104-105 / 111
Year ended
31.12.2018
Year ended
31.12.2017
Revenue
948,043
889,503
Interconnect expenses
(77,773)
(79,609)
Other operating expenses
-214,801
(213,094)
Materials and consumables expenses
(172,201)
(161,568)
Staff costs
(132,827)
(128,755)
Amortization
(198,552)
(200,131)
Finance costs
(40,857)
(57,635)
Finance income
7,528
6,010
Other gains, net
17,602
17,857
Profit/ (loss) before tax
136,162
72,578
(Expense for)/ Tax income
(8,434)
(1,474)
Profit/ (loss) for the year
127,728
71,104
Other comprehensive income, net from tax
4,136
29
Total comprehensive income
131,864
71,133
5.2.
Condensed Financial Statements
Summary consolidated income statement
All figures are presented in Thousand BGN
Year ended
31.12.2018
Year ended
31.12.2017
Cash generated from operations
309,755
375,345
Interest received
41
260
Interest paid
(58,965)
(52,939)
Corporate income tax paid
(3,105)
(7,655)
Net cash from operating activities
247,726
315,011
Cash flows from investing activities
Proceeds from sale of property, plant and equipment
6,976
38,653
Acquisition of PPE and intangible assets
(156,061)
(171,953)
Acquisition of investments
(193,627)
(59,565)
Cash deposits with maturity greater than three months
221
352
Dividends received
-
125
Loans granted to related parties
(16,087)
(13,485)
Loan repayments received from related parties
-
-
Net cash used in investing activities
(358,578)
(205,873)
Cash flows from financing activities
Repayment of borrowings
(1,028,562)
-
Proceeds from new loans
1,003,136
-
Payment of finance lease liabilities
(2,415)
(5,411)
Net cash used in financing activities
(27,841)
(5,411)
Net increase/(decrease) in cash and cash equivalents
(138,693)
103,727
Effect of exchange rate fluctuations on cash held
53
-98
Cash and cash equivalents at the beginning of the year
175,973
72,344
Cash and cash equivalents at the end of the year
37,333
175,973
Summary consolidated statement of cash flows
5. ANNEXES
ANNUALREPORT
2018
INTEGRATED
104
105