I-Berhad (7029-H) - Bursa Malaysia
I-Berhad (7029-H) - Bursa Malaysia
I-Berhad (7029-H) - Bursa Malaysia
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32 1999 1998<br />
Cash Flows from Operating Activities<br />
Note RM RM<br />
Loss before taxation (5,560,526) (4,684,506)<br />
Adjustments for:<br />
Amortisation of goodwill on consolidation 63,910 63,910<br />
Interest expense 20,289 37,045<br />
Interest income (249,138) (764,965)<br />
Gross dividends received from investment<br />
quoted in <strong>Malaysia</strong> (200,000) –<br />
Depreciation 2,841,772 3,587,234<br />
Loss/(Gain) on disposal of fixed assets 4,906 (218)<br />
Unrealised loss/(Gain) on foreign exchange 9,851 (12,688)<br />
Provision for doubtful debts 1,117,512 115,138<br />
Stocks written off 171,753 –<br />
Fixed assets written off 226,366 –<br />
Loss on disposal of quoted shares in <strong>Malaysia</strong> 77,715 –<br />
Provision for stock obsolescence – 65,742<br />
Stock obsolescence written back (27,536) –<br />
Operating loss before working capital changes (1,503,126) (1,593,308)<br />
(Increase)/Decrease in debtors (4,187,820) 4,378,845<br />
(Increase)/Decrease in stocks (5,847,206) 854,579<br />
Increase/(Decrease) in creditors 11,459,893 (8,653,621)<br />
Cash used in operations (78,259) (5,013,505)<br />
Tax paid (238,251) (853,685)<br />
Net cash used in operating activities (316,510) (5,867,190)<br />
Cash Flows from Investing Activities<br />
Cash outflow from acquisition of subsidiary – (2,207,752)<br />
Purchase of fixed assets (4,564,599) (2,019,874)<br />
Proceeds from disposal of fixed assets 27,001 3,700<br />
Purchase of quoted shares in <strong>Malaysia</strong> – (9,065,757)<br />
Proceeds from disposals of quoted shares in <strong>Malaysia</strong> 1,218,688 –<br />
Net dividends received from investment<br />
Consolidated Cash Flow Statement<br />
... for the year ended 31 December, 1999<br />
quoted in <strong>Malaysia</strong> 172,000 –<br />
Net cash used in investing activities (3,146,910) (13,289,683)