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Annual Report 2013
• 66 •
STATEMENTS OF CASH FLOWS FOR THE
FINANCIAL YEAR ENDED 31 DECEMBER 2013
Group
Company
Note
2013
2012
2013
2012
RM
RM
RM
RM
Operating activities
Profit before tax
47,112,408
26,916,636
33,085,568
10,438,687
Adjustments for:
Depreciation of property, plant and equipment
8
7,498,276
4,912,824
5,369,999
2,847,390
Interest expense
7
354,602
293,660
832,303
559,711
Property, plant and equipment written-off
8
728
1,505
728
1,503
Gain on disposal of property, plant and equipment 6
-
-
(4,667)
-
Investment written off
8
-
-
-
2
Dividend income
6
(985,810)
(1,391,963)
(6,067,332)
(1,129,139)
Fair value changes in investment securities
6
(869,785)
(642,928)
(561,685)
(411,047)
Interest income
5
(665,474)
(689,860)
(1,018,800)
(1,149,890)
Impairment loss on trade receivables
8
317,498
618,552
178,199
410,559
Share of results of associates
810,029
(54,713)
-
-
Reversal of provision for doubtful debts
6
-
(129,780)
-
(129,780)
Bad debts written off
8
-
15,083
-
15,083
Unrealised foreign exchange loss
8
23,218
-
23,218
-
Total adjustments
6,483,282
2,932,380
(1,248,037)
1,014,392
Operating cash flows before
changes in working capital
53,595,690
29,849,016
31,837,531
11,453,079
Changes in working capital:
(Increase)/decrease in inventories
(4,415,230)
19,759,328
13,778,860
(2,540,556)
Increase in amount due from
customers for contract work
(267,616)
-
(305,688)
-
(Decrease)/increase in amount due
to customers for contract work
(828,970)
(758,490)
(739,754)
659,873
(Increase)/decrease in receivables
(29,702,646)
10,609,214
(15,550,435)
(1,238,544)
Increase/(decrease) in payables
6,316,617
(5,435,550)
8,126,146
2,451,569
Decrease in other current assets
495
1,615
-
-
Total changes in working capital
(28,897,350)
24,176,117
5,309,129
(667,658)
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