DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. AND ...

Doosan Heavy Industries & Construction Co., Ltd. and SubsidiariesConsolidated Statements of Cash Flows, ContinuedFor the years ended December 31, 2012 and 2011(In thousands of won) Note 2012 2011Cash flows from financing activitiesNet increase (decrease) in short-term borrowings ₩ (649,457,910) 281,613,608Repayment of current portion of long-term debt (394,110,171) (510,000,000)Proceeds from issuance of debentures 547,165,200 653,940,293Proceeds from long-term borrowings 944,344,000 228,321,470Repayment of long-term borrowings (10,840,289) (26,067,538)Stock option exercised 538,860 1,265,300Dividends paid (66,874,245) (67,375,866)Acquisition of treasury stock - (49,999,638)Others - (34,245)Net cash provided by financing activities 370,765,445 511,663,385Effect of exchange rate fluctuations on cash held (7,503,144) (20,040,510)Net increase (decrease) in cash and cash equivalents 351,177,138 (734,352,199)Cash and cash equivalents at 1 January 783,253,494 1,517,605,693Cash and cash equivalents at 31 December ₩ 1,134,430,632 783,253,494See accompanying notes to the consolidated financial statements.10