Download PDF - ChartNexus

Statements of Cash Flows (cont’d)
For the financial year ended 31 December 2011
Group Company
2011 2010 2011 2010
Note RM’000 RM’000 RM’000 RM’000
Operating activities (cont’d)
Adjustments for: (cont’d)
Unwinding of discount on provision 27 130 123 – –
Write back of tin slag inventory
Operating cash flows before changes in working
4 (13,897) (7,860) – –
capital 185,150 125,579 77,067 55,997
Decrease/(Increase) in inventories 114,971 (13,494) 127,074 (52,316)
Increase in receivables (67,956) (80,431) (79,736) (17,909)
Increase in amount due from subsidiaries – – (1,862) (8,283)
Increase in amount due from associates (916) (2,750) (913) (2,749)
Increase/(Decrease) in payables 2,465 74,922 (15,007) 25,249
(Decrease)/Increase in amount due to
holding company (62) 109 (62) 109
Decrease in amount due to a subsidiary – – (14,664) (458)
Increase/(Decrease) in amount due to an associate
and a jointly controlled entity 29,194 (534) 29,194 (500)
Decrease in amount due to a related company – (1,396) – –
Cash generated from/(used in) operations 262,846 102,005 121,091 (860)
Income tax paid (30,516) (18,637) (15,195) (6,917)
Interest paid (23,254) (23,693) (20,269) (19,886)
Severance benefits paid
Net cash generated from/(used in) operating
27 (263) (3,430) – –
activities 208,813 56,245 85,627 (27,663)
Investing activities
Acquisition of subsidiaries – 965 – –
Interest received 11,062 6,250 9,455 5,625
Net dividend received from an associate 21 21 21 21
Net dividend received from subsidiaries – – 31,036 4,084
Payment for an insurance scheme 27 (11,234) (10,722) – –
Payment for corporate club membership
Payment for deferred mine development and
17 (350) – – –
deferred exploration and evaluation expenditure (42,346) (37,397) – –
Payment for prepaid land lease payments
Proceeds from disposal of property, plant
16 (141) – – –
and equipment 438 137 323 –
Proceeds from disposal of shares in an associate
Proceeds from disposal of disposal group classified
– 16,988 – 16,988
as held for sale 22 10,530 – 10,732 –
Purchase of property, plant and equipment 15 (12,171) (25,088) (5,945) (2,448)
Purchase of shares in associates
Net cash (used in)/generated from investing
– (3,529) – (3,529)
activities (44,191) (52,375) 45,622 20,741
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 83