1. RESULTS OF OPERATIONS
1.6 Cash generated by operations
 
2020 
Rí000 
  2019 
Rí000 
 
Reconciliation of operating profit including discontinued operations to cash generated by operating activities: 
Operating profit from: 
— Continuing operations  636 050    86 845   
— Discontinued operations  9 083    122 819   
Adjustments for: 
Depreciation of property, plant and equipment  78 924    72 964   
Depreciation on leased assets  43 833    —   
Amortisation of intangible assets  151 681    203 429   
Fair value gain on financial instruments  (222 388)   (18 765)  
Fair value loss on financial instruments  332 105    873 877   
Fair value uplift on conversion from an associate to a subsidiary  —    (27 741)  
Impairment of goodwill relating to disposal groups  53 232    —   
Impairment of intangible assets  —    5 111   
Impairment of property, plant and equipment  65 701    2 002   
Impairment of goodwill  259 170    124 400   
Impairment of loans  13 338    163 663   
Impairment of inventory  43 038    5 024   
Impairment on leased assets  30 712    —   
Discounting of receivables  2 708    2 647   
Discounting of loans and other payables  (7 654)   (14 825)  
Surety receivable recognised  (19 826)   (29 998)  
Lease modification expense  13 122    —   
Profit on disposal of property, plant and equipment  (2 679)   (761)  
Profit on disposal of subsidiaries  (528)   —   
Profit on disposal of intangible assets  (10 746)   —   
Provision relating to the closure of WiConnect  28 292    —   
Foreign currency translation reserve recycled on disposal of subsidiary  —    (144)  
Equity compensation benefit expense  9 358    7 726   
Net unrealised forex loss/(profit) 10 166    (34 284)  
Changes in working capital (excluding the effects of acquisitions and disposals): 
Decrease/(increase) in inventories  795 224    (864 165)  
Increase in trade and other receivables  (147 642)   (434 190)  
(Decrease)/increase in trade and other payables  (396 806)   207 740   
Increase in advances to customers  (64 977)   (22 087)  
1 702 491    431 287