| |
Year ended 31 December |
| |
2012 |
2011 |
| Net profit before tax |
202,628 |
141,794 |
| Adjustments for: |
| Depreciation/ amortization |
50,683 |
30,330 |
| Share in net (profits) / losses of equity accounted subordinates |
6,121 |
2,537 |
| Goodwill impairment |
45,000 |
180,017 |
| Foreign exchange (gains)/ losses |
(1,458) |
2,998 |
| Interest and shares in profits (dividends) |
4,482 |
1,775 |
| (Profit)/ loss on disposal of investments |
3,179 |
651 |
| Change in valuation of derivative financial instruments |
(17,656) |
14,886 |
| Operating profit/ (loss) before changes in working capital |
292,979 |
374,988 |
| Change in receivables and retentions for construction contracts |
(21,380) |
52,428 |
| Change in inventories |
205,998 |
(77,804) |
| Change in provisions and liabilities arising from retirement benefits and similar obligations |
36,676 |
13,981 |
| Change in retentions for construction contracts and in liabilities except for loans and borrowings |
(137,601) |
310,121 |
| Change in accruals and accrued income |
11,274 |
(13,616) |
| Change in amounts due and receivable under construction contracts |
(388,315) |
(214,322) |
| Change in prepayments received |
(49,025) |
124,565 |
| Change in cash and cash equivalents of restricted use |
10,155 |
(20,286) |
| Other adjustments |
82 |
1,024 |
| Cash generated from operations |
(39,157) |
551,079 |
| Income tax paid |
(4,990) |
(199,675) |
| NET CASH FROM OPERATING ACTIVITIES |
(44,147) |
351,404 |
| |
Year ended 31 December |
| |
2012 |
2011 |
| Sale of intangible assets and property, plant and equipment |
3,208 |
4,916 |
| Purchase of intangible assets and property, plant and equipment |
(24,118) |
(15,600) |
| Sale of investments in property |
- |
8,899 |
| Sale of financial assets in related parties |
4,676 |
(1) |
| Purchase of shares in subsidiaries and associates |
(82,510) |
(224,092) |
| Sale / (purchase) of financial assets at fair value through profit or loss |
- |
14,013 |
| Dividends received |
21 |
- |
| Interest received |
30 |
197 |
| NET CASH USED IN INVESTING ACTIVITIES |
(98,693) |
(211,668) |
| Loans and borrowings taken out |
59,127 |
42,082 |
| Repayment of loans and borrowings |
(51,342) |
(56,575) |
| Dividends paid |
(280,065) |
(231,814) |
| Payment of finance lease liabilities |
(14,409) |
(12,661) |
| Interest paid |
(4,296) |
(1,787) |
| NET CASH FROM/USED IN FINANCING ACTIVITIES |
(290,985) |
(260,755) |
| TOTAL NET CASH FLOW |
(433,825) |
(121,019) |
| Foreign exchange differences, net |
83 |
(40) |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD |
1,740,488 |
1,861,547 |
| CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD |
1,306,746 |
1,740,488 |
| Cash and cash equivalents of disposable groups |
- |
- |
| TOTAL CASH AND CASH EQUIVALENTS OF THE GROUP |
1,306,746 |
1,740,488 |