TŽ Annual Report 2008 in pdf, 7.5 MB - Třinecké železárny

CONSOLIDATED CASH FLOW STATEMENT(CZK thousand)Year ended 31.12.2008 Year ended 31.12.2007 Year ended 31.12.2006P. Cash and cash equivalents at the beginning of the accounting period 3 449 247 2 044 296 1 233 834Cash flows from ordinary activitiesZ. Profit/(loss) from ordinary activities before tax 1 753 874 5 124 935 3 593 271A.1. Adjustments for non-cash transactions 2 032 007 1 327 042 918 024A.1.1. Depreciation of fixed assets (+) excluding net book value of fixed assets1 298 092 1 356 884 1 254 707sold, amortisation of goodwill and goodwill on consolidationA.1.2. Change in provisions and reserves 674 253 –151 038 –401 220A.1.3. Profit/(loss) on the sale of fixed assets (-/+) –29 239 –7 758 –11 503A.1.4. Revenues from dividends and profit shares (-), with the exception of dividends–5 417 12 118 –894paid by Group entitiesA.1.5. Interest expense (+) excluding capitalized interest and interest income (-) 45 116 66 427 90 462A.1.6. FX differences and other non-cash transactions 49 202 50 409 –13 528A.* Net cash flow from operating activities before tax, movements3 785 881 6 451 977 4 511 295in working capital and extraordinary itemsA.2. Change in non-cash component of working capital –699 954 725 017 –421 463A.2.1. Change in receivables from operating activities(+/-), deferred expenses,658 211 189 860 180 865accrued income and estimated assetsA.2.2. Change in short-term payables from operating activities (+/-), accrued293 772 542 585 22 105expenses, deferred income and estimated liabilitiesA.2.3. Change in inventory –1 688 769 –259 909 –790 965A.2.4. Change in current financial assets not included in cash and cash36 832 252 481 166 532equivalentsA.** Net cash flow from operating activities before tax and extraordinary3 085 927 7 176 994 4 089 832itemsA.3. Interest paid (-), except interest capitalized –118 300 –114 135 –126 192A.4. Interest received (+) 70 973 46 998 42 077A.5. Income tax paid from operating activities, additional tax paid for previous–988 388 –954 943 –649 004periods (-)A.6. Receipts and expenditures relating to extraordinary activities, which form–104 84 413extraordinary profit or loss, including income tax paid from extraordinaryactivities (+/-)A.7. Received dividends and profit shares (+) 50 785 42 281 88 895A.*** Net cash flow from operating activities 2 100 893 6 197 279 3 446 021Cash flows from investing activities 0B.1. Fixed assets expenditures –2 339 629 –1 784 181 –1 656 487B.2. Receipts from fixed assets sold 41 904 132 755 328 059B.4. Cash flows from the acquisition of business or its part –1 039 408 –344 634B.*** Net cash flow from investing activities –3 337 133 –1 996 060 –1 328 428Cash flow from financial activitiesC.1. Change in long-term or short-term payables which fall into cash and cash314 549 –771 162 –477 984equivalent in financing activitiesC.2. Impact on cash and cash equivalents due to change in equity –19 950 –2 025 106 –829 147C.2.1. Increase in cash and cash equivavalents due to a change in share capital,share premium, reserve fund, including prepayments made for thisincrease (+)C.2.5. Payments made from funds (-) 627 –280 –3 219C.2.6. Dividends and profit shares paid, including withholding tax related to these–20 577 –2 024 826 –825 928claims and including financial settlement with partners (-), exceptfor dividends and profit shares paid between Group entitiesC.*** Net cash flow from financial activities 294 599 –2 796 268 –1 307 131F. Net increase or decrease of cash and cash equivalents –941 641 1 404 951 810 462R. Cash and cash equivalents at the end of the accounting period 2 507 606 3 449 247 2 044 296A N N U A L R E P O R T T Ř I N E C K É Ž E L E Z Á R N Y , a . s . 2 0 0 871