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Consolidated Statement of Cash Flows

 Note 12 months ended 31.12.201612 months ended 31.12.2015
 Cash flows from operating activities      
Net profit/ (loss) for the reporting period    848 913  (398 878)
Adjustments:      
Income tax in profit or loss 39 219 889 (10 100)
Depreciation 34 1 110 350 790 375
Loss on sale and liquidation of tangible fixed assets   30 662 9 148
Impairment loss on non-financial non-current assets 6 98 160 1 501 621
Impairment loss on goodwill   - 251 432
Loss on sale of financial assets   1 941 3 342
Interest income   (9 591) (9 823)
Dividend income   (148) (1 833)
Interest expense   84 144 53 672
Gain on measurement of financial instruments   (7 370) (7 788)
Settlement of pre-existing relationship related to acquisition 36 - 94 000
Other adjustments   (24 766) (5 614)
    1 503 271   2 668 432 
Income tax paid   (270 365) (302 048)
Changes in working capital      
CO2 emission rights   (99 228) (96 767)
Inventories   202 145 (27 421)
Trade and other receivables   (186 484) 333 985
Trade and other liabilities   190 495 (189 771)
Liabilities due to employee benefits   4 470 (40 043)
Deferred income due to subsidies, connection fees and other   (14 375) 45 431
Non-current assets held for sale and related liabilities   (636) (1 222)
Provisions for other liabilities and charges   246 239 214 718
    342 626  238 910 
Net cash flows from operating activities    2 424 445   2 206 416 
       
Cash flows from investing activities      
Acquisition of property, plant and equipment and intangible assets   (2 688 358) (2 847 396)
Proceeds from disposal of property, plant and equipment and intangible assets   6 143 9 944
Acquisition of financial assets   (18 500) (23 402)
Proceeds from disposal of financial assets   216 689 366 506
Acquisition of subsidiaries adjusted by acquired cash   (10 187) (1 259 591)
Disposal of investments in subsidiaries and associates   11 600 8 031
Dividends received   148 1 833
Outflows related to cash deposits at Mine Closure Fund   (20 346) -
Interests received   11 720 8 781
Other proceeds from investing activities   511 10 630
Net cash flows from investing activities    (2 490 580) (3 724 664)
       
Cash flows from financing activities      
Loans and borrowings received   124 888 481 007
Bond issue   750 000 2 581 000
Loans and borrowings repaid   (13 329) (82 146)
Bonds redemption   (100 000) -
Dividend paid to shareholders of the Parent   (1 053) (208 313)
Payment of finance lease liabilities   (1 463) (1 761)
Expenses related to future issue of bonds   (4 536) (9 434)
Interests paid   (151 295) (82 266)
Other payments from financing activities   (18 954) (25 061)
Net cash flows from financing activities    584 258  2 653 026
       
Net increase/ (decrease) in cash    518 123  1 134 778 
Opening balance of cash 21 1 822 094 687 316
Closing balance of cash 21 2 340 217 1 822 094
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