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Consolidated Cash Flow Statement
for the year ended | |||
---|---|---|---|
Note | 31 December 2013 | 31 December 2012 | |
Net profit | 525,445 | 598,298 | |
Adjustments for: | 334,290 | 244,920 | |
Depreciation, amortization, impairment and disposal | 10 | 256,416 | 243,066 |
Payments for film licenses and sports rights | (222,456) | (177,868) | |
Amortization of film licenses and sports rights | 220,371 | 194,521 | |
Gain on sale of property, plant and equipment and intangible assets | (35,765) | (111) | |
Cost of programming rights sold | 6,407 | 9,244 | |
Interest expense | 183,811 | 205,185 | |
Change in inventories | 14,839 | 16,173 | |
Change in receivables and other assets | 60,908 | (106,816) | |
Change in liabilities, provisions and deferred income | (104,939) | 67,872 | |
Change in internal production and advance payments | 6,477 | 2,093 | |
Valuation of hedging instruments | 14,404 | (31,345) | |
Share of the profit of jointly controlled entity accounted for using the equity method | (2,924) | (2,897) | |
Foreign exchange losses/(gains), net | 16,294 | (111,076) | |
Income tax | 13 | 67,376 | 97,349 |
Net additions of reception equipment provided under operating lease | (158,859) | (164,008) | |
Other adjustments | 11,930 | 3,538 | |
Cash from operating activities | 859,735 | 843,218 | |
Income tax paid | (67,486) | (78,733) | |
Interest received from operating activities | 10,410 | 16,882 | |
Net cash from operating activities | 802,659 | 781,367 | |
Acquisition of property, plant and equipment | (60,845) | (54,937) | |
Acquisition of intangible assets | (62,041) | (36,240) | |
Acquisition of subsidiaries, net of cash acquired | 37 | (64,266) | (45,711) |
Disposal of a subsidiary | 48,736 | - | |
Proceeds from sale of property, plant and equipment | 2,064 | 751 | |
Loans granted | - | (1,100) | |
Repayment of loans granted | - | 1,100 | |
Dividends received | 2,515 | 2,706 | |
Net cash used in investing activities | (133,837) | (133,431) | |
Repayment of loans and borrowings | 30 | (431,117) | (453,324) |
Finance lease – principal repayments | (330) | (335) | |
Payment of interest on loans, borrowings, bonds, Cash Pool, finance lease and commissions* | (165,017) | (199,617) | |
Other net financing outflows | - | (71) | |
Net cash used in financing activities | (596,464) | (653,347) | |
Net increase/(decrease) in cash and cash equivalents | 72,358 | (5,411) | |
Cash and cash equivalents at the beginning of the period | 270,354 | 277,534 | |
Effect of exchange rate fluctuations on cash and cash equivalents | (461) | (1,769) | |
Cash and cash equivalents at the end of the period | 342,251 | 270,354 |
* Includes impact of hedging instruments
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