Statements of Cash Flows

    Year ended 31 December
  Notes                2014                2013
Cash flows from operating activities      
Profit before income tax               47,754 32,119
Adjustments to reconcile profit before tax to cash generated    
from operations:    
Depreciation, amortization and  impairment losses 5,6 60,635 68,414
(Gain)/loss on sale of property, plant and equipment and intangible assets   (1,452) 344
Bad debt expense 12 2,182 2,140
Loss/(income) from associates   517 (177)
Finance costs excluding finance costs on pension and other long-term social liabilities 25 14,939 15,031
Other investing and financial gain 26 (20,919) (3,448)
Foreign exchange (gain)/loss, net   (183) 574
Share-based  payment expenses 28 1,850 -
Changes in net working capital:      
Increase in accounts receivable   (5,303) (5,706)
Decrease in employee benefits   (3,808) (1,087)
(Increase)/decrease in inventories   (907) 986
Increase in accounts payable, provisions and accrued expenses   5,877 378
Decrease in other assets and  liabilities   (2,115) (2,318)
Cash generated from operations   99,067 107,250
Interest paid   (15,881) (17,083)
Income tax paid   (3,640) (4,474)
Net cash provided by operating activities   79,546 85,693
Cash flows from investing activities      
Purchase of property, plant and equipment and  intangible assets   57,666) (68,487)
Proceeds from sale of property, plant and equipment  and intangible assets   5,433 1,641
Acquisition of financial assets   (2,115) (11,924)
Proceeds from repayment of loans by subsidiaries contributed to associate   25,925 16,443
Interest received   689 441
Special dividends from disposed former mobile subsidiaries   7,003 -
Dividends received   14 11
Purchase of subsidiaries, net of cash acquired   (29) (47)
Proceeds from disposals of subsidiaries, net of cash disposed   (112) (6)
Acquisition of equity accounting investees   (250) -
Net cash used in investing activities (21,108)(61,928)
Cash flows from financing activities    
Sale of treasury shares 81522,306
Purchase of treasury shares (14,485)(58,376)
Proceeds from bank and corporate loans 470,559509,685
Repayment of bank and corporate loans (496,482)(524,430)
Proceeds from bonds -30,000
Repayment of bonds (2,440)(1,613)
Proceeds from promissory notes 12-
Repayment of promissory notes (12)(282)
Repayment of vendor financing payable (9)11
Repayment of other non-current financing liabilities (7)(11)
Repayment of finance lease liabilities (2)(629)
Acquisition of non-controlling interest (14)(20)
Dividends paid to shareholders of the Group (7,294)(5,828)
Dividends paid to non-controlling shareholders of subsidiaries (306)(247)
Net cash used in by financing activities (49,665)(29,434)
Effect of exchange rate changes on cash and cash equivalents 212-
Net increase/(decrease) in cash and cash equivalents 8,985(5,669)
Cash and cash equivalents at beginning of year 7,96013,629
Cash and cash equivalents at the end of year 16,9457,960

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