Annual Report 2011 - T-Hrvatski Telekom

Consolidated statement of cash flows
For the period ended 31 December 2011
Operating activities
Profit before income tax
Depreciation, amortization and impairment of non-current assets
Interest income
Loss on disposal of assets
Share of profit in joint venture
Decrease in inventories
Decrease/(Increase) in receivables and prepayments
(Decrease)/Increase in payables and accruals
(Decrease)/Increase in employee benefit obligations
Increase/(Decrease) in provisions
Other non-cash items
Notes 2011 2010
HRK millions HRK millions
5
13
19
2,255
1,414
(34)
6
(15)
41
65
(375)
(35)
49
7
2,275
1,415
(8)
2
(11)
39
(48)
73
-
(2)
6
75
Consolidated financial statements
Cash generated from operations
Interest paid
Income tax paid
3,378
(2)
(388)
3,741
(9)
(466)
Net cash flows from operating activities
2,988
3,266
Investing activities
Purchase of non-current assets
Proceeds from sale of non-current assets
Purchase of available-for-sale financial assets
Proceeds from sale of available-for-sale financial assets
Interest received
Dividend received
Acquisition of subsidiary, net of cash acquired
10, 11
(877)
3
(944)
1,065
57
-
-
(1,153)
12
(807)
698
31
6
(176)
Net cash flows used in investing activities
(696)
(1,389)
Financing activities
Repayment of lease liability and borrowings
Dividends paid
24
(11)
(1,863)
(4)
(2,788)
Net cash flows used in financing activities
(1,874)
(2,792)
Net increase/(decrease) in cash and cash equivalents
Exchange gains on cash and cash equivalents
Cash and cash equivalents at 1 January
418
4
3,282
(915)
2
4,195
Cash and cash equivalents at 31 December
17 a)
3,704
3,282
The accompanying accounting policies and notes are an integral part of these financial statements.