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37
Old Chang Kee Ltd. • Annual Report 2012
Consolidated Cash Flow Statement
For the fnancial period from 1 January 2011 to 31 March 2012
Te accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.
1 January
2011 to
31 March
2012
1 January
2010 to
31 December
2010
$’000
$’000
Cash fows from operating activities:
Proft before tax
5,330
3,631
Adjustments for:
Allowance for doubtful debts
- Amount due from associated company
–
9
Amortisation of intangible assets
37
285
Depreciation of property, plant and equipment
4,672
2,894
Gain on disposal of property, plant and equipment
(147)
(4)
Property, plant and equipment written of
322
181
Intangible assets written of
8
–
Interest expense
59
65
Interest income
(44)
(19)
Currency realignment
(18)
4
Operating proft before changes in working capital
10,219
7,046
(Increase)/decrease in inventories
(429)
21
Decrease/(increase) in trade and other receivables
181
(80)
Increase in amount due from associated companies
(97)
–
Increase in deposits
(308)
(35)
Increase in prepayments
(26)
(601)
Increase in trade and other payables
52
901
Decrease in other liabilities
(6)
(25)
Increase in provisions
8
400
Cash fows from operations
9,594
7,627
Income tax paid
(358)
(775)
Net cash fows generated from operating activities
9,236
6,852
Cash fows from investing activities
Purchase of property, plant and equipment
(4,544)
(3,712)
Purchase of intangible assets
(24)
(39)
Proceeds from disposal of property, plant and equipment
303
45
Interest received
44
19
Advances to associated company
–
(9)
Net cash fows used in investing activities
(4,221)
(3,696)
Cash fows from fnancing activities
Net proceeds from issuance of warrants
–
1,156
Proceeds from issuance of ordinary shares pursuant to warrants exercised
145
48
Repayment of fnance lease liabilities
(625)
(311)
Interest paid
(59)
(65)
Repayment of bank loans
(150)
(257)
Dividends paid
(1,427)
(2,615)
Net cash fows used in fnancing activities
(2,116)
(2,044)
Net increase in cash and cash equivalents
2,899
1,112
Cash and cash equivalents at the beginning of the fnancial period/year
13,024
11,912
Cash and cash equivalents at the end of the fnancial period/year (Note 21)
15,923
13,024