Cash flows

Net cash flow from the group's operations in 2017 increased by 6,752 mn rubles (9.5 %) up to 78,125 mn rubles.

Net outflow of funds to finance investment activities increased by 35,095 mn rubles (141%), amounting to 60,013 mn rubles.

The financial activity of the group in the reporting period registered a net outflow of funds worth 15,064 mn rubles.

Negative exchange differences on the group's cash balances in 2017 amounted to 246 mn rubles, against negative exchange rate differences of last year worth 289 mn rubles.

At this backdrop, the group increased cash position to 70,156 mn rubles by the end of the year, which is 2,802 mn rubles (4.2 %) higher than at the beginning of the year.

	2015	2016	2017	2017 – 2016
Cash flows from operating activities	69,800	71,373	78,125	6,752
Use of funds for investment activities	(48,381)	(24,918)	(60,013)	(35,095)
Use of funds from financial activities	(8,584)	(26,837)	(15,064)	11,773
Positive/(negative) Exchange differences on cash balances	796	(289)	(246)	43
Total increase of funds	13,631	19,329	2,802	(16,527)
Funds for the end of the period	48,025	67,354	70,156	2,802