Eng - IOI Group

cashflowstatements for the financial year ended 30 June 2003In RM’000Note Group Company2003 2002 2003 2002Cash Flows From Operating ActivitiesProfit before taxation 812,626 569,311 203,687 189,173Adjustments for:Depreciation of property, plant and equipment 123,678 77,236 5,007 4,747Interest expenses 72,200 48,329 65,168 53,617Unrealised foreign exchange loss 40,723 - 40,118 -Amortisation of goodwill on consolidation 21,631 9,124 - -Revaluation deficit of an investment property 14,064 - - -Provision for retirement benefits 11,620 798 - -Loss on disposal of an associate 4,137 - 4,056 -Allowance for stock obsolescence 2,266 130 - -Property, plant and equipment written off 1,824 1,495 606 50Provision for retrenchment benefits 1,526 - - -Inventories written off 1,277 1,426 6 -Allowance for doubtful debts 863 1,578 - -Loss on disposal of shares in a subsidiary 782 - 30 -Gain on disposal of investment properties (86) (90) - -Dividend income from otherlong term investments (156) (732) (115) (555)Gain on disposal of an associate (297) - - -Allowance for doubtful debts written back (431) (80) - -Gain on disposal of property, plantand equipment (672) (2,458) (296) (345)Amortisation of reserve on consolidation (778) (77) - -Allowance for diminution in value ofshort term investments written back (2,015) - - -Amortisation of discount on acquisitionof associates (2,485) (2,515) - -Gain on disposal of other long term investments (7,002) (5,999) - (1,616)Gain on disposal of short term investments (9,762) (104) (18,490) (450)Interest income (16,976) (11,924) (41,395) (38,863)Share of profits of associates (41,216) (50,421) - -Impairment loss on investment in an associate - 13,000 - -The notes on pages 137 to 226 form an integral part of the financial statements133IOI Corporation BerhadAnnual Report 2003