| USD thousand |
2006 |
2005 |
| OPERATING ACTIVITIES |
| Profit for the year before tax |
29 408 |
7 063 |
| Adjustments for: |
| Depreciation |
29 186 |
1 368 |
| Provision against biological assets |
-2 409 |
-1 674 |
| Loss on disposal of property, plant and equipment |
813 |
- |
| Recognition of negative goodwill |
-2 237 |
- |
| Other non-cash items |
-1 843 |
-443 |
| Interest expense |
19 199 |
15 296 |
| Operating profit before changes in working capital and provisions |
72 117 |
33 925 |
| (Increase)/decrease in inventories |
-26 729 |
8 252 |
| Increase in trade and other receivables |
-60 860 |
-12 619 |
| Increase in trade and other payables |
563 |
465 |
| Increase/(decrease) in provisions |
2 |
-8 |
| Cash inflow from operations before income taxes and interest |
-14 726 |
29 940 |
| Income taxes paid |
-14 658 |
-183 |
| Interest paid |
-18 642 |
-1 151 |
| Cash inflow from operating activities |
-48 026 |
18 250 |
| INVESTING ACTIVITIES |
| Acquisition of property, plant and equipment |
-18 274 |
-45 027 |
| Acquisition of long term investments |
-2 166 |
-870 |
| Disposal/(acquisition) of short term investments |
3 736 |
-24 602 |
| Purchase of biological assets |
-6 411 |
-6 273 |
| Acquisition of intangible assets |
-144 |
- |
| Purchase of subsidiaries (net of cash acquired) |
-221 |
-45 086 |
| Sale/(purchase) of other long term assets |
26 |
-12 |
| Cash outflow from investing activities |
-23 454 |
-121 870 |
| FINANCING ACTIVITIES |
| Proceeds from share issue |
- |
70 508 |
| Acquisition of treasury stock |
- |
-21 557 |
| Proceeds from sale of treasury shares |
42 017 |
- |
| Proceeds from borrowings |
3 711 |
144 039 |
| Repayment of borrowings |
-29 418 |
-61 080 |
| Grants received |
313 |
3 776 |
| Cash inflow from financing activities |
52 832 |
135 686 |
| Net (decrease)/increase in cash and cash equivalents |
-18 649 |
32 065 |
| Cash and cash equivalents at beginning of year |
35 019 |
94 |
| Cash and cash equivalents at end of year |
16 371 |
33 006 |