| |
Year ended 31 December 2014 |
Year ended 31 December 2013 |
| OPERATING ACTIVITIES |
|
|
| Loss for the year |
(24,257) |
(159,389) |
| Adjustments for: |
|
|
| Depreciation and amortization |
125,910 |
115,942 |
| Impairment of property, plant and equipment |
81,690 |
239,446 |
| Finance costs |
42,863 |
50,618 |
| Finance income |
(10,712) |
(9,049) |
| Loss on disposal of property, plant and equipment |
148 |
3,245 |
| Share of loss of an associate and joint venture |
10 |
11 |
| Impairment of accounts receivable and inventory |
18,711 |
19,847 |
| Bad debt write-off |
200 |
430 |
| Non-cash receipt of property, plant and equipment |
(4,427) |
(2,281) |
| Non-cash settlement of technological connection agreements |
(926) |
(613) |
| Other non-cash transactions |
175 |
1,029 |
| Income tax (expense)/benefit |
6,208 |
(31,012) |
| Operating profit before changes in working capital |
235,593 |
228,224 |
| Change in trade and other receivables (before impairment) |
(30,019) |
(40,577) |
| Change in inventories (before impairment) |
(2,151) |
(2,996) |
| Change in trade and other payables |
5,134 |
15,823 |
| Change in employee benefit liabilities |
(2,470) |
(869) |
| Change in provisions |
(8,381) |
(4,169) |
| Other |
480 |
5 |
| Cash flows from operations before income tax and interest paid |
214,948 |
195,441 |
| Income tax paid |
(7,322) |
(9,050) |
| Interest paid |
(46,950) |
(37,448) |
| Net cash flows from operating activities |
160,676 |
148,943 |
| INVESTING ACTIVITIES |
|
|
| Acquisition of property, plant and equipment and intangible assets |
(204,193) |
(266,415) |
| Proceeds from the sale of property, plant and equipment |
4,702 |
1,507 |
| Acquisition of investments and placement of bank deposits |
(120,533) |
(97,447) |
| Proceeds from the disposal of investments and withdrawal of bank deposits |
144,904 |
101,904 |
| Dividends received |
31 |
47 |
| Interest received |
8,799 |
7,290 |
| Net cash flows used in investing activities |
(166,290) |
(253,114) |
| FINANCING ACTIVITIES |
|
|
| Proceeds from loans and borrowings |
118,482 |
293,076 |
| Repayment of loans and borrowings |
(89,592) |
(185,484) |
| Proceeds from shares issued |
- |
4,295 |
| Acquisition of non-controlling interest in subsidiaries |
- |
(764) |
| Dividends paid |
(2,020) |
(3,469) |
| Repayment of finance lease liabilities |
(597) |
(1,381) |
| Net cash flows from financing activities |
26,273 |
106,273 |
| Net increase/(decrease) in cash and cash equivalents |
20,659 |
2,102 |
| Cash and cash equivalents at the beginning of year |
61,917 |
59,815 |
| Cash and cash equivalents at the end of year |
82,576 |
61,917 |
