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Financial Reports

Statement of Cash Flow

(All amounts in Sri Lanka rupees million)

Group Company
For the year ended 31 December Notes 2017 2016 2017 2016
Cash flows from operating activities
Cash generated from operations 30 21,734 21,269 13,693 11,236
Interest received 1,039 995 561 431
Interest paid (2,989) (1,487) (2,665) (1,243)
Tax paid (1,238) (1,053) (307) (236)
Gratuity paid 26 (322) (258) (305) (223)
Net cash generated from operating activities 18,224 19,466 10,977 9,965
Cash flows from investing activities
Acquisition of property, plant and equipment (22,049) (23,800) (18,057) (20,610)
Acquisition of intangible assets 14 (4,974) (1,363) (383) (22)
Proceeds from disposal of property, plant and equipment 701 404 679 388
Proceeds/(purchase) of short-term investments (1,065) 412 (1,062) 67
Investments in Associate company (28) (28)
Net cash (used) in investing activities (27,415) (24,347) (18,851) (20,177)
Cash flows from financing activities
Proceeds from borrowings 16,242 9,513 13,798 9,032
Finance lease principal repayments (14) (72) (55) (50)
Repayment of borrowings (13,866) (8,195) (9,644) (3,626)
Dividends paid to the equity shareholders (1,606) (1,606) (1,606) (1,606)
Net cash (used) and generated from financing activities 756 (360) 2,493 3,750
(Decrease)/increase in cash and cash equivalents (8,435) (5,241) (5,381) (6,462)
Movement in cash and cash equivalents
Cash and cash equivalents at the beginning of the year (616) 4,620 (6,234) 223
Effect of exchange fluctuation on cash and cash equivalents 5 5 5 5
(611) 4,625 (6,229) 228
(Decrease)/increase in cash and cash equivalents (8,435) (5,241) (5,381) (6,462)
At the end of year 21.a (9,046) (616) (11,610) (6,234)

The Notes on pages 131 to 180 form an integral part of these Financial Statements.