| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Profit/(loss) for the year | ||||||
268,120 | -394,002 | 95,892 | ||||
Adjustments: | ||||||
Depreciation and amortization | ||||||
178,461 | 172,381 | 120,047 | ||||
(Write back)/impairment of assets and investments | ||||||
-8,314 | 72,263 | 6,541 | ||||
Financing expenses, net | ||||||
275,799 | 171,118 | 110,816 | ||||
Share in losses of associated companies, net | ||||||
109,980 | 185,592 | 186,759 | ||||
Capital (gains)/losses, net | ||||||
-25,529 | 2,534 | 4,506 | ||||
Gain from changes in interest held in associates | ||||||
0 | 0 | 32,829 | ||||
Gain from distribution of dividend in kind | ||||||
0 | 0 | 209,710 | ||||
Provision for financial guarantee | ||||||
0 | 130,193 | 0 | ||||
Bad debt expense | ||||||
7,866 | 4,896 | 0 | ||||
Share-based payments | ||||||
957 | 832 | 876 | ||||
Income taxes | ||||||
278,447 | 59,334 | 62,378 | ||||
Total adjustments | ||||||
1,085,787 | 405,141 | 345,276 | ||||
Change in inventories | ||||||
1,291 | -40,076 | 4,361 | ||||
Change in trade and other receivables | ||||||
-62,436 | -68,634 | 35,491 | ||||
Change in trade and other payables | ||||||
-568,364 | 22,835 | -29,800 | ||||
Change in provisions and employee benefits | ||||||
2,021 | -41,243 | -33,426 | ||||
Cash generated from operating activities | ||||||
458,299 | 278,023 | 321,902 | ||||
Income taxes paid, net | ||||||
66,830 | 116,429 | 36,218 | ||||
Dividends received from investments in associates | ||||||
382 | 743 | 4,487 | ||||
Net cash provided by operating activities | ||||||
391,851 | 162,337 | 290,171 | ||||
Cash flows from investing activities | ||||||
Proceeds from sale of property, plant and equipment and intangible assets | ||||||
4,727 | 426 | 539 | ||||
Short-term deposits and loans, net | ||||||
-4,876 | 222,451 | -83,408 | ||||
Cash paid for businesses purchased, less cash acquired | ||||||
0 | 206,059 | 9,441 | ||||
Sale of subsidiaries - Latin America and Caribbean businesses, net of cash disposed off | ||||||
792,585 | 0 | 0 | ||||
Sale of Colombian assets, net of cash disposed off | ||||||
600 | 0 | 0 | ||||
Investment in associates | ||||||
0 | 111,153 | 129,241 | ||||
Sale of securities held for trade and available for sale, net | ||||||
0 | 17,334 | 13,217 | ||||
Acquisition of property, plant and equipment | ||||||
227,601 | 280,955 | 515,838 | ||||
Acquisition of intangible assets | ||||||
10,412 | 9,598 | 16,844 | ||||
Proceeds from realization of long-term deposits | ||||||
4,655 | 0 | 0 | ||||
Interest received | ||||||
6,825 | 6,143 | 7,924 | ||||
Payment of consideration retained | ||||||
0 | -2,204 | -3,795 | ||||
Payment to release financial guarantee | ||||||
-72,278 | -36,023 | 0 | ||||
Energuate Purchase Adjustment | ||||||
-10,272 | 0 | 0 | ||||
Insurance claim received | ||||||
-80,000 | 0 | 0 | ||||
Net cash provided by/(used in) investing activities | ||||||
584,497 | -399,638 | -736,887 | ||||
Cash flows from financing activities | ||||||
Dividend paid to non-controlling interests | ||||||
29,443 | 32,694 | 12,340 | ||||
Proceeds from issuance of shares to holders of non-controlling interests in subsidiaries | ||||||
100,478 | 9,468 | 6,110 | ||||
Payment of issuance expenses related to long term debt | ||||||
-34,391 | 0 | 0 | ||||
Payment of consent fee | ||||||
-4,547 | 0 | 0 | ||||
Receipt of long-term loans and issuance of debentures | ||||||
1,938,877 | 799,481 | 333,549 | ||||
Repayment of long-term loans and debentures | ||||||
1,506,553 | 444,976 | 138,270 | ||||
Short-term credit from banks and others, net | ||||||
-126,287 | -5,477 | 123,053 | ||||
Contribution from former parent company | ||||||
0 | 0 | 34,271 | ||||
Payment of swap unwinding and early repayment fee | ||||||
46,966 | 0 | 0 | ||||
Purchase of non-controlling interest | ||||||
13,805 | 0 | 20,000 | ||||
Interest paid | ||||||
180,242 | 151,241 | 93,858 | ||||
Net cash provided by financing activities | ||||||
97,121 | 174,561 | 232,515 | ||||
Increase/(decrease) in cash and cash equivalents | ||||||
1,073,469 | -62,740 | -214,201 | ||||
Effect of exchange rate fluctuations on balances of cash and cash equivalents | ||||||
17,284 | 5,422 | -11,902 | ||||