FS 2011 CF

Page 1

STATEMENT OF CASH FLOWS For the Months Ended December 31, 2011 and 2010 2011

2010

Cash Flows From Operating Activities: Cash inflows Cash outflows Net cash from (used in) operating activities

1,904,546,647 (1,270,972,074) 633,574,574

1,919,592,491 (1,343,140,718) 576,451,772

Cash Flows From Investing Activities: Cash inflows Cash outflows Net cash from (used in) investing activities

153,308,832 (145,155,853) 8,152,979

194,791,336 (157,340,490) 37,450,846

Cash Flows From Financing Activities: Cash inflows Cash outflows Net cash from (used in) financing activities

0 (579,815,036) (579,815,036)

180,000,000 (442,150,852) (262,150,852)

(51,574,113)

(38,798,882)

10,338,403

312,952,884

Effect of Exchange Rate Changes on Cash Net (Decrease) Increase in Cash Cash at Beginning of Year Cash at End of Year

P

584,881,003 595,219,406 P

0 Certified CertifiedCorrect Correctby: by:

Noted Notedby: by:

EMILIA EMILIAS.S.CANONIZADO CANONIZADO Manager, Manager,Accounting AccountingDept. Dept.

ARMAND ROBERTO C. V. ARREZA GARCIA Chairman Administrator and and CEOCEO

271,928,119 584,881,003

0


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