| Note | Financial period | ||
|---|---|---|---|
| from 1 January 2014 to 31 December 2014 | from 1 January 2013 to 31 December 2013 | ||
| Cash flow from operating activities | |||
| Profit for the period | 2 451 | 3 033 | |
| Adjustments to profit for the period: | 3 266 | 3 347 | |
| Income tax recognised in profit or loss | 647 | 1 202 | |
| Amortisation/Depreciation | 26 | 1 635 | 1 580 |
| Impairment losses on goodwill | 25 | 27 | |
| Losses on the sale of property, plant and equipment and intangible assets | 14 | 46 | |
| Gains on the sale of available-for-sale financial assets | - | (24) | |
| Impairment loss on property, plant and equipment, intangible assets, investments accounted for using the equity method and available- for-salefinancial assets |
61 | 444 | |
| Reversal of impairment loss on property, plant and equipment, intangible assets and available-for-sale financial assets |
(5) | (36) | |
| Share in profits of associates accounted for using the equity method | 252 | - | |
| Interest and share in profits (dividends) | (175) | (116) | |
| Foreign exchange losses/(gains) | (27) | 4 | |
| Change in provisions | 98 | (19) | |
| Change in assets/liabilities due to derivatives | 723 | 774 | |
| Reclassification of other comprehensive income to profit or loss as a result of realisation of derivatives |
(531) | (450) | |
| Exchange differences between investment activities and financing activities in the statement of cash flows |
(73) | (8) | |
| Other adjustments | 26 | 29 | |
| Changes in working capital: | 596 | (106) | |
| Inventories | 118 | 357 | |
| Trade and other receivables | 408 | (242) | |
| Trade and other payables | 70 | (221) | |
| Income tax paid | (868) | (1 456) | |
| Net cash generated from operating activities | 4 849 | 4 924 | |
| Cash flow from investing activities | |||
| Purchase of subsidiaries, less acquired cash and cash equivalents | - | (1) | |
| Proceeds from sale and liquidation of subsidiaries | - | - | |
| Acquisition of newly issued shares in the increased share capital of investments accounted for using the equity method | (502) | (9) | |
| Purchase of property, plant and equipment and intangible assets | (3 434) | (3 189) | |
| Advances granted for purchase of property, plant and equipment and intangible assets |
(24) | (84) | |
| Proceeds from sale of property, plant and equipment and intangible assets | 22 | 56 | |
| Purchase of available-for-sale financial assets | - | (42) | |
| Proceeds from sale of available-for-sale financial assets | 1 | 139 | |
| Purchase of financial assets from mine closure fund and tailing storage facilities restoration fund | (32) | (63) | |
| Proceeds from sale of financial assets purchased from mine closure fund | 17 | 197 | |
| Termination of deposits | 7 | 40 | |
| Loans granted | (1 628) | (1 798) | |
| Dividends received | 35 | 37 | |
| Other investment expenses | (6) | (13) | |
| Net cash used in investing activities | (5 544) | (4 730) | |
| Cash flow from financing activities | |||
| Proceeds from payment to capital of a subsidiary from holders of non-controlling interest |
20 | 29 | |
| Acquisition of shares from holders of non-controlling interest | (15) | (30) | |
| Proceeds from bank and other loans | 2 641 | 1 597 | |
| Repayments of bank and other loans | (1 222) | (1 446) | |
| Payments of liabilities due to finance leases | (18) | (16) | |
| Interest paid | (136) | (144) | |
| Dividends paid to shareholders of the Parent Entity | 36 | (1 000) | (1 960) |
| Donations received | 17 | 10 | |
| Other financial expences | (39) | (1) | |
| Net cash used in financing activities | 248 | (1 961) | |
| Total net cash flow | (447) | (1 767) | |
| Exchange gains on cash and cash equivalents and on translation of foreign operations statements | 58 | 2 | |
| Movements in cash and cash equivalents | (389) | (1 765) | |
| Cash and cash equivalents at beginning of the period | 15 | 864 | 2 629 |
| Cash and cash equivalents at end of the period | 15 | 475 | 864 |
| including restricted cash and cash equivalents | 27 | 108 | |
The amounts in the table are expressed in million PLN, unless otherwise stated.