| Note | For the 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 | 11 | 2 414 | 3 058 |
| Total adjustments to profit for the period: | 2 439 | 2 107 | |
| Income tax recognised in profit or loss | 948 | 1 138 | |
| Amortisation/Depreciation | 818 | 768 | |
| Losses on sale of property, plant and equipment and intangible assets | 8 | 34 | |
| Impairment loss recognised | 32 | 95 | |
| Interest and share in profits (dividends) | (63) | (40) | |
| Foreign exchange (gains)/losses | (31) | 3 | |
| Change in provisions | 24 | 76 | (14) |
| Change in assets/liabilities due to derivatives | 736 | 791 | |
| Reclassification of other comprehensive income to profit or loss as a result of realisation of hedging derivatives |
(531) | (450) | |
| Other adjustments | (1) | (44) | |
| Changes in working capital: | 447 | (174) | |
| Inventories | 55 | 560 | |
| Trade and other receivables | 24 | 268 | (777) |
| Trade and other payables | 24 | 124 | 43 |
| Income tax paid | (853) | (1 375) | |
| Net cash generated from operating activities | 4 000 | 3 790 | |
| Cash flow from investing activities | |||
| Purchase of shares and investment certificates in subsidiaries | (27) | (129) | |
| Purchase of property, plant and equipment and intangible assets | (2 203) | (2 174) | |
| Advances granted for purchase of property, plant and equipment and intangible assets | (31) | (84) | |
| Proceeds from sale of property, plant and equipment and intangible assets | 13 | 13 | 33 |
| Purchase of financial assets from mine closure fund and tailing storage facilities restoration fund | (29) | (38) | |
| Loans granted | (1 597) | (239) | |
| Repayments of loans granted | 5 | 13 | |
| Interest received | 2 | 2 | |
| Dividends received | 45 | 36 | |
| Other investment (expenses)/proceeds | (6) | 33 | |
| Net cash used in investing activities | (3 828) | (2 547) | |
| Cash flow from financing activities | |||
| Proceeds from bank and other loans | 1 974 | 1 546 | |
| Repayments of bank and other loans | (1 135) | (1 409) | |
| Interest paid | (21) | - | |
| Dividends paid | 11 | (1 000) | (1 960) |
| Other financial expenses | (40) | (1) | |
| Net cash used in financing activities | (222) | (1 824) | |
| Total net cash flow | (50) | (581) | |
| Exchange gains/(losses) on cash and cash equivalents | 12 | (3) | |
| Movements in cash and cash equivalents | (38) | (584) | |
| Cash and cash equivalents at beginning of the period | 9 | 123 | 707 |
| Cash and cash equivalents at end of the period | 9 | 85 | 123 |
The amounts in the table are expressed in million PLN, unless otherwise stated.