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Annual separate financial statements

 

For the period

from 1 January 2012

to 31 December 2012

from 1 January 2011

to 31 December 2011

restated

Cash flow from operating activities

   

Profit for the period

4 868

11 394

Total adjustments to profit for the period:

2 583

(1 341)

Income tax recognised in profit or loss

1 549

2 333

Amortisation/Depreciation

772

672

Gains on sale of a subsidiary and an associate

-

(2 662)

Impairment loss on loan, property, plant and equipment, and available-for-sale financial assets

185

-

Interest and share in profits (dividends)

(58)

(288)

Foreign exchange (gains)/losses

856

(871)

Change in provisions

70

34

Change in assets/liabilities due to derivatives

(2)

(546)

Reclassification of other comprehensive income to profit or loss as a result of realisation of derivatives

(333)

(241)

Other adjustments

4

(7)

Changes in working capital:

(460)

235

Inventories

(636)

(344)

Trade and other receivables

(180)

544

Trade and other payables

356

35

Income tax paid

(2 748)

(1 285)

Net cash generated from operating activities

4 703

8 768

Cash flow from investing activities

   

Purchase of shares and investment certificates in subsidiaries

(9 604)

(201)

Proceeds from sale and liquidation of shares in subsidiaries

-

982

Purchase of interest in joint ventures

(33)

-

Proceeds from sale of shares in an associate

-

3 672

Purchase of property, plant and equipment and intangible assets

(1 647)

(1 406)

Advances granted for purchase of property, plant and equipment and intangible assets

(93)

(59)

Proceeds from sale of property, plant and equipment and intangible assets

16

6

Purchase of available-for-sale financial assets

-

(1 566)

Proceeds from sale of available-for-sale financial assets

-

1 548

Purchase of mine closure financial assets

(27)

(26)

Establishment of deposits

-

(450)

Termination of deposits

-

800

Loans granted

(8)

-

Repayments of loans granted

5

5

Interest received

3

12

Dividends received

57

277

Other investment expenses

(4)

(4)

Net cash (used in)/generated from investing activities

(11 335)

3 590

Cash flow from financing activities

   

Proceeds from borrowings

1 039

-

Payments of finance leases liabilities

-

(13)

Dividends paid

(5 668)

(2 980)

Other financial proceeds/(expenses)

10

-

Net cash used in financing activities

(4 619)

(2 993)

Total net cash flow

(11 251)

9 365

Exchange gains on cash and cash equivalents

(878)

876

Movements in cash and cash equivalents

(12 129)

10 241

Cash and cash equivalents at beginning of the period

12 836

2 595

Cash and cash equivalents at end of the period

707

12 836

including restricted cash and cash equivalents

1

3

Amounts in tables in million PLN, unless otherwise stated.

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