perspective perspective - ChartNexus

116
CASH FLOW FROM OPERATING ACTIVITIES
CASH FLOW STATEMENTS
for the financial year ended 31 December 2005
Group Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Net profit for the financial year
Adjustments for:
29,211 20,565 16,985 10,148
Allowance for doubtful debts 2,453 3,391 – –
Write-back of allowance for doubtful debts (3,837) (5,084) – –
Depreciation of property, plant and equipment 1,605 1,539 330 158
Property, plant and equipment written off – 29 – –
Gain on disposal of property, plant and equipment (16) (467) – (205)
Gross dividend income from subsidiary companies – – (23,236) (11,620)
Interest expense 1,544 1,240 367 11
Interest income (1,846) (1,467) (4,524) (5,333)
Loss on disposal of property, plant and equipment – 52 – –
Reversal of unutilised provision for property development costs (10,411) (1,653) – –
Minority interests 4,517 5,140 – –
Share of results of an associated company (8) 1,885 – –
Tax expense 3,131 9,313 6,861 4,189
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Decrease/(increase) in land held for property
development, completed properties and
26,343 34,483 (3,217) (2,652)
property development costs 4,550 (145,986) – –
(Increase)/decrease in receivables (9,826) 4,335 (6,053) 12,146
Increase/(decrease) in payables 11,321 (12,756) (161) 8
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Net cash flow from operations 32,388 (119,924) (9,431) 9,502
Interest paid (11,580) (4,471) (59) (11)
Interest received 1,406 1,192 4,823 3,684
Tax paid (10,674) (9,891) (1,393) (451)
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Net cash flow from operating activities 11,540 (133,094) (6,060) 12,724
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