| |
2013 |
2014 |
2015 |
| Profits/(Loss) for the period |
-3,420,032 |
-4,908,713 |
12,100,318 |
| Adjustments for: |
|
|
|
| Income Tax |
-349 |
|
|
| Depreciation of tangible and intangible assets and investment property |
8,358,188 |
8,585,990 |
8,648,905 |
| Bargain purchase |
|
|
|
| Impairment, consumption, destruction of PP& E, intangible assets and investment property |
|
|
|
| (Gain)/loss from the sale of fixed assets |
-104,074 |
-72,753 |
|
| Impairment loss on inventories and receivables |
303,123 |
1,155,963 |
3,358,163 |
| (Gain)/ loss on sale of financial assets |
893,599 |
|
|
| (Gain)/ loss of investments and derivatives fair value |
|
598,653 |
-612,922 |
| Interest income |
-343,417 |
-122,496 |
-81,381 |
| Interest expenses |
3,423,475 |
3,141,748 |
8,001,885 |
| Income from dividends |
|
|
|
| Depreciation of grants |
|
|
|
| Share of profit of equity-accounted investees, net of tax |
-4,767,494 |
-2,136,532 |
-1,510,501 |
| Foreign exchange differences |
-93,584 |
-409,650 |
-244,523 |
| Employee benefits due to retirement |
339,438 |
185,093 |
221,751 |
| Changes in working capital |
| (Increase) / decrease in inventories |
-3,262,405 |
-34,480,105 |
11,051,567 |
| (Increase)/decrease in receivables |
-3,934,298 |
-36,688,999 |
45,248,666 |
| Increase/(decrease) in liabilities |
17,841,558 |
38,847,369 |
-48,523,058 |
| Increase/(decrease) in provisions |
|
-992,424 |
|
| Increase/(decrease) in employee benefits |
-337,013 |
-103,892 |
-99,268 |
| Cash flows from operating activities |
14,896,715 |
-27,400,748 |
37,562,458 |
| Interest paid |
-3,686,653 |
-2,960,238 |
-7,891,695 |
| Income tax paid |
-2,432,429 |
-246,509 |
-2,330,825 |
| Net cash flows from/(used in) operating activities |
8,777,633 |
-30,670,495 |
27,339,938 |
| Cash flows from investing activities |
| Acquisition of PP&E, investment property and intangible assets |
-20,593,834 |
-51,047,399 |
-37,109,198 |
| Proceeds from sale of PP&E, investment property and intangible assets |
104,134 |
3,717,539 |
|
| Acquisition of subsidiary, net of cash acquired |
|
|
-3,794 |
| Dividends received |
2,400,537 |
2,022,388 |
801,440 |
| Acquisition of available-for-sale financial assets |
|
|
|
| Proceeds from Sale of available-for-sale financial assets |
|
|
|
| Purchase of financial assets at fair value through profit or loss |
-7,501,788 |
|
-696,000 |
| Proceeds from Sale of financial assets at fair value through profit or loss |
6,550,180 |
|
693,144 |
| Interest received |
343,417 |
122,496 |
81,381 |
| Proceeds from Collection of grants |
|
|
|
| Acquisition of non controlling interests |
|
|
|
| Acquisition of subsidiary net of cash acquired-Cofidin |
|
|
|
| Acquisition of subsidiary net of cash acquired-Viohalco SA |
|
|
|
| Net cash (from)/used in investing activities |
|
|
|
| Total Cash from Inveting activities |
-18,697,354 |
-45,184,976 |
-36,233,027 |
| Cash flows from financing activities |
|
|
|
| Proceeds from new borrowings |
123,594,573 |
65,546,220 |
129,639,817 |
| Repayment of borrowings |
-99,909,425 |
-21,845,964 |
-111,323,769 |
| Payment of finance lease liabilities |
|
|
|
| Dividends paid |
|
|
|
| Other |
|
|
|
| Net cash flows from financing activities |
|
|
|
| Net (decrease)/ increase in cash and cash equivalents |
|
|
|
| Cash and cash equivalents at beginning of period |
|
|
|
| Total Cash from Financing Activities |
23,685,148 |
43,700,256 |
18,316,048 |
| Net (decrease)/ increase in cash and cash equivalents |
13,765,427 |
-32,092,215 |
9,422,959 |
| Cash and cash equivalents at beginning of period |
27,505,880 |
41,069,951 |
9,574,938 |
| Foreign exchange differences in cash & cash equivalents |
-201,356 |
597,202 |
459,465 |
| Cash and cash equivalents at end of period |
41,069,951 |
9,574,938 |
19,457,363 |