(25) Cash Flow Statement at December 31, 2005
The Company has Prepared the Cash Flow Statement Using the Indirect Method| Cash Flow Statement at December 31, 2005 | ||||
| TSKK | 2005 | 2004 | ||
| Cash flows from operating activities | ||||
| Cash flows from current activities | 3,239,608 | 4,737,494 | ||
| Interest paid | (25) | (9,220) | ||
| Interest received | 76,716 | 141,240 | ||
| Corporate income tax paid | (625,464) | (1,081,715) | ||
| Corporate income tax paid related to previous periods | (12,543) | 0 | ||
| Royalties paid | (13,135) | (5,632) | ||
| Receipts from extraordinary items | 0 | 151,014 | ||
| Net cash from operating activities | 2,665,157 | 3,933,181 | ||
| Cash flows from investing activities | ||||
| Purchase of non-current assets | (2,117,812) | (1,197,428) | ||
| Receipts from the sale of non-current assets | 32,623 | 82,512 | ||
| Acquisition of investments | (200) | (1,959) | ||
| Net cash from investing activities | (2,085,389) | (1,116,875) | ||
| Cash flows from financing activities | ||||
| Dividends paid | (2,212,898) | (1,115,748) | ||
| Repayments of bank loans | 0 | (305,000) | ||
| Receipts of borrowings provided to Group companies | 44,900 | 58,700 | ||
| Payments of borrowings provided to Group companies | (70,500) | 0 | ||
| Cash gifts and subsidies into equity and
other cash deposits of partners and shareholders |
23,744 | 51,960 | ||
| Net cash from financing activities | (2,214,754) | (1,310,088) | ||
| Foreign exchange differences of cash and cash equivalents | 0 | 0 | ||
| Increase (decrease) of cash and cash equivalents | (1,634,986) | 1,506,218 | ||
| Cash and cash equivalents at the
beginning of the accounting period |
3,640,450 | 2,134,232 | ||
| Cash and cash equivalents at the end of the accounting period |
2,005,464 | 3,640,450 | ||
| Net profit (before deducting interest, tax, and extraordinary items) |
3,652,684 | 3,062,795 | ||
| Adjustments for non-cash transactions: | ||||
| Depreciation of non-current assets | 571,506 | 492,047 | ||
| Change of provision for non-current assets | (9,356) | (4,335) | ||
| Change in provisions | 213,233 | 574,608 | ||
| Receivables write-off net | 24,265 | 195,666 | ||
| Change of provision for inventories | (1,000) | (9,000) | ||
| Interest costs net | (77,795) | (134,616) | ||
| Loss / (gain) from the sale of non-current assets | (11,978) | (48,562) | ||
| Other items excluded from current activities | (11,290) | 0 | ||
| Profit from current activities before changes in working capital |
4,350,269 | 4,128,602 | ||
| Changes in working capital: | ||||
| Decrease (increase) of trade and other receivables | (1,340,848) | 78,567 | ||
| Decrease (increase) of inventories | 17,379 | 35,438 | ||
| (Decrease) increase of payables and other liabilities | 299,789 | 694,373 | ||
| (Decrease) increase of accruals and prepayments net | (86,980) | (199,487) | ||
| Cash flows from current activities | 3,239,608 | 4,737,494 | ||
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