Page 56 - ar2011

54 TRANS FORMATION
Note 2011 2010
$’000 $’000
Cash flows from operating activities
Profit before tax 79,246 23,872
Adjustments
Depreciation of property, plant and equipment 13 21,309 22,649
Amortisation of intangible assets 15 12,377 5,583
Amortisation of deferred income 5 (3,625) (3,625)
Dividend income 4(a) (4,611) (5,082)
Interest income 4(b) (6,100) (3,581)
Finance costs 8 18,243 23,881
Currency realignment (6,014) (2,954)
Fair value changes in investment properties and financial assets (56,146) (103,256)
Net gain on disposal of investments, property, plant and equipment and
investment properties (857) (2,385)
Impairment of investments, goodwill, mining assets, property, plant and
equipment 7 21,964 91,080
Write off/(Write back)/Provisions for development/rehabilitation/exploration
costs and other assets 1,023 (2,845)
(Write back)/Provision for onerous contracts 30 (1,404) 5,927
Provision for employee benefits and receivables 13,470 5,275
Share of results of equity-accounted associates and joint ventures (10,451) (1,778)
Operating cash flows before changes in working capital 78,424 52,761
Decrease/(Increase) in development properties for sale 9,574 (1,626)
Decrease/(Increase) in inventories 56,808 (10,615)
Increase in trade and other receivables (29,777) (26,425)
Increase in trade and other payables 23,565 9,519
Cash flows from operations 138,594 23,614
Income taxes paid, net of refund (15,855) (11,233)
Payment of finance costs (18,495) (25,150)
Interest received 5,250 3,493
Dividend income 4,648 5,623
Net cash flows from/(used in) operating activities 114,142 (3,653)
CONSOLIDATED CASH FLOW STATEMENT
For the Financial Year Ended 31 December 2011
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.