In this section
- Independent auditor’s report
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Company balance sheet
- Consolidated statement of changes in equity
- Company statement of changes in equity
- Consolidated cash flow statement
- Company cash flow statement
- Notes to the financial statements
Financial Statements
Consolidated cash flow statement
| Notes | Year ended 31 December | ||||
|---|---|---|---|---|---|
| 2011 USD’000 |
2010 USD’000 |
||||
| Operating activities | |||||
| Cash (used in)/generated from operating activities | 40 | (54,582 | ) | 232,798 | |
| Tax paid | (120 | ) | – | ||
| Net cash (used in)/generated from operating activities | (54,702 | ) | 232,798 | ||
| Investing activities | |||||
| Additions to property, plant and equipment | 17 | (55,483 | ) | (29,724 | ) |
| Proceeds from sale of property, plant and equipment | 439 | 89 | |||
| Additions to intangible assets | 18 | (1,800 | ) | (1,191 | ) |
| Held-to-maturity investment | 21 | (4 | ) | (6,875 | ) |
| Finance income | 12 | 1,531 | 2,193 | ||
| Dividend received from joint ventures | 20 | 760 | – | ||
| Acquisition of subsidiary – net of cash acquired | 35 | (322,217 | ) | – | |
| Movement in deposit with original maturity of more than three months | 26 | (19,907 | ) | (63,599 | ) |
| Movement in margin deposits | 26 | (12,154 | ) | (300 | ) |
| Net cash used in investing activities | (408,835 | ) | (99,407 | ) | |
| Financing activities | |||||
| Net proceeds from issue of share capital | 27 | 216,646 | – | ||
| Proceeds from sale of financial asset at fair value through profit and loss | 24 | 2,590 | – | ||
| Treasury shares purchased | (455 | ) | (3,475 | ) | |
| Proceeds from options exercised | 187 | – | |||
| Dividends paid | 37 | (29,316 | ) | (15,162 | ) |
| Proceeds from borrowings | 245,216 | – | |||
| Repayments of borrowings | (45,811 | ) | (22,547 | ) | |
| Finance costs | 12 | (17,965 | ) | (5,088 | ) |
| Net cash generated from/(used in) financing activities | 371,092 | (46,272 | ) | ||
| Net (decrease)/increase in cash and cash equivalents | (92,445 | ) | 87,119 | ||
| Cash and cash equivalents, beginning of the year | 136,804 | 49,241 | |||
| Exchange rate translation | (854 | ) | 444 | ||
| Cash and cash equivalents, end of the year | 26 | 43,505 | 136,804 | ||
The notes form an integral part of these financial statements.
Explore
- Highlights 2011
- Lamprell at a Glance
- Performance
- Chairman’s statement
- Chief Executive’s Review
- Review of operations
- Risk assessment
- Financial review
- Corporate social responsibility
- Board of Directors
- Corporate governance
- Financial statements
- Download centre
- Shareholder information
Download a PDF of the 2011 Annual Report