49
Consolidated Statement of Cash Flows
For the year ended 31 December, 2012
(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)
Notes
2012
2011
$
$
Cash from continuing operations
166,478
160,440
Cash from discontinued operations
–
–
Cash from operations
21
166,478
160,440
Pension contributions paid
10 (c)
(6,856)
(8,414)
Post-retirement benefits paid
10 (d)
(1,115)
(993)
Taxation paid
(6,085)
(6,812)
Restructuring expenses paid
(49,143)
(33,125)
Net interest paid
(59,497)
(10,282)
Net cash generated by operating activities
43,782
100,814
Investing activities
Additions to property, plant and equipment
8
(77,913)
(40,721)
Proceeds from disposal of property, plant and equipment
35
9,546
Net cash used in investing activities
(77,878)
(31,175)
Financing activities
Repayment of borrowings
(8,507)
(32,565)
Dividends paid to minority interests
(1,513)
–
Net cash used in financing activities
(10,020)
(32,565)
Net (decrease)/increase in cash and borrowings
(44,116)
37,074
Net foreign exchange difference
(2,033)
(59)
Net cash – beginning of year
57,308
20,293
Net cash – end of year
11,159
57,308
Represented by:
Cash at bank and on hand
13
43,061
57,755
Bank overdraft and short-term advances
14
(31,902)
(447)
11,159
57,308
The accompanying notes form an integral part of these financial statements.
