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Events 2005 - ChartNexus

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Cash Flow Statements for the Financial Year ended 31 December <strong>2005</strong><br />

CASH FLOWS FROM OPERATING ACTIVITIES<br />

Group Company<br />

<strong>2005</strong> 2004 <strong>2005</strong> 2004<br />

RM’000 RM’000 RM’000 RM’000<br />

Profit before tax 191,713 166,208 208,640 166,048<br />

Adjustments for:<br />

Impairment on property, plant and equipment 283 145 – –<br />

Loss on liquidation of associated company – 772 – 875<br />

Share of loss in associated company – 73 – –<br />

Gain on disposal of property, plant and equipment (16,835) (1,355) (974) (1,283)<br />

Depreciation of property, plant and equipment 44,072 43,920 40,843 40,303<br />

Dividend income – – (31,860) –<br />

Property, plant and equipment written off 36 21 29 21<br />

Interest expense 18,807 10,084 18,480 10,000<br />

Interest income (14,857) (8,518) (13,372) (8,072)<br />

Accretion of discounts (143) (143) (143) (143)<br />

Amortisation of radio license 231 – – –<br />

Inventories written off 1 – 1 –<br />

Provision for unutilised staff leave 3,232 1,545 3,232 1,500<br />

Bad debts written off 7 194 7 10<br />

Allowance for doubtful debts 540 728 347 373<br />

Allowance for doubtful debts no longer required (846) (165) (113) (161)<br />

Provision for retirement benefits 782 683 782 683<br />

Operating profit before working capital changes 227,023 214,192 225,899 210,154<br />

Decrease/(Increase) in inventories 40,263 (51,092) 40,263 (51,092)<br />

Increase in trade receivables (916) (5,976) (750) (4,321)<br />

(Increase)/Decrease in other receivables, deposits and prepayments (668) 3,820 (547) 3,689<br />

Increase/(Decrease) in trade payables 6,663 (6,635) 6,663 (6,635)<br />

Increase/(Decrease) in other payables, accruals and provisions 4,963 (487) 2,651 11<br />

Increase in amounts owing to subsidiary companies – – 2,914 4,784<br />

Cash generated from operations 277,328 153,822 277,093 156,590<br />

Tax paid (18,332) (19,315) (15,645) (17,144)<br />

Net cash from operating activities 258,996 134,507 261,448 139,446<br />

The attached notes form an integral part of the financial statements.<br />

STAR PUBLICATIONS<br />

(MALAYSIA) BERHAD<br />

115

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