Annual report 2005 - Sava dd

a n n u a l r e p o r t | 2 0 0 5
1 9 2 |
JAN-DEC 2005 JAN-DEC 2005 JAN-DEC 2004
(SIT in thousands)
JAN-DEC 2004
INFLOWS OUTFLOWS INFLOWS OUTFLOWS
c) Net cash used in investing activities (a minus b), or 0 0
Net cash used in investing activities (b minus a) 5,617,984 4,747,698
C. CASH FLOWS FROM FINANCING ACTIVITIES
a) Inflows from financing activities 8,156,322 7,722,385
Financial revenues from financing activities 0 321,993
Extraordinary revenues from financing activities 50 0
Increase in capital 0 6,847,244
Offset increase in long-term provisions 0 0
Offset increase in long-term financial liabilities 330,551 0
Offset increase in short-term financial liabilities 7,825,721 553,148
b) Outflows from financing activities 3,181,386 2,137,768
Financial expenses from financing activities 1,224,787 1,084,156
Extraordinary expenses from financing activities 0 0
Decrease in capital 1,926,426 0
Offset decrease in long-term provisions 35,167 9,649
Offset decrease in long-term financial liabilities 0 1,054,192
Offset decrease in short-term financial liabilities 0 0
Decrease in dividends payable -4,994 -10,229
c) Net cash used in financing operations (a minus B), or 4,974,936 5,584,617
Net cash used in financing operations (b minus a) 0 0
D. Cash and cash equivalent at end of period 2,545 3,922
Net increase in cash and cash equivalents
(sum net cash used Ac, Bc and Cc) -1,377 3,056
Cash and cash equivalents at beginning of period 3,922 866
In the 2005 cash flow statement the following items
were excluded as non-cash ones:
• depreciation in intangible fixed assets in the amount of
24,904,000 tolars;
• depreciation in tangible fixed assets in the amount of
651,405,000 tolars;
• revaluation adjustment in receivables in the amount of
24,662,000 tolars;
• financial expenses from shares in losses of subsidiaries
in the amount of 140,729,000 tolars;
• financial expenses due to impairments in loans of
associates in the amount of 150,894,000 tolars;
• receivables and liabilities for buyback of securities in
the amount of 1,363,123,000 tolars;
• specific equity revaluation adjustments in the amount
of 5,946,934,000 tolars.