Consolidated Cash Flow Statement

Consolidated Cash Flow Statement for Year Ended 31 December 2010

	2010 US$'000	2009 US$'000
Cash Flows from operating activities
(Loss)/profit for the year	(16,334)	(30,352)
Adjustment for:
Foreign exchange movement	(16,691)	2,910
Share based payments	2,374	796
Finance income	(1,522)	(202)
Finance costs	29,852	15,533
Depreciation	20,955	12,871
Impairment of property, plant and equipment	3,066	-
Increase in provision	845	739
Operating cash flow	22,545	2,295
(Increase)/decrease in inventories	(2,667)	(13,749)
(Increase)/decrease in trade and other receivables	319	(700)
(Increase)/decrease in trade and other payables	6,851	5,898
Cash used by operations	27,048	(6,256)

Interest received	1,522	202
Interest paid	(10,191)	(11,866)
Net cash used in operating activities	18,379	(17,920)

Cash flows from investing activities
Additions to property, plant & equipment	(34,790)	(40,197)
Net cash used in investing activities	(34,790)	(40,197)


Cash flows from financing activities
Proceeds on the issue of shares	257,873	19,582
Repayment of borrowings	(26,374)	(336)
Increase in borrowings	-	15,890
(Decrease)/increase in obligations under finance leases	(588)	(286)
Net cash from financing activities	230,911	34,850

Net decrease in cash and cash equivalents	214,500	(23,267)

Cash and cash equivalents at beginning of the year	17,408	40,536
Effect of exchange rate changes on cash and cash equivalents	6,607	139
Cash and cash equivalents at the end of the year	238,515	17,408