BRL Cash Flows
 
Period ended: 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 31-Dec-14
Unit: RWF ‘000s RWF ‘000s RWF ‘000s RWF ‘000s RWF ‘000s
Statement type: Audited Restated Restated Audited Audited
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Operating activities
Profit before tax 14,401,850 20,004,555 24,861,282 21,320,469 18,769,824
Adjustments for:
-105,668 10,634 313,919 1,189,704
Finance costs (interest) 120,384 46,813 138,948 -119,331 -1,651
Depreciation 3,010,356 3,588,347 4,380,877 5,165,056 6,690,901
Amortisation of intangible assets 260,557 173,120 86,922
Gain on sale of property, plant and equipment -401,451 -317,985 -43,155 -82,616 -115,926
Share of loss of the joint venture 88,899 51,101 300,000
Equity-settled share-based payment transactions -105,668 10,634
17,286,028 23,594,383 29,475,975 26,897,497 26,532,852
Changes in working capital 
Changes in receivables and prepayments -981,993 -1,345,587 -2,481,944 -1,702,026 1,104,319
Changes in related party balances 85,399 885,862 73,699 -1,253,301 -2,396,319
Changes in inventories 695,406 -5,003,200 35,842 -5,466,114 -2,577,185
Changes in payables and accued expenses 970,552 6,343,506 11,365,126 -689,322 457,002
Changes in deferred income -17,015 -17,012 -18,432 160,359 -180,212
Cash generated from operating activities 18,038,377 24,457,952 38,450,266 17,947,093 22,940,457
Interest received 5,827 57,906 149,289 119,331 1,651
Interest paid -126,211 -104,719 -288,237 -313,919 -1,189,704
Income tax paid -4,149,286 -4,920,467 -6,151,044 -6,428,212 -3,380,493
Net cash flow used in/from operating activities 13,768,707 19,490,672 32,160,274 11,324,293 18,371,911
           
Investing activities
Proceeds from sale of property, plant and equipment 484,359 317,985 43,155 82,616 673,990
Purchase of property, plant and equipment -4,090,009 -7,407,288 -22,853,426 -19,401,205 -18,978,125
Purchase of intangible assets -518725 -690
Investment in joint venture -126,000 -12,000 -300,000
Net cash used in investing activities -4,250,375 -7,101,983 -22,810,271 -19,618,589 -18,304,135
Financing activities
Proceeds from loans and borrowings 3,000,000 3,000,000 5,611,493
Repayment of loans and borrowings -265,813 -23,031 -635,643 -999,913
Dividends paid -9,330,166 -11,084,824 -8,692,001 -10,285,700 -7,714,275
Net cash flow used in financing activities -9,595,979 -11,107,855 -5,692,001 -7,921,343 -3,102,695
           
Increase in cash and cash equivalents -77,647 1,280,834 3,658,002 -16,215,639 -3,034,919
Movement in cash and cash equivalents
Cash and cash equivalents at 1 January 4,860,960 4,783,239 6,064,073 9,722,075 -6,493,564
Bank overdrafts -74
Net decrease/increase in cash and cash equivalents -77,647 1,280,834 3,658,002 -16,215,639 -3,034,919
           
Cash and cash equivalents as at 31 December  4,783,239 6,064,073 9,722,075 -6,493,564 -9,528,483