Consolidated financial statement of JSW S.A. Capital Group for 2012

35. Net cash inflows on operating activity

  2012 2011
restated
Pre-tax profit 1,276.9 2,675.0
Depreciation 1,066.6 844.3
Profit on the sale of property, plant and equipment 12.8 0.8
Interest and profit-sharing (102.6) (101.7)
Change in employee benefit liabilities 106.4 51.2
Movement in reserves 7.3 (112.6)
Movement in inventories (66.4) (99.6)
Change in the balance of trade receivables and other receivables 342.8 (116.8)
Change in the balance of trade liabilities and other liabilities (45.2) (114.5)
Employee share ownership plan - 293
Other adjustments 9.5 15.1
Cash inflows on operating activity 2,608.1 3,334.2

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Reconciliation the movement in employee benefit liabilities in the consolidated cash flow statement:

  2012 2011
Movement in employee benefit liabilities in the balance sheet 340.4 68.7
Actuarial profit/(loss) captured in other comprehensive income (234.0) 24.1
Acquisition of subsidiaries - (41.6)
Movement in employee benefit liabilities in the consolidated cash flow statement 106.4 51.2

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Reconciliation the movement in provisions in the consolidated cash flow statement:

  2012 2011
Movement in provisions in the balance sheet 106.6 (98.2)
Movement in the mining plant decomissioning provision (99.3) 0.3
Acquisition of subsidiaries - (14.7)
Movement in provisions in the consolidated cash flow statement 7.3 (112.6)

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