Spreadsheet: cbc9c50c-1671-4185-83d6-d2a5aa23f1ca
Sheet: CF_I

CASH FLOW STATEMENT - Indirect method
in the period from 01.01.2011. to 31.03.2011.
Issuer: OT - Optima Telekom d.d.
Item |  |  |  |  |  |  |  | EDP | Previous period | Current period
1 |  |  |  |  |  |  |  | 2 | 3 | 4
CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before taxation |  |  |  |  |  |  |  | 1 | -20291395 | -14554790
2. Depreciation |  |  |  |  |  |  |  | 2 | 12518710 | 13139376
3. Increase of short-term liabilities |  |  |  |  |  |  |  | 3 | 56597751 | 16494433
4. Decrease of short-term receivables |  |  |  |  |  |  |  | 4 | 10658715 | 708273
5. Decrease of inventories |  |  |  |  |  |  |  | 5 | 4471738 | 633288
6. Other increase of cash flow |  |  |  |  |  |  |  | 6
I. Total increase of cash flow from operating activities (001 through 006) |  |  |  |  |  |  |  | 7
1. Decrease of short-term liabilities |  |  |  |  |  |  |  | 8
2. Increase of short-term receivables |  |  |  |  |  |  |  | 9
3. Increase of inventories |  |  |  |  |  |  |  | 10
4. Other decrease of cash flow |  |  |  |  |  |  |  | 11 | 7358516 | 7407458
II. Total decrease of cash flow from operating activities (008 through 011) |  |  |  |  |  |  |  | 12
A1) NET INCREASE OF CASH FLOW FROM OPERATING ACTIVITIES (007-012) |  |  |  |  |  |  |  | 13
A2) NET DECREASE OF CASH FLOW FROM OPERATING ACTIVITIES (012-007) |  |  |  |  |  |  |  | 14
CASH FLOW FROM INVESTMENT ACTIVITIES
1. Cash receipt from sale of tangible and intangible assets |  |  |  |  |  |  |  | 15
2.Cash receipt from sale of ownership and debt instruments |  |  |  |  |  |  |  | 16
3. Cash receipt from interest rates |  |  |  |  |  |  |  | 17
4. Cash receipt from dividends |  |  |  |  |  |  |  | 18
5. Other cash receipts from investment activities |  |  |  |  |  |  |  | 19
III. Total cash receipts from investment activities (015 through 019) |  |  |  |  |  |  |  | 20
1. Cash expenditure for buying tangible and intangible fixed assets |  |  |  |  |  |  |  | 21 | 12518710 | 4576146
2. Cash expenditure for acquiring ownership and debt financial instruments |  |  |  |  |  |  |  | 22
3. Other expenditures from investment activities |  |  |  |  |  |  |  | 23 | 6554295
IV. Total cash expenditures from investment activities (021 through 023) |  |  |  |  |  |  |  | 24
B1) NET INCREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (020-024) |  |  |  |  |  |  |  | 25
B2) NET DECREASE OF CASH FLOW FROM INVESTMENT ACTIVITIES (024-020) |  |  |  |  |  |  |  | 26
CASH FLOW FROM FINANCIAL ACTIVITIES
1. Cash receipt from issuing of ownership and debt financial instruments |  |  |  |  |  |  |  | 27
2. Cash receipt from loan principal, debentures, loans and other borrowing |  |  |  |  |  |  |  | 28 |  | 5746910
3. Other receipt from financial activities |  |  |  |  |  |  |  | 29 |  | 158333
V. Total cash receipt from financial activities (027 through 029) |  |  |  |  |  |  |  | 30
1. Cash expenditure for the payment of loan principal and bonds |  |  |  |  |  |  |  | 31 | 15963565 | 7524807
2. Cash expenditure for the payment of dividend |  |  |  |  |  |  |  | 32
3. Cash expenditure for financial lease |  |  |  |  |  |  |  | 33
4.Cash expenditure for own shares buy-off |  |  |  |  |  |  |  | 34
5. Other expenditures from financial activities |  |  |  |  |  |  |  | 35 | 22812500 | 2081925
VI. Total cash expenditure from financial activities (031 through 035) |  |  |  |  |  |  |  | 36
C1) NET INCREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (030-036) |  |  |  |  |  |  |  | 37
C2)NET DECREASE OF CASH FLOW FROM FINANCIAL ACTIVITIES (036-030) |  |  |  |  |  |  |  | 38
Total increase of cash flow (013 – 014 + 025 – 026 + 037 – 038) |  |  |  |  |  |  |  | 39
Total decrease of cash flow (014 – 013 + 026 – 025 + 038 – 037) |  |  |  |  |  |  |  | 40
Cash and cash equivalents at the beginning of the period |  |  |  |  |  |  |  | 41 | 2515425 | 1148042
Increase of cash and cash equivalents |  |  |  |  |  |  |  | 42
Decrease of cash and cash equivalents |  |  |  |  |  |  |  | 43
Cash and cash equivalents at the end of the period |  |  |  |  |  |  |  | 44