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Integrated Annual Report 2012
The Culture of Values

 

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Grupa LOTOS S.A. - Integrated Annual Report 2012

21. Cash structure in the statement of cash flows

 
PLN '000 Dec 31 2012 Dec 31 2011
Cash and cash equivalents 268,333 383,680
Overdraft facilities (508,988) (222,128)
Total (240,655) 161,552
Causes of differences between changes in certain items as shown by the statement of financial position and as shown by the statement of cash flows
Trade receivables
PLN '000
 Note Year ended
Dec 31 2012
Year ended
Dec 31 2011
(restated)
Change in trade receivables   435,202 (334,672)
Change in the Group structure   14,650 17,380
Reclassification to assets held for sale 17 - (55,367)
Change in trade receivables in the statement of cash flows   449,852 (372,659)

 


Other assets
PLN '000
Year ended
Dec 31 2012
Year ended
Dec 31 2011
(restated)
Change in other non-current and current assets in the statement of financial position (198,440) (183,919)
Change in investment property 977 -
Change in other financial assets 23,617 79,507
Change in investment receivables 654 (1,531)
Change in receivables from sale of shares (400) 400
Set-off of current income tax payables against VAT receivables (26,436) (29,413)
Change in commission fees on revolving facilities, amortised over time (365) (1,754)
Change in the Group structure 62 4,685
Reclassification to assets held for sale - (2,840)
Other (836) (3,308)
Change in receivables in the statement of cash flows (201,167) (138,173)

 

Inventories
PLN '000
Note Year ended
Dec 31 2012
Year ended
Dec 31 2011
Change in inventories in the statement of financial position   (109,865) (1,349,049)
Change in the Group structure   868 16,590
Reclassification to assets held for sale 17 - (24,728)
Other   214 4,279
Change in inventories in the statement of cash flows   (108,783) (1,352,908)

 

Trade and other payables
PLN '000
Year ended
Dec 31 2012

Year ended
Dec 31 2011

(restated)

Change in trade and other payables in the statement of financial position (642,982) 989,197
Change in the Group structure (1,217) (21,306)
Reclassification to assets held for sale - 15,783
Change in trade and other payables in the statement of cash flows (644,199) 983,674

 

Other liabilities and provisions
PLN '000
Year ended
Dec 31 2012
Year ended
Dec 31 2011
(restated)
Change in other liabilities and provisions in the statement of financial position (88,552) 288,724
Change in provision for Offshore Oil and Gas Facilities (75,363) (29,374)
Adjustment for deposits earmarked for repayment of bank borrowings (14,185) (168,346)
Change in investment commitments (42,343) 16,955
Change in liabilities related to acquisition of debt claims - 38,793
Change in liabilities related to acquisition of shares 40,699 (15,363)
Set-off of current income tax assets against VAT liabilities 76,613 7,562
Grants received - (2,211)
Adjustment for cash earmarked for acquisition of shares 26,169 (26,169)
Change in the Group structure 6,899 (66,030)
Reclassification to assets held for sale - 3,669
Other (2,346) 713
Change in liabilities and accruals and deferred income in the statement of cash flows (72,409) 48,923

 

Cash and cash equivalents
PLN '000
Year ended
Dec 31 2012
Year ended
Dec 31 2011
Change in cash and cash equivalents in the statement of financial position (115,347) 1,079
Change in interest-bearing overdraft facilities (286,860) 42,240
Change in cash in the statement of cash flows (402,207) 43,319
Causes of differences between items disclosed in the notes to the financial statements and items of the statement of cash flows
Depreciation and amortisation
PLN '000
Year ended
Dec 31 2012
Year ended
Dec 31 2011
Depreciation/amortisation disclosed in change in property, plant and equipment and intangible assets 666,592 608,667
Depreciation directly related to expenditure on tangible assets under construction (2) (59)
Depreciation/amortisation disclosed in the statement of cash flows 666,590 608,608

 

Purchase of property, plant and equipment and intangible assets
PLN '000
Year ended
Dec 31 2012
Year ended
Dec 31 2011
(restated)
Purchase of property, plant and equipment and other intangible assets disclosed in change in property, plant and equipment and intangible assets (802,965) (769,074)
Change in investment commitments 54,077 (22,895)
Acquisition of tangible assets under a lease agreement (15,015) 110,955
Other 5,978 3,019
Purchase of property, plant and equipment and intangible assets disclosed in the statement of cash flows (757,925) (677,995)

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