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Note
2012
2011
$’000
$’000
Cash flows from operating activities
(Loss)/Profit before tax
(95,031)
79,246
Adjustments
Depreciation of property, plant and equipment
14
26,160
21,309
Amortisation of intangible assets
16
7,344
12,377
Amortisation of deferred income
6
(906)
(3,625)
Dividend income
4
(4,611)
(4,611)
Interest income
5
(6,518)
(6,100)
Finance costs
9
27,443
18,243
Currency realignment
(2,543)
(6,014)
Fair value changes in investment properties and financial assets
(27,583)
(56,146)
Net loss/(gain) on disposal of investments, property, plant and
equipment and investment properties
1,141
(857)
Impairment of investments, property, plant and equipment
8
16,987
21,964
Impairment and provisions related to expiry of Contract of Work
8
51,267
–
Write off/Provisions for development/rehabilitation/exploration costs and
other assets
15,869
1,023
Provision/(Write back) for onerous contracts
31
10,994
(1,404)
Provision for employee benefits and receivables
5,854
13,470
Share of results of equity-accounted associates and joint ventures
(2,473)
(10,451)
Operating cash flows before changes in working capital
23,394
78,424
Decrease in development properties for sale
23,570
9,574
Decrease in inventories
1,685
56,808
Increase in marketable securities
(14,663)
–
Decrease/(Increase) in trade and other receivables
29,079
(29,777)
(Decrease)/Increase in trade and other payables
(20,513)
23,565
Cash flows from operations
42,552
138,594
Income taxes paid, net of refund
(19,799)
(15,855)
Payment of finance costs
(24,931)
(18,495)
Interest received
6,514
5,250
Dividend income
5,618
4,648
Net cash flows from operating activities
9,954
114,142
Consolidated Cash Flow Statement
For the Financial Year Ended 31 December 2012
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
T R A N S
F O R M
AT I ON
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