Presentation - Severstal

Summary of Cash Flow Statement
$ million Q3 2010 Q2 2010 9M 2010 9M 2009
Profit/ (Loss) before Financing and Taxation 538 722 1,484 (259)
Cash Generated from Operations 924 587 1,506 1,193
Interest Paid (184) (83) (415) (401)
Income Tax Paid (26) (100) (193) (7)
Net cash from operating activities - continuing operations 714 404 898 786
Net cash (used in)/from operating activities - discontinued
operations
(19) 13 (71) 57
Net Cash from Operating Activities 695 417 827 843
Cash (used in)/from investing activities - continuing
operations
(338) (362) (1,072) 28
Cash used in investing activities - discontinued operations (30) (35) (87) (104)
Cash used in Investing Activities (368) (397) (1,158) (76)
Additions to PP&E and IA (368) (297) (872) (604)
Cash used in financing activities - continuing operations (226) (327) (125) (384)
Cash used in financing activities - discontinued operations 16 (31) (33) (120)
Cash used in Financing Activities (210) (358) (158) (504)
Effect of Exchange Rates on Cash and Cash Equivalents 92 (145) (52) 20
Net (decrease)/increase in Cash and Cash Equivalents 209 (483) (541) 283
Net decrease/(increase) in Cash and Cash Equivalents of
discontinued operations
6 90 (257) 0
Cash and Cash Equivalents at Beginning of the Period 1,840 2,233 2,853 2,654
Cash and Cash Equivalents at End of the Period 2,055 1,840 2,055 2,937
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