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BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)
(*) Decrease in “advances given for property, plant and equipment” amounting to USD 386,121 is net-off with “purchase of property, plant and equipment” for the year ended 31
December 2014 (31 December 2013: Decrease USD 14,863,209 is included).
1 January-
1 January-
Notes
31 December 2014
31 December 2013
Investing activities:
Purchase of property, plant and equipment (*)
(246,183,821)
(311,761,372)
Purchase of intangible assets
12
(8,395,568)
(24,268,405)
Purchase of shares of subsidiaries
(4,455,665)
(23,686,955)
Proceeds from sale of property, plant and equipment
and intangibles
92,727,848
127,437,112
Interest received
15,790,787
15,064,656
Increase in share capital of subsidiary
-
2,375,197
Proceeds from disposal of subsidiary
29
7,100,000
-
Increase in share capital of joint venture
30
(35,500,000)
(24,665,637)
Net cash used in investing activities of continuing operations
(178,916,419)
(239,505,404)
Net cash provided by investing activities of discontinued operations
4,370,107
-
Net cash used in investing activities
(174,546,312)
(239,505,404)
Financing activities:
Redemption of borrowings
(7,124,858,419)
(3,151,283,506)
Proceeds from borrowings
7,327,092,017
3,131,897,554
Change in financial receivables from non-consolidated related parties
16,616,307
(20,490,000)
Dividends paid (including dividends of non-controlling interests)
(52,399,907)
(73,435,829)
Interest paid
(35,410,286)
(84,180,960)
Net cash provided by / (used in) financing activities of continuing operations
131,039,712
(197,492,741)
Net cash provided by financing activities of discontinued operations
-
-
Net cash provided by / (used in) financing activities
131,039,712
(197,492,741)
Net increase / (decrease) in cash and cash equivalents
101,413,015
(53,049,064)
Cash and cash equivalents at the beginning of the year
344,024,875
397,073,939
Cash and cash equivalents at the end of the year
6
445,437,890
344,024,875
The accompanying policies and explanatory notes on pages 88 through 152 form an integral part of the consolidated financial statements.