |
| Other adjustments | - | 64 | |
| Net cash provided by/(used in) operating activities | 694,498 | 311,670 | |
| Cash flows from investing activities | |||
| Dividends received | 1,737 | 27,661 | |
| Interest received | 4,252 | 30,655 | |
| Sale/ (purchase) of property, plant and equipment and intangible assets | (3,072,664) | (1,699,582) | |
| Sale/ (purchase) of current financial assets | 2,758 | 1,509 | |
| Repayment of non-current loans advanced | - | 17 | |
| Non-current loans advanced | - | - | |
| Acquisition of Energobaltic Sp. z o.o., net of cash acquired | 17 | (1,526) | - |
| Acquisition of Rafineria Nafty GLIMAR S.A., net of cash acquired | - | 3,987 | |
| Prepayments for tangible assets under construction | (258,581) | (778,953) | |
| Cash related to loss of control over subsidiary | (367) | - | |
| Other items, net | (15,278) | (2,406) | |
| Net cash provided by/(used in) investing activities | (3,339,669) | (2,417,112) | |
| Cash flows from financing activities | |||
| Increase in loans and borrowings | 2,263,790 | 2,352,749 | |
| Repayment of loans and borrowings | (195,696) | (86,449) | |
| Interest paid | (126,067) | (61,517) | |
| Dividend paid | 29 | (15) | (2,578) |
| Decrease in finance lease liabilities | (1,737) | (737) | |
| Settlement of financial instruments | 216,047 | (238,166) | |
| Other items, net | (478) | (157) | |
| Net cash provided by/(used in) financing activities | 2,155,844 | 1,963,145 | |
| Effect of exchange rate fluctuations on cash held | 2,339 | 3,546 | |
| Change in net cash | (486,988) | (138,751) | |
| Cash and cash equivalents at beginning of period | 25 | 338,353 | 477,104 |
| Cash and cash equivalents at end of period | 25 | (148,635) | 338,353 |
| - restricted cash | 24 | 20,420 | 84,160 |
This is a translation of a document originally issued in Polish
The notes to the financial statements, presented on pages 10-150, are their integral part.
| < Prev | Next > |
|---|