CTL Cash Flows
 
Period ended: 31-Dec-12 31-Dec-13 31-Dec-14
Unit: RWF ‘000s RWF ‘000s RWF ‘000s
Statement type: Audited Audited Audited
View original statement: Crystal Telecom IPO Prospectus
Proforma statement of cash flows for Crystal Telecom*
       
Cash flows from operating activities
Profit before income tax 2,368,269 655,290 1,151,708
Adjustments for:
Share of profit of associate -2,429,508 -718,053 -1,217,927
Changes in:
Other payables 61,239 1,524 3,455
Dividends received 1,229,362 2,850,000
Cash generated from operating activities  1,229,362 -61,239 2,787,236
       
Cash flows from financing activities 
Dividends paid -1,220,000 -2,800,000
Net change in cash and cash equivalents 9,362 -61,239 -12,764
Cash and bank balances at start of year 178,750 188,112 126,873
Cash and bank balances at end of year  188,112 126,873 114,120
* Note: The proforma statement of cash flows is a hypothetical illustration of what the cash flows of the company could have been had it been in existence from 1 January 2012 and had it held the 20% equity investment in MTN Rwandacell Limited that was held by Crystal Ventures Limited, its parent company, during those dates. 
Period ended: 31-Dec-12 31-Dec-13 31-Dec-14
Unit: RWF ‘000s RWF ‘000s RWF ‘000s
Statement type: Audited Audited Audited
View original statement: Crystal Telecom IPO Prospectus
Statement of cash flows for MTN Rwandacell Limited
       
Cash flows from operating activities      
Cash generated from operations 35,008,161 28,601,110 20,071,199
Interest received 515,792 529,290 569,441
Interest paid -1,477,679 -693,485 -282,068
Tax paid -117,153 -7,397,513 -3,734,919
Dividends paid -3,498,954 -2,647,857 -14,250,000
Net cash generated from operating activities 30,430,167 18,391,545 2,373,653
       
Cash flows from investing activities 
Purchase of property, plant and equipment -13,583,424 -17,002,444 -6,258,906
Purchase of intangible assets -552,710 -169,125
Deposit placements with financial institutions -10,341,762
Proceeds of assets of a disposal group classified as held for sale 30,977,372
Proceeds on disposal of property, plant and equipment and intangibles 110,620 114,894 146,041
Net cash generated from/used in investing activities  -14,025,514 -17,056,675 14,522,745
       
Cash flows from financing activities
Repayment of borrowings -5,852,464 -6,219,573 -5,549,468
Net cash used in financing activities  -5,852,464 -6,219,573 -5,549,468
Net increase/decrease in cash and cash equivalents 10,552,189 -4,884,703 11,346,930
Cash and cash equivalents at start of year 8,283,909 18,901,535 14,094,811
Exchange gains on cash and cash equivalents 65,437 77,979 328,004
Cash and cash equivalents at end of year 18,901,535 14,094,811 25,769,745