Statement of cash flows

(All amounts in Sri Lankan Rupees million)

Group Company
For the year ended 31 December Notes 2014 2013 2014 2013
Cash flows from operating activities
Cash generated from operations 30 20,355 15,790 11,322 9,624
Interest received 918 1,223 716 973
Interest paid (279) (693) (366) (377)
Tax paid (823) (853) (216) (232)
Gratuity paid (Note 26) (124) (81) (100) (72)
Net cash generated from operating activities 20,047 15,386 11,356 9,916
Cash flows from investing activities
Acquisition of property, plant & equipment (20,178) (18,575) (16,438) (10,080)
Acquisition of intangible assets 14 (75) (2,139) (2) (586)
Proceeds from disposal of property, plant & equipment 79 88 67 87
Proceeds/(Purchase) of short-term investments (3,350) 4,119 (3,092) 3,991
Proceeds/(Purchase) of long-term investments
Proceeds on liquidation of subsidiary 49
Investments in subsidiaries (33)
Net cash (used) in investing activities (23,524) (16,507) (19,498) (6,539)
Cash flows from financing activities
Proceeds from borrowings 13,430 7,220 13,092
Finance lease principal re-payments (77) (48) (59) (38)
Re-payment of borrowings (6,780) (5,581) (2,456) (2,448)
Dividends paid to the equity shareholders (1,534) (1,534) (1,534) (1,534)
Net cash (used)/generated from financing activities 5,039 57 9,043 (4,020)
(Decrease)/increase in cash and cash equivalents 1,562 (1,064) 901 (643)
Movement in cash and cash equivalents
Cash and cash equivalents at the beginning of the year 2,194 3,269 83 737
Effect of exchange fluctuation on cash and cash equivalents 18 (11) 18 (11)
2,212 3,258 101 726
(Decrease)/increase in cash and cash equivalents 1,562 (1,064) 901 (643)
At the end of the year 21.a 3,774 2,194 1,002 83

The Notes form an integral part of these Financial Statements.