Cash Flows
2013 | 2014 | Change, % | |
---|---|---|---|
Net cash generated from operating activities | 276,736 | 283,965 | 2.6 |
Net cash used for investment activities |
|
|
42.7 |
Net cash generated from / (used for) financial activities | –13,010 | 10,573 | — |
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS | 8,001 | –70,254 | — |
Net cash and cash equivalents decreased by 70.3 bn RUB over the reporting year.
2013 | 2014 | Change, % | |
---|---|---|---|
Net cash generated by operating activities before the effect of changes in working capital, profit tax, interest and dividends | 306,929 | 334,742 | 9.1 |
Changes in working capital | 8,329 | –6,414 | — |
Profit tax paid | –33,514 | –30,122 | –10.1 |
Interest paid | –9,981 | –16,624 | 66.6 |
Dividends paid | 4,973 | 2,383 | –52.1 |
NET CASH GENERATED FROM OPERATING ACTIVITIES |
276,736 | 283,965 | 2.6 |
Net cash flow from operating activities totalled 284.0 bn RUB in the reporting year, up by 2.6% from 2013.
2013 | 2014 | Change, % | |
---|---|---|---|
Capital expenditures |
|
|
30.1 |
Acquisition of subsidiaries, stakes in joint activities and investments recorded using the equity method | –5,857 | –57,848 | 887.7 |
Cash deposits | –29,425 | –15,877 | –46.0 |
Other transactions | –11,832 | –19,737 | 66.8 |
NET CASH USED FOR INVESTMENT ACTIVITIES |
|
|
42.7 |
Net cash used for investment activities increased by 42.7% year-on-year to 364.8 bn RUB primarily due to:
- growth in capital expenditures;
- payment for the increased stake in LLC SeverEnergia and the acquisition of a stake in LLC Gazprom Resource Northgas.
2013 |
2014 |
Change, % |
|
---|---|---|---|
Receipt of loans and credits |
56,395 |
67,160 |
19.1 |
Dividend payments to Company shareholders |
–63,328 |
–46,755 |
–26.2 |
Acquisition of non-controlling interests |
–1,755 |
–4,118 |
134.6 |
Other transactions |
–4,322 |
–5,714 |
32.2 |
NET CASH GENERATED FROM / (USED FOR) |
–13,010 |
10,573 |
— |
Net cash generated from financial activities in 2014 totalled 10.6 bn RUB.
The Companyincreased its loan portfolio in 2014 by 67.16 bn RUB primarily due to:
- the use of a club-deal credit line for 2,150 mn USD received in November 2013;
- the receipt of 10 bn RUB as part of a credit line provided by OJSC Rosselkhozbank;
- the receipt of 10 bn RUB as part of a credit line provided by OJSC Sberbank.
The reduction in the amount of dividends paid in 2014 is connected with the switch to the system of payment of interim dividends in 2013.
In 2013, the Companypaid:
- dividends for 2012 in the amount of 9.3 RUB per share;
- dividends for the first half of 2013 in the amount of 4.09 RUB per share
In 2014, the Companypaid:
- dividends for the second half of 2013 in the amount of 5.29 RUB per share;
- dividends for the first half of 2014 in the amount of 4.62 RUB per share.