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115
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
The accompanying Notes 1 to 26 are an integral part of this consolidated financial statement at 31 December 2011.
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in property, plant and equipment (Note 6)
(12,739)
(7,566)
Investment in intangible assets (Note 7)
(2,828)
(2,524)
Investments in audiovisual property rights
(166,270)
(161,495)
Disposals of audiovisual rights
2,816
3,369
Disposals of non-current financial assets
(5,049)
2,051
Investments in subsidiaries
-
(532,094)
Investment in other non-current financial assets
(27,301)
(49,958)
Dividend received
35,093
1,015
Interest received
7,268
3,616
Net cash acquired in business combinations
37,805
Net cash flows from investing activities(B)
(169,010)
(705,781)
CASH FLOW USED IN FINANCING ACTIVITIES
Long term financing
(23,107)
(17,082)
Interest paid
(2,887)
(2,219)
Dividends paid (Note 15.2)
(140,160)
(48,440)
Short term Financing
16,482
(4,782)
Acquisition of treasury shares (Note 15.4)
Net increase in equity
-
493,707
Net cash flows used in financing activities (C)
( 149,672)
421,184
NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS
[D=A+B+C]
(27,770)
81,943
Net foreign exchange difference
(1,556)
393
Net change in cash and cash equivalents
(29,326)
82,336
Cash and cash equivalents at beginning of the year (Note 14)
87,900
5,564
Cash and cash equivalents at end of the year (Note 14)
58,574
87,900
(Continued)