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StartFor investorsFinancial statementsConsolidated financial statements 2000

Summarised Consolidated Cash Flow Statement

Derived from the Audited Consolidated Financial Statements for the Year Ended 31 December 2000

(In Thousands of Russian Roubles in Terms of Purchasing Power of the Rouble at 31 December 2000)

 31 December 2000
Rbl'000
31 December 1999
Rbl'000

CASH FLOW FROM OPERATING ACTIVITIES
Profit/(loss) before profits tax138 658(423 223)
Adjustments for non-cash transactions:
Depreciation109 489148 452
Impairment charge597 046
Loss on disposal of tangible fixed assets18 83422 760
Net interest expense121 005131 268
Monetary and exchange rate effect on non-operating balances(93 203)(75 481)
Loss on disposal and impairment of investments3 554284
Goodwill amortisation - net(16 379)(21 805)
Income from loan and payable forgiveness(11 285)(73 803)
Subsidy from Moscow government received(7 000)(12 013)
Non-cash investing and financing activities(16 840)
Income from investments in other companies(64)
Operating profit before working capital changes246 833293 421
(Increase) / decrease in trade and other receivables(41 216)51 364
(Increase) / decrease in inventories120 7651 825
(Decrease) / increase in trade, other payables and accruals(87 832)70 197
Cash generated from operations238 550416 807
Interest paid(116 030)(139 262)
Profit tax paid(38 266)(185 363)
Net cash from operating activities84 25492 182

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of subsidiary, net of cash acquired(4 384)
Purchase of property, plant and equipment(114 358)(250 219)
Purchase of non-current investments(29 946)
Proceeds from sale of property, plant and equipment4392 156
Proceeds from sale of investments164
Interest received526822
Net cash used in investing activities(143 175)(251 625)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of share capital125 273
Proceeds from re issuance of treasury shares714338
Proceeds from borrowings888 3781 816 818
Repayment of borrowings(900 832)(1 852 882)
Purchase of treasury shares(3 003)(24 289)
Dividends paid to the parent's shareholders(16 075)(43 481)
Subsidy from Moscow government7 00012 013
Dividends paid to minority interests(9)
Effects of inflation and foreign exchange differences on financing activities76 87188 168
Net cash from (used) in financing activities53 044121 958

Effect of inflation and exchange rate changes on cash and cash equivalents(9 552)(12 687)
Net (decrease)/increase in cash and cash equivalents(15 429)(50 172)
Cash and cash equivalents - beginning of the period60 573110 745
Cash and cash equivalents - end of the period45 14460 573

Non-cash transactions

The principal non-cash transactions are the mutual offset and barter transactions executed in the normal course of the Group's business.