Consolidated Statements of Cash Flows

In thousands of Kazakhstani Tenge Note 2012 2011
Cash flows from operating activities      
Net income   61,828,033 66,858,104
Adjustments for:      
Depreciation of property, plant and equipment 7 18,812,111 19,908,209
Amortisation of intangible assets 8 3,968,634 2,987,696
Income taxes 17 (509,082) (1,082,241)
Impairment of trade receivables 10 440,768 268,785
Finance costs   647,126 -
Losses less gains on disposal of property, plant and equipment
and intangible assets
  136,797 130,249
Operating cash flows before working capital changes   85,324,387 89,070,802
Trade and other receivables   (772,393) (4,824,993)
Due from related parties   2,167,238 (860,786)
Inventories   858,484 (787,561)
Taxes payable   (152,020) (252,606)
Trade and other payables   105,384 (966,398)
Due to related parties   (62,759) 40,723
Deposits received from subscribers   19,519 255,733
Deferred revenues   (1,192,368) (266,460)
Restricted cash   (56,047) 4,137
Cash generated from operations   86,239,425 81,412,591
Interest paid   (52,494) -
Net cash from operating activities   86,186,931 81,412,591
Cash flows from investing activities      
Purchase of property, plant and equipment   (23,263,472) (24,543,828)
Purchase of intangible assets   (1,720,231) (2,760,636)
Net cash used in investing activities   (24,983,703) (27,304,464)
Cash flows from financing activities      
Proceeds from bank borrowing 13 53,395,353 -
Repayment of borrowing 13 (4,999,000) -
Dividends paid 11 (107,877,439) (58,000,000)
Net cash used in financing activities   (59,481,086) (58,000,000)
Net increase / (decrease) in cash and cash equivalents   1,722,142 (3,891,873)
Cash and cash equivalents at beginning of the year   1,352,996 5,244,869
Cash and cash equivalents at end of the year   3,075,138 1,352,996

Approved for issue and signed on behalf of the Management on 28 January 2013

 

Veysel Aral
Chief Executive Officer
Baurzhan Ayazbaev
Chief Financial Officer