Page 108 - CCL AR 2017 Final

Cash Flow Statement

for the year ended June 30, 2017

Note 2017 2016
(Rupees in ‘000)
CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation 2,509,791 2,051,397

Adjustment for:
Depreciation 4.1.3 689,913 277,202
Amortisation 5.1 2,987 2,711
Gain on redemption of short-term investments (2,186) (10,986)
Gain on disposal of operating property, plant and equipment 4.1.4 (19,101) (815)
Finance costs 29 188,215 43,708
Exchange loss 27 1,540 1,054
Dividend income 28 (21,973) (14,578)
839,395 298,296
3,349,186 2,349,693
(Increase) / decrease in current assets
Stores, spare parts and loose tools (1,216,689) (10,238)
Stock-in-trade (539,290) 158,926
Trade debts (130,767) -
Loans and advances (23,737) 3,843
Trade deposits and short-term prepayments (4,436) 8,749
Other receivables (141,708) (378,685)
(2,056,627) (217,405)
1,292,559 2,132,288
(Decrease) / Increase in current liabilities
Trade and other payables (633,292) 789,722
Cash generated from operations 659,267 2,922,010

Income tax paid (455,537) (615,365)
Long-term loans and security deposits – net 762 (534)
Net cash generated from operating activities 204,492 2,306,111

CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment (1,536,710) (6,112,136)
Additions to intangible assets (10,910) -
Proceeds from disposal of operating property, plant and equipment 4.1.4 66,890 5,702
Investments (made) / redeemed during the year (95,890) 534,544
Dividend received 21,973 14,578
Net cash used in investing activities (1,554,647) (5,557,312)

CASH FLOWS FROM FINANCING ACTIVITIES
Long-term financing – net 877,688 3,859,795
Short-term borrowings – net 1,292,535 120,353
Dividend paid (565,313) (694,097)
Finance costs paid (231,943) (30,202)
Net cash generated from financing activities 1,372,967 3,255,849

Net increase in cash and cash equivalents 22,812 4,648

Cash and cash equivalents as at the beginning of the year 23,002 18,354

Cash and cash equivalents as at the end of the year 14 45,814 23,002

The annexed notes from 1 to 41 form an integral part of these financial statements.

Omar Faruque Azam Faruque Yasir Masood
Chairman Chief Executive Chief Financial Officer

106