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EXHIBIT 5: PLANNED CAPITAL EXPENDITURES, 2015 AND 2016 Location and Type of Expenditure Year ended December 31, 2015 2016 (millions of ) 760 250 1,010
EXHIBIT 5: PLANNED CAPITAL EXPENDITURES, 2015 AND 2016 Location and Type of Expenditure Year ended December 31, 2015 2016 (millions of ) 760 250 1,010 255 455 710 United States Auto glass Float glass U.S. subtotal Russia Auto glass Float glass Russia subtotal Others Auto glass in Shenyang Auto-glass technology upgrades Float-glass technology upgrades Other Others subtotal Total 32 0 32 470 525 995 190 1,400 200 158 1,948 2,990 1,000 200 100 1,300 3,005 Fuyao Glass Pro Forma Cash Flow Forecast 2015 2018 2016 2017 (millions of ) Cash flows from operating activities Cash generated from operations Income tax paid Net cash generated from or (used in) operating activities Cash flow from investing activities Capital expenditures - United States Capital expenditures - Russia Capital expenditures -Others including China Working capital investment Net cash generated from or (used in) investing activities Net cash available before financing (4,335.50) 1,121.57 (949.42) (1,242.42) Cash flow from financing activities Borrowings or (Repayments) Dividends paid to the company's shareholders Other interest received Capital injections - issuance of new shares Net cash generated from or (used in) financing activities 227.00 5.00 61.00 13.00 Net (decrease) or increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period . Notes: Cash generated from operations and revenue increase at a constant rate of 10 per cent per year from 2014 to 2018 Income tax paid is 12 per cent of cash generated from operations from 2015 to 2018. Planned capital expenditures for Others including China remains the same amount from 2016 to 2018. Working capital investment increases at a rate of 163 per cent of the change in cash generated from operating activities until 2018. Fuyao Glass Pro Forma Cash Flow Forecast 2015 2018 2016 2017 (millions of y) Cash flows from operating activities Cash generated from operations Income tax paid Net cash generated from or (used in) operating activities 3921.50 (470.58) 3450.92 4313.65 (517.64) 4745.02 (569.40) 5219.52 (626.34) 4593.17 3796.01 4175.61 Cash flow from investing activities Capital expenditures - United States Capital expenditures - Russia Capital expenditures -Others including China Working capital investment Net cash generated from or (used in) investing activities (1010) (32) (1948) (5625) (710) (995) (1300) (6187.5) 3182.5 (1300) (6806.25) 5506.25 (1300) (7486.87) (8786.87) 2635 Net cash available before financing (5164.08) (5396.49) (3930.64) (4193.7) Cash flow from financing activities Borrowings or (Repayments) Dividends paid to the company's shareholders Other interest received Capital injections - issuance of new shares Net cash generated from or (used in) financing activities (4,335.50) (1001) 227.00 1,121.57 (1001) 5.00 (949.42) (1,242.42) (1001) (1001) 61.00 13.00 (5109.50) (2117.57) (1889.42) (2230.42) Net (decrease) or increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (10273.58) 499 (9774.58) (7514.06) (5820.06) (6784.58) (11293.64) (14298.64) (17113.7) (6424.12) (15813.69) (22237.81) EXHIBIT 3 (CONTINUED) c. Cash Flow Statement millions of 2013 2012 2014 Cash flow from operating activities Cash generated from operations Income tax paid Net cash generated from operating activities 2,772 (346) 2,426 3,199 (382) 2,817 3,565 (435) 3,131 40 311 Cash flow from investing activities Proceeds from disposal of PP&E (including leases) Purchases of PP&E (including leases and intellectual property Interest received Government grants received relating to PP&E Net cash used in investing activities (1,507) 2 83 (1,383) (1,881) 3 151 (1,417) 75 (2,793) 14 93 (2,612) Cash flows from financing activities Borrowings and repayments Dividends paid to the company's shareholders Interest paid Capital Injections Net cash used in financing activities (380) (801) (197) 14 (1,364) (186) (1,001) (209) 0 (1,396) 741 (1,001) (254) 4 (511) Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (320) 808 487 5 487 492 7 492 499 EXHIBIT 5: PLANNED CAPITAL EXPENDITURES, 2015 AND 2016 Location and Type of Expenditure Year ended December 31, 2015 2016 (millions of ) 760 250 1,010 255 455 710 United States Auto glass Float glass U.S. subtotal Russia Auto glass Float glass Russia subtotal Others Auto glass in Shenyang Auto-glass technology upgrades Float-glass technology upgrades Other Others subtotal Total 32 0 32 470 525 995 190 1,400 200 158 1,948 2,990 1,000 200 100 1,300 3,005 Fuyao Glass Pro Forma Cash Flow Forecast 2015 2018 2016 2017 (millions of ) Cash flows from operating activities Cash generated from operations Income tax paid Net cash generated from or (used in) operating activities Cash flow from investing activities Capital expenditures - United States Capital expenditures - Russia Capital expenditures -Others including China Working capital investment Net cash generated from or (used in) investing activities Net cash available before financing (4,335.50) 1,121.57 (949.42) (1,242.42) Cash flow from financing activities Borrowings or (Repayments) Dividends paid to the company's shareholders Other interest received Capital injections - issuance of new shares Net cash generated from or (used in) financing activities 227.00 5.00 61.00 13.00 Net (decrease) or increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period . Notes: Cash generated from operations and revenue increase at a constant rate of 10 per cent per year from 2014 to 2018 Income tax paid is 12 per cent of cash generated from operations from 2015 to 2018. Planned capital expenditures for Others including China remains the same amount from 2016 to 2018. Working capital investment increases at a rate of 163 per cent of the change in cash generated from operating activities until 2018. Fuyao Glass Pro Forma Cash Flow Forecast 2015 2018 2016 2017 (millions of y) Cash flows from operating activities Cash generated from operations Income tax paid Net cash generated from or (used in) operating activities 3921.50 (470.58) 3450.92 4313.65 (517.64) 4745.02 (569.40) 5219.52 (626.34) 4593.17 3796.01 4175.61 Cash flow from investing activities Capital expenditures - United States Capital expenditures - Russia Capital expenditures -Others including China Working capital investment Net cash generated from or (used in) investing activities (1010) (32) (1948) (5625) (710) (995) (1300) (6187.5) 3182.5 (1300) (6806.25) 5506.25 (1300) (7486.87) (8786.87) 2635 Net cash available before financing (5164.08) (5396.49) (3930.64) (4193.7) Cash flow from financing activities Borrowings or (Repayments) Dividends paid to the company's shareholders Other interest received Capital injections - issuance of new shares Net cash generated from or (used in) financing activities (4,335.50) (1001) 227.00 1,121.57 (1001) 5.00 (949.42) (1,242.42) (1001) (1001) 61.00 13.00 (5109.50) (2117.57) (1889.42) (2230.42) Net (decrease) or increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (10273.58) 499 (9774.58) (7514.06) (5820.06) (6784.58) (11293.64) (14298.64) (17113.7) (6424.12) (15813.69) (22237.81) EXHIBIT 3 (CONTINUED) c. Cash Flow Statement millions of 2013 2012 2014 Cash flow from operating activities Cash generated from operations Income tax paid Net cash generated from operating activities 2,772 (346) 2,426 3,199 (382) 2,817 3,565 (435) 3,131 40 311 Cash flow from investing activities Proceeds from disposal of PP&E (including leases) Purchases of PP&E (including leases and intellectual property Interest received Government grants received relating to PP&E Net cash used in investing activities (1,507) 2 83 (1,383) (1,881) 3 151 (1,417) 75 (2,793) 14 93 (2,612) Cash flows from financing activities Borrowings and repayments Dividends paid to the company's shareholders Interest paid Capital Injections Net cash used in financing activities (380) (801) (197) 14 (1,364) (186) (1,001) (209) 0 (1,396) 741 (1,001) (254) 4 (511) Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period (320) 808 487 5 487 492 7 492 499
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