English term (edited): linkage differences revenues

أو الإيرادات التفاضلية الناتجة عن فروق صرف العملات

Table of Contents




PARTNER COMMUNICATIONS COMPANY LTD.

(An Israeli Corporation)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Convenience
translation into
New Israeli shekels* U.S. dollars**
-------------------------------- -------------------
3 month period 3 month period
ended March 31, ended March 31,
-------------------------------- -------------------
2003 2002 2003
-------------- -------------- -------------------
(Unaudited)
In thousands
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) 34,820 (22,854 ) 7,429
Adjustments to reconcile net income (loss) to net cash provided
by operating activities:
Depreciation and amortization 134,977 120,851 28,798
Loss on impairment of investments in non-marketable
securities 4,054
Amortization of deferred compensation related to employee
stock option grants, net 1,838 3,587 392
Liability for employee rights upon retirement 3,802 4,280 811
Accrued interest and exchange and linkage differences on
(erosion of)
long-term liabilities (6,843 ) 60,082 (1,460 )
Erosion of (accrued interest and exchange differences on)
security deposit 1,141 (5,527 ) 244
Sundry (3,004 ) (556 ) (641 )
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable:
Trade 21,415 (20,584 ) 4,569
Other (5,675 ) (12,160 ) (1,211 )
Increase (decrease) in accounts payable and accruals:
Trade 8,209 (17,286 ) 1,752
Other (49,319 ) (55,895 ) (10,523 )
Increase in inventories (10,199 ) (27,652 ) (2,176 )
-------- -------- ------------
Net cash provided by operating activities 131,162 30,340 27,984
-------- -------- ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets (108,882 ) (164,481 ) (23,230 )
Proceeds from sale of fixed assets 4,074 1,913 869
Purchase of additional spectrum (176,027 )
Funds in respect of employee rights upon retirement (2,698 ) (4,407 ) (576 )
-------- -------- ------------
Net cash used in investing activities (107,506 ) (343,002 ) (22,937 )
-------- -------- ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options granted to employees 305 20 65
Long-term bank loans received 820,956
Repayment of long term bank loans (23,700 ) (506,524 ) (5,056 )
-------- -------- ------------
Net cash provided by (used in) financing activities (23,395 ) 314,452 (4,991 )
-------- -------- ------------
INCREASE IN CASH AND CASH EQUIVALENTS 261 1,790 56
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,360 5,272 290
-------- -------- ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,621 7,062 346
-------- -------- ------------






Supplementary information on investing activities not involving cash flows


At March 31, 2003, trade payables include NIS 79,925,000 ($17,052,000)
(unaudited) in respect of acquisition of fixed assets. This balance will be
given recognition in these statements upon payment.



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Note added at 45 mins (2007-11-08 11:48:27 GMT)
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http://sec.edgar-online.com/2003/04/30/0001156973-03-000643/...

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Note added at 47 mins (2007-11-08 11:49:57 GMT)
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Liability for employee rights upon retirement 3,802 4,280 811
Accrued interest and exchange and linkage differences on
(erosion of)

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