2012 Annual Report - Italcementi Group

The income statement and the statement of cash flows of the discontinued Afyon and Fuping operations are
set out below:
(in millions of euro)
2012 2011
Income statement Afyon Fuping Afyon Fuping
Revenue 1.6 8.4 20.1 43.1
Recurring EBITDA (0.5) (2.1) (1.7) (2.1)
EBITDA (0.5) (2.1) (1.7) (2.1)
EBIT (0.9) (3.3) (3.3) (6.6)
Profit (loss) before tax (0.8) (4.2) (2.9) (9.5)
Income tax expense - - 0.1 0.2
Profit (loss) relating to discontinued
operations (0.8) (4.2) (2.8) (9.3)
Attributable to:
Owners of the parent (0.3) (3.5) (1.2) (7.8)
Non-controlling interests (0.5) (0.7) (1.6) (1.5)
In the IFRS 5 income statement for 2011 the line “Profit (loss) relating to discontinued operations” was 94.8
million euro and included the sale of Set Group for 106.9 million euro.
(in millions of euro)
2012 2011
Statement of cash flows Afyon Fuping Set Group Afyon Fuping
Cash flow from operating activities (1.2) 1.1 - (1.9) (10.5)
Cash flow from divesting (investing) activities (0.1) (0.7) - (1.2) (2.7)
Cash flow from financing activities - 11.6 - (0.5) 17.0
Proceeds from sales 22.8 (1.7) - - -
Sold cash and cash equivalents (2.6) (22.8) 262.2 - -
Translation differences 0.2 (0.2) (5.3) (1.2) 0.9
Net cash flows from discontinued operations 19.2 (12.8) 256.9 (4.8) 4.8
At December 31, 2011, the contribution to the consolidated statement of financial position of discontinued
operations in 2012 was as follows:
(in millions of euro)
Afyon
Fuping
Non-current assets 22.7 69.2
Current assets 10.4 24.5
Equity 29.3 46.9
Non-current liabilities 1.2 -
Current liabilities 2.6 46.8
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