Powering growth - Aztech Group Ltd - Investor Relations

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48a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t sCONSOLIDATED STATEMENT OF CASH FLOWSYear ended December 31, 2009GROUP2009 2008$’000 $’000Operating activitiesProfit before income tax 18,038 12,618Adjustments for:Share based payment 465 222Allowance for doubtful trade receivables 27 -Allowance for inventory obsolescence 725 942Depreciation 7,175 5,312Loss on disposal of property, plant and equipment 1,115 53Amortisation of intangible asset 3,494 4,924(Reversal) Provision for warranty (25) 31(Gain) Loss from fair value adjustments on investment properties (1,144) 2,650Change in fair value of derivative financial instruments (565) (337)Interest income (159) (657)Interest expense 1,717 1,892Net foreign exchange gain (973) (1,547)Operating cash flows before movements in working capital 29,890 26,103Trade receivables 8,526 8,430Other receivables and prepayments (877) 919Inventories 5,651 1,619Trade payables (648) (13,161)Other payables and provisions 8 (1,044)Cash generated from operations 42,550 22,866Interest paid (1,717) (1,892)Income tax paid (3,560) (2,427)Net cash from operating activities 37,273 18,547
F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 949CONSOLIDATED STATEMENT OF CASH FLOWSYear ended December 31, 2009GROUP2009 2008$’000 $’000Investing activitiesProceeds on disposal of property, plant and equipment 225 9Purchase of property, plant and equipment (15,081) (40,293)Deposit for vessel payment (5,382) (8,822)Purchase of investment property - (267)Intangible assets (2,724) (3,663)Interest received 159 657Net cash used in investing activities (22,803) (52,379)Financing activitiesDividend paid (8,008) (6,115)Repayment of obligations under finance leases (1,959) (2,603)(Repayment of) Net proceeds from bank borrowings (17,192) 45,405Proceeds from issue of shares 10,820 124Proceeds from derivative financial instrument 721 119Purchase of treasury shares - (1,989)Net cash (used in) from financing activities (15,618) 34,941Net (decrease) increase in cash and cash equivalents (1,148) 1,109Effects of exchange rate changes on the balance of cashheld in foreign currencies (389) 363Cash and cash equivalents at beginning of year 37,649 36,177Cash and cash equivalents at end of year 36,112 37,649See accompanying notes to financial statements.
Page 1 and 2: Powering GrowthAnnual Report 09
Page 3 and 4: AztecH’S GLOBAL REACHAztech at a
Page 5 and 6: F i n a n c i a l H i g h l i g h t
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HEAD OFFICEAZTECH GROUP LTD31 Ubi R
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Powering growth - Aztech Group Ltd - Investor Relations

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