Consolidated Cashflow Statement
|
|
Unaudited |
Audited |
|
|
12 months |
12 months |
|
|
ended |
ended |
|
|
31 Dec |
31 Dec |
|
US$000 |
2011 |
2010 |
|
Profit after tax |
433 435 |
120 631 |
|
Income tax expense |
51 699 |
24 524 |
|
Profit before income tax |
485 134 |
145 155 |
|
Adjustment for non-cash items |
105 076 |
(2 782) |
|
Effects of change in operating working capital items |
(4 356) |
(24 206) |
|
Receivables |
(33 888) |
26 353 |
|
Inventories and ore stockpiles |
(14 304) |
(61 355) |
|
Trade and other payable |
43 836 |
10 796 |
|
Income tax paid |
(15 994) |
(10 378) |
|
Net cash generated from operating activities |
569 860 |
107 789 |
|
Additions to property, plant and equipment |
(448 483) |
(410 810) |
|
Increase in available-for-sale insurance asset |
(920) |
- |
|
Sale of shares in Volta Resources |
- |
25 002 |
|
Acquisition of shares in Volta Resources |
- |
(1 204) |
|
Proceeds from return of ARS Funds |
- |
42 000 |
|
Net cash used by investing activities |
(449 403) |
(345 012) |
|
Proceeds from issue of ordinary shares |
19 227 |
30 578 |
|
Decrease in long term loans |
(234) |
(1 275) |
|
Dividends paid to company’s shareholders |
(18 221) |
(15 346) |
|
Net cash generated from financing activities |
772 |
13 957 |
|
Net increase/(decrease) in cash and cash equivalents |
121 229 |
(223 266) |
|
Cash and cash equivalents at beginning of period |
366 415 |
589 681 |
|
Cash and cash equivalents at end of period |
487 644 |
366 415 |
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