profit before income tax
33.5
440.4
adjustments to reconcile profit before taxation to net cash provided by operating activities
depreciation and amortisation
127.1
106.9
change in impairment allowance for bad and doubtful debts
-1.2
-1.5
accounts receivable write off
0.1
-
change in impairment allowance for obsolete inventory
-
0.3
change in impairment of property plant and equipment
-0.2
-0.1
non-cash operations related to assets held for sale
-
19.6
loss on disposal of property plant and equipment
4.7
1.5
accounts payable write off
-3.3
-
share of results in equity accounted investments
-0.5
0.2
loss/-gain on disposal of investments
0.6
-200.4
change in tax and legal provisions
0.1
-
net change in fair value of hedge instruments
0.7
-
interest expense
57.3
66.7
unrealised net foreign exchange loss/-gain
12.3
-97.4
share based payment reserve
1.1
3
increase -decrease in other provisions and other assets
custom duty recovery
-
-39.9
other non-cash income
-2.1
-0.3
operating profit before working capital changes
229.2
249.3
change in accounts receivable and prepayments and other noncurrent assets
-55.2
-134.8
change in expendable spare parts and inventories
-5.3
-8.7
change in accounts payable and accrued liabilities
437.3
505.3
income tax paid
-36.9
-12.6
income tax received
12.4
-
net cash flows from operating activities
581.5
598.5
cash flows from investing activities
proceeds from sale of investments
17.2
2.2
purchases of investments
-10.0
-3.2
proceeds from sale of equity accounted investments
1.8
81
proceeds from sale of subsidiary company net
-
10.5
proceeds from sale of property plant and equipment
10.0
1
purchases of property plant and equipment and intangible assets
-83.4
-42.2
predelivery lease prepayments net
-32.0
-333.8
net cash flows used in investing activities
-95.5
-284.5
the condensed consolidated interim statement of cash flows is to be read in conjunction with the notes to and
forming part of the condensed consolidated interim financial statements set out on pages 9 to 38
ojsc aeroflot – russian airlines
condensed consolidated interim statement of cash flows
for the six-month period ended 30 june 2012
-all amounts in millions of us dollars
cash flows from financing activities
proceeds from borrowings
407.1
142.6
repayment of borrowing
-604.3
-104.2
sale of treasury stock
4.8
16.2
purchases of treasury stock
-
-95.5
repayment of the principal element of finance lease liabilities
-87.6
-56.3
interest paid
-38.1
-64.6
proceeds from hedging instrument
7.4
7.7
net cash flows used in financing activities
-310.7
-154.1
effect of exchange rate fluctuations
-18.8
55.8
net increase in cash and cash equivalents
156.5
215.7
cash and cash equivalents at the beginning of the period
393.1
660.4
cash and cash equivalents at the end of the period
549.6
876.1
supplemental cash flow information
interest received
5.8
4.8
non-cash investing and financing activities
property plant and equipment acquired under finance leases
118.7
94.5
