I-Berhad (7029-H) - Bursa Malaysia

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