Annual report 2012

Statement of Cash Flows

Statement of Cash Flows of Telekom Slovenije, d. d. as at 31 December 2012

EUR thousand    Notes  2012 2011
Cash flows from operating activities      
Profit before tax   51,460 35,615
Adjustments for:      
Depreciation and amortisation expense 11 , 12 , 16 139,393 152,637
Impairment and write-offs of property, plant and equipment   3,134 3,930
Profit or loss on disposal of property, plant and equipment   -1,194 -1,318
       
Finance income 7 -22,584 -32,159
Finance costs 8 33,204 64,906
       
Change in assets held for sale 18 639 1,203
Change in trade and other receivables 20 -14,854 -6,674
Change in other non-current assets 15 , 16 12,379 -2,614
Change in inventories 19 346 -2,021
       
Change in provisions 25 -3,260 7,246
Change in deferred income 24 , 30 -12,588 -2,585
Change in accruals   1,327 1,530
Change in trade and other payables   32,064 2,288
       
Income tax paid   -16,334 -19,467
Net cash from operating activities   203,132 202,517
Cash flows from investing activities      
Receipts from investing activities   65,057 129,769
Proceeds from sale of property, plant and equipment   994 2,711
Dividends received   4,237 9,291
Interest received   16,015 9,741
Disposal of non-current investments   15,768 82,850
Disposal of current investments   28,043 25,176
       
Disbursements from investing activities   -181,933 -187,295
Acquisition of property, plant and equipment   -64,987 -51,266
Acquisition of intangible assets   -13,173 -8,374
Acquisition of investments   -64,707 -24,419
Investments in subsidiaries and joint ventures   -11,470 -94,128
Interest bearing loans   -27,596 -9,108
Cash used in investing activities   -116,876 -57,526
Cash flows from financing activities      
Proceeds from financing activities   0 0
Current borrowings   0 0
       
Disbursements from financing activities   -98,397 -137,712
Repayment of current borrowings   0 -5,000
Repayment of non-current borrowings   -35,455 -91,097
Interest paid   -17,469 -19,521
Dividends paid   -45,473 -22,094
Cash flow used in financing activities   -98,397 -137,712
Net increase/decrease in cash and cash equivalents   -12,141 7,279
Closing balance of cash   31,803 43,944
Opening balance of cash   43,944 36,665