MECHEL PAO Provisions for legal claims, income tax and other taxes and other provisions 1,140 2,541 ............... Gain on sale of discontinued operations....................................... - (45,580) Other.............................................................. 110 243 Changes in working capital items Trade and other receivables............................................. (8,413) (2,061) Inventories........................................................ (9,772) (3,503) Trade and other payables............................................... 1,773 1,745 Advances received................................................... 61 760 Taxes payable and other liabilities......................................... 2,897 7,433 Other assets........................................................ (2,108) (210) Income tax paid....................................................... (3,114) (285) Net cash provided by operating activities.................................... 28,596 24,232 Cash flows from investing activities Interest received...................................................... 110 21 Proceeds from loans issued and other investments................................ 2 39 Proceeds from disposal of the discontinued operations, net of cash disposed of............. - 88,979 Proceeds from disposals of property, plant and equipment........................... 114 6 Purchases of property, plant and equipment.................................... (2,888) (3,119) Net cash (used in) provided by investing activities.............................. (2,662) 85,926 Cash flows from financing activities Proceeds from loans and borrowings, including proceeds from factoring arrangement of RUB 900 million and RUB 17 million for the six months ended June 30, 2021 and 2020, respectively 20,986 12,929 Repayment of loans and borrowings, including payments from factoring arrangement of RUB 1 million and RUB 180 million for the six months ended June 30, 2021 and 2020, respectively (29,361) (108,247) Sale of non-controlling interest in subsidiaries................................... 144 - Dividends paid to non-controlling interests..................................... - (3) Interest paid, including fines and penalties..................................... (9,539) (14,473) Payment of principal portion of lease liabilities.................................. (1,792) (818) Sale and leaseback transactions............................................ 72 548 Acquisition of assets under deferred payment terms............................... (95) (327) Net cash used in financing activities........................................ (19,585) (110,391) Foreign exchange gain (loss) on cash and cash equivalents, net........................ (280) (575) Changes in allowance for expected credit losses on cash and cash equivalents.............. (7) (30) Net increase (decrease) in cash and cash equivalents............................. 6,062 (838) Cash and cash equivalents at beginning of period................................. 1,706 3,509 Cash and cash equivalents, net of overdrafts at beginning of period.................. (938) 2,867 Cash and cash equivalents at end of period..................................... 5,124 4,272 Cash and cash equivalents, net of overdrafts at end of period...................... 5,124 2,029
There were certain reclassifications to conform with the current period presentation. These interim condensed consolidated financial statements were prepared by Mechel PAO in accordance with IFRS and have not been audited by the independent auditor. If these interim condensed consolidated financial statements are audited in the future, the audit could reveal differences in our consolidated financial results and we cannot assure that any such differences would not be material.
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[*] EBITDA - Adjusted EBITDA. Please find the calculation of the Adjusted EBITDA and other non-IFRS measures used here and hereafter in Attachment A.
[**] Calculations of Net debt could be differed from indicators calculated in accordance with loan agreements upon dependence on definitions in such agreements.
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2021-08-27 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English
Company: PJSC Mechel
1 Krasnoarmeyskaya Street, Moscow, Russia
127006 Moscow
Russia
Phone: +7 (495) 221-88-88
Fax: +7 (495) 221-88-00
E-mail: press@mechel.com
Internet: www.mechel.ru/
ISIN: US5838406081, RU000A0DKXV5
WKN: A2AC1G
Listed: Foreign Exchange(s) Moscow, NYSE
EQS News ID: 1229436
End of News EquityStory.RS, LLC News Service
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August 27, 2021 06:00 ET (10:00 GMT)
