47 |
P a g e
TRINIDAD CEMENT LIMITED
SECTION 6: FIVE YEAR SUMMARY CONSOLIDATED FINANCIAL STATEMENTS TO 31
DECEMBER 2014
SUMMARY CONSOLIDATED CASH FLOW STATEMENTS
For the year ended December 31
(Amounts expressed in TT$ '000s )
2010
2011
Restated
2012
Restated
2013
Restated
2014
Cash from continuing operations
212,846
160,440
198,380
418,550
443,801
Cash from discontinued operations
(356)
-
-
92
31
Cash from operations
212,490
160,440
198,380
418,642
443,832
Pension contributions paid
(8,990)
(8,414)
(6,856) (9,039) (10,969)
Post-retirement benefits paid
(616)
(993)
(1,112) (1,322) (1,451)
Taxation paid
(8,490)
(6,812)
(6,088) (20,893) (24,147)
Restructuring expenses paid
-
(33,125)
(49,143)
-
-
Net interest paid
(155,554)
(10,282)
(59,497) (204,682) (196,670)
Net cash generated by operating activities
38,840 100,814 75,684 182,706
210,595
Investing activities
Additions to property, plant and equipment
(63,673)
(40,721)
(77,913) (73,957) (77,727)
Proceeds from disposal of property, plant and equipment 8,222 9,546 35 959
90
Net cash used in investing activities
(55,451)
(31,175)
(77,878) (72,998) (77,637)
Financing activities
Repayment of borrowings
(116,015)
(32,565)
(8,507) (92,961) (92,310)
Proceeds of short term advances
180,565 - - -
-
Dividends paid to non-controlling interests
(569)
- (1,513) (1,010) (653)
Net cash used generated from/ (used in) financing
activities
63,981
(32,565)
(10,020) (93,971) (92,963)
Net increase/(decrease) in cash
47,370 37,074
(12,214)
15,737
39,995
Net foreign exchange differences
(6,381)
(59)
(2,033) (994) (1,210)
Net cash - beginning of year
(20,696)
20,293 57,308 43,061
57,804
Net cash - end of year
20,293 57,308 43,061 57,804
96,589
Represented by :
Cash at bank and on hand
20,416 57,755 43,061 57,804
96,589
Bank overdraft - continuing operations
- (447)
- -
-
Bank overdraft-discontinued operations
(123)
-
- -
-
20,293 57,308 43,061 57,804
96,589
