2004 - Hiap Teck Venture Berhad
2004 - Hiap Teck Venture Berhad
2004 - Hiap Teck Venture Berhad
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Cash Flow Statements<br />
for the year ended 31 July <strong>2004</strong><br />
GROUP<br />
COMPANY<br />
<strong>2004</strong> 2003 <strong>2004</strong> 2003<br />
RM'000 RM'000 RM'000 RM'000<br />
Cash Flows From Operating Activities<br />
Profit/(loss) before taxation 57,628 29,288 10,853 (54)<br />
Adjustments for:<br />
Bad debts written off 148 - - -<br />
Loss on disposal of other investment 537 - - -<br />
Provision for impairment in value on<br />
other investment 531 - - -<br />
Plant and equipment written off 183 - - -<br />
Other payable written off (70) - - -<br />
Revaluation deficit on leasehold land - 354 - -<br />
Share flotation expenses - (834) - (834)<br />
Goodwill amortised 52 52 - -<br />
Unrealised foreign exchange loss/(gain) 1 (110) - -<br />
Provision for doubtful debts 64 6,594 - -<br />
Doubtful debts recovered (1,462) - - -<br />
Doubtful debts written back - (75) - -<br />
Depreciation of property, plant and equipment 13,362 10,617 778 778<br />
Interest expense 7,303 11,842 - -<br />
Fixed deposits interest income (310) (199) (164) (41)<br />
Net overdue interest income written off 81 119<br />
Gain on disposal of property, plant and equipment (1,200) (3,987) - -<br />
Operating profit/(loss) before<br />
working capital changes 76,848 53,661 11,467 (151)<br />
Changes in working capital<br />
Inventories (50,637) (28,874) - -<br />
Receivables (49,504) 24,803 (13) (39)<br />
Payables 17,141 8,367 778 666<br />
Related companies - - (49,759) 1,528<br />
Cash (used in)/generated from operations (6,152) 57,957 (37,527) 2,004<br />
Interest paid (7,303) (11,510) - -<br />
Overdue interest income received (81) (83) - -<br />
Taxation paid (14,513) (6,711) (3,615) -<br />
Net cash (used in)/generated from<br />
operating activities (28,049) 39,653 (41,142) 2,004<br />
Cash Flows From Investing Activities<br />
Refund of incidental cost on property 22 - 1 -<br />
Proceeds from disposal of other investment 254 - - -<br />
Proceeds from disposal of property, plant<br />
and equipment 1,276 4,235 - -<br />
Fixed deposits interest received 310 157 164 36<br />
Cost incidental to disposal of property - (3) - -<br />
Purchase of property, plant and equipment (7,731) (6,802) - (2,003)<br />
Net cash (used in)/generated from<br />
investing activities (5,869) (2,413) 165 (1,967)<br />
28 HIAP TECK VENTURE BERHAD