Download File - TCL Group
Download File - TCL Group
Download File - TCL Group
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
CONSOLIDATED STATEMENT OF CASH FLOWS<br />
FOR THE YEAR ENDED 31ST DECEMBER, 2010<br />
(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)<br />
2010 2009<br />
$ $<br />
Operating activities<br />
(Loss)/profit before taxation from continuing operations (3,416) 24,917<br />
Loss before taxation from discontinued operations (4,253) (9,286)<br />
(Loss)/profit before taxation (7,669) 15,631<br />
Adjustments to reconcile profit before taxation to<br />
net cash generated by operating activities:<br />
Depreciation 9,211 9,798<br />
Increase in provision for doubtful debts 4,909 2,607<br />
Other non–cash items (35) (58)<br />
Interest expense (net) 1,540 1,924<br />
Employee benefits expense 1,914 2,076<br />
Loss/(gain) on disposal of property, plant and equipment 297 (4)<br />
10,167 31,974<br />
Changes in net current assets<br />
Increase in inventories (5,084) (2,511)<br />
Increase/(decrease) in receivables and prepayments 4,664 (8,506)<br />
(Decrease)/increase in payables and accruals (14,782) 7,332<br />
Cash (used in)/generated by operating activities (5,035) 28,289<br />
Taxation paid (1,222) (7,810)<br />
Net interest paid (1,399) (1,938)<br />
Pension contributions paid (2,532) (2,427)<br />
Net cash (used in)/generated from operating activities (10,188) 16,114<br />
Investing activities<br />
Additions to property, plant and equipment (5,518) (7,561)<br />
Proceeds from sale of property, plant and equipment – 38<br />
Net cash used in investing activities (5,518) (7,523)<br />
The accompanying notes form an integral part of these financial statements.<br />
14<br />
BUILD TO LAST FOR GENERATIONS
Change language