(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.