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- Consolidated Statement of cash flows
Consolidated Statement of cash flows
in PLN millions, unless otherwise stated
CONSOLIDATED STATEMENT OF CASH FLOWS | from 1 January 2018 to 31 December 2018 | from 1 January 2017 to 31 December 2017 | |
---|---|---|---|
Cash flow from operating activities | |||
| Profit before income tax | 2 466 | 2 299 |
Note 9.3 | Depreciation/amortisation recognised in profit or loss | 1 796 | 1 609 |
Note 6.1 | Share of losses of joint ventures accounted for using the equity method | 662 | 474 |
Note 6.2 | Gains due to the reversal of allowances for impairment on loans granted to joint ventures | (733) | - |
Note 6.2 | Interest on loans granted to joint ventures | (257) | (319) |
| Interest and other costs of borrowings | 109 | 148 |
Note 4.4 | Other impairment losses/(reversal) of impairment loss on non-current assets | 69 | 503 |
Exchange differences, of which: | (36) | 210 | |
from investment activities and cash | 593 | 1 461 | |
from financing activities | (629) | (1 251) | |
Change in provisions and employee benefits liabilities | 244 | (25) | |
| Change in derivatives | (121) | 202 |
Note 12.9 | Other adjustments | 62 | (68) |
Exclusions of income and costs, total | 1 795 | 2 734 | |
Income tax paid | (802) | (983) | |
Note 10.4 | Changes in working capital | 367 | (996) |
Net cash generated from operating activities | 3 826 | 3 054 | |
Cash flow from investing activities | |||
Note 9.1.3 | Expenditures on mining and metallurgical assets, including: | (2 609) | (2 527) |
Interest paid | (160) | (56) | |
Expenditures on other property, plant and equipment and intangible assets | (266) | (269) | |
Note 6.1 | Acquisition of newly-issued shares of joint ventures | (666) | (461) |
Other expenses | (83) | (123) | |
Total expenses | (3 624) | (3 380) | |
Proceeds | 85 | 40 | |
Net cash used in investing activities | (3 539) | (3 340) | |
Cash flow from financing activities | |||
Proceeds from borrowings | 2 276 | 2 442 | |
| Other proceeds | 19 | 6 |
| Total proceeds | 2 295 | 2 448 |
Repayments of borrowings | (2 110) | (2 072) | |
Note 12.2 | Dividends paid to shareholders of the Parent Entity | - | (200) |
| Interest paid and other costs of borrowings | (119) | (157) |
| Other | - | (1) |
| Total expenses | (2 229) | (2 430) |
| Net cash generated from financing activities | 66 | 18 |
| TOTAL NET CASH FLOW | 353 | (268) |
Exchange gains/(losses) | 18 | (6) | |
| Cash and cash equivalents at beginning of the period | 586 | 860 |
Note 8.5 | Cash and cash equivalents at end of the period | 957 | 586 |