in PLN millions, unless otherwise stated

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2017
2016
 
Cash flow from operating activities
 
Profit/(loss) before income tax
2 154
(3 375)
9.3
Depreciation/amortisation recognised in profit or loss
1 035
956

    Interest on investment activities
(299)
374
 
Interest and other costs of borrowings
148
128

    Change in other receivables and liabilities
(2)
370

    Change in provisions
43
37
4.4
Impairment losses on non-current assets
940
6 197

    Exchange differences, of which:
(67)
(129)

       from investment activities and cash
1 180
(527)

       from financing activities
(1 247)
398

Change in assets/liabilities due to derivatives
152
(132)
12.9
Other adjustments to profit before income tax
30
35
 
Exclusions of income and costs, total
1  980
7 088
 
Income tax paid
( 934)
( 468)
10.4
Changes in working capital
(1 120)
352
 
Net cash generated from operating activities
2 080
3 597
 
 
Cash flow from investing activities
9.1.2
Expenditures on mining and metallurgical assets
(1 970)
(2 585)

Expenditures  on other property, plant and equipment and intangible assets
( 21)
( 19)
6.2
Loans granted
( 490)
(834)

Other expenses
( 83)
( 85)

Total expenses
(2 564)
(3 523)

Proceeds
52
33

Net cash used in investing activities

(2 512)
(3 490)

 
Cash flow from financing activities

Proceeds from borrowings
2 4163 198

   Proceeds from cash pool160-

Other proceeds
-8

Total proceeds
2 5763 206

Repayments of borrowings
(2 030)
( 2 601)
12.2
Dividends paid
( 200)
( 300)
 
Interest paid and other costs of borrowings
( 138)
( 119)
 
Total expenses
(2 368)
(3 020)
 
Net cash generated from financing activities
208186

 
TOTAL NET CASH FLOW
(224)293
 
Cash and cash equivalents at beginning of the period
482158
 
Exchange gains/(losses) on cash and cash equivalents
(24)31
Cash and cash equivalents at end of the period
234482

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