in PLN millions, unless otherwise stated

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Note
 
2016
2015
 
Cash flow from operating activities
 
Loss before income tax
(3 375)
(1 938)
9.3
Depreciation/amortisation recognised in profit or loss
956
875
 
Interest and other costs of borrowings
128
85
4.4
Impairment losses on non-current assets
6 197
5 272
12.9
Other adjustments to profit before income tax
( 193)
( 430)
 
Exclusions of income and costs, total
7 088
5 802
 
Income tax paid
( 468)
( 880)
10.4
Changes in working capital
352
295
 
Net cash generated from operating activities
3 597
3 279
 
 
Cash flow from investing activities
9.1.2
Expenditures on mining and metallurgical assets
(2 585)
(2 442)

Expenditures  on other property, plant and equipment and intangible assets
( 19)
( 39)
6.2
Loans granted
( 834)
(4 245)

Other expenses
( 85)
( 196)

Total expenses
(3 523)
(6 922)

Proceeds
33
50

Net cash used in investing activities
(3 490)
(6 872)

 
Cash flow from financing activities
8.4.2
Proceeds from borrowings
3 198
4 956

Other proceeds
8
-

Total proceeds
3 206
4 956
8.4.2
Repayments of borrowings
(2 601)
( 375)
12.2
Dividends paid
( 300)
( 800)
 
Interest paid and other costs of borrowings
( 119)
( 75)
 
Other payments
-
( 23)
 
Total expenses
(3 020)
(1 273)
 
Net cash generated from financing activities
186
3 683

 
TOTAL NET CASH FLOW
293
90
 
Cash and cash equivalents at beginning of the period
158
85
 
Exchange gains/(losses) on cash and cash equivalents
31
( 17)
Cash and cash equivalents at end of the period
482
158