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Statement of Cash Flows (CZK mil.)
| As of 31 December | 2001 |
2000 |
|
| Operating activities: | |||
| Income before income taxes | 1,291 | 1,256 | |
| Adjustments to reconcile income before income taxes to net cash provided by operating activities: |
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| Depreciation and amortization | 1,397 | 1,373 | |
| Interest income, net | (182) | (228) | |
| Creation of provisions | 1,164 | 664 | |
| Settlement of stripping costs | 191 | 191 | |
| (Gain)/loss on fixed asset retirements | (33) | 5 | |
| Changes in assets and liabilities: | |||
| Receivables | (392) | 70 | |
| Spare parts and other inventory | 20 | (26) | |
| Prepayments and other assets | 21 | (15) | |
| Accounts payable and accrued liabilities | 749 | 76 | |
| Cash generated from operations | 4,207 | 3,366 | |
| Income taxes paid | (125) | (254) | |
| Net cash provided by operating activities | 4,082 | 3,112 | |
| Investing activities: | |||
| Purchase of property, plant and equipment | (1,474) | (2,097) | |
| Payments for financial investments | (2,298) | (1,644) | |
| Proceeds from sale of property, plant and equipment | 46 | 26 | |
| Proceeds from sale of financial investments | 1,577 | 1,475 | |
| Interest received | 206 | 268 | |
| Payments for reclamation and restoration of mining damages | (453) | (419) | |
| Total cash used in investing activities | (2,396) | (2,391) | |
| Financing activities: | |||
| Payments of borrowings | (538) | (245) | |
| Dividends paid | (180) | (313) | |
| Interest paid | (24) | (40) | |
| Total cash used in financing activities | (742) | (598) | |
| Net increase in cash and cash equivalents | 944 | 123 | |
| Cash and cash equivalents at beginning of period | 3,962 | 3,839 | |
| Cash and cash equivalents at end of period | 4,906 | 3,962 | |
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