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6 months to<br />
<strong>Dec</strong>ember 31, <strong>Dec</strong>ember 31,<br />
2010 2009<br />
(Rupees in thousand)<br />
CASH FLOW FROM FINANCING ACTIVITIES<br />
Long term finance received 579,241 5,691,156<br />
Long term finance repaid (1,132,158) (470,929)<br />
Long term finance received from associated company 600,000 –<br />
Long term finance received from sponsor 2,063,379 –<br />
Payable to supplier to be settled through long term finance repaid (433,798) (2,872,226)<br />
Long term payable to supplier received/(repaid) 273 (210,212)<br />
Employees’ accumulated absences paid (4,987) 4,228<br />
Deferred USF grant received – 297,960<br />
Obligations under finance leases repaid (312) (1,683)<br />
Long term deposits payable – (repaid)/received (45,696) 13,594<br />
Short term borrowings repaid (1,545,415) –<br />
Finance cost paid (1,252,433) (769,511)<br />
Cash flows from financing activities (1,171,906) 1,682,377<br />
(DECREASE) IN CASH AND CASH EQUIVALENTS (2,659,903) (173,341)<br />
Cash and cash equivalents at beginning of the period (927,266) (2,324,688)<br />
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD (3,587,169) (2,498,029)<br />
CASH AND CASH EQUIVALENTS COMPRISE:<br />
Cash and bank balances 370,565 337,838<br />
Short term running finance (3,957,734) (2,835,867)<br />
(3,587,169) (2,498,029)<br />
The annexed notes 1-26 are an integral part of this condensed interim financial information.<br />
______________<br />
Chief Executive<br />
_____________<br />
Director<br />
WATEEN TELECOM LIMITED half yearly report dec ‘10<br />
11
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