Consolidated Statement of Cash Flows

    Year ended December 31,
  NOTES 2010 2009
Operating activities      
Profit/(loss) before tax   185,248 (426,755)
       
Adjustment to reconcile profit before tax to net cash flows      
Non-cash:      
Depreciation of property, plant and equipment   215,416 205,288
Amortisation of intangible assets 20 85,199 107,798
Loss on disposal of property, plant and equipment 7 10,195 3,959
Impairment of goodwill 20 - 10,053
Impairment of property, plant and equipment 19 - 37,276
Foreign exchange gain, net   (9,512) (14,233)
Finance costs   430,586 446,875
Finance income 10 (18,895) (41,276)
Gain on disposal of available-for-sale investments 10 - (1,988)
Loss on changes in fair value of derivative financial instrument 25 12,361 -
Share of profit in associate 8 - (1,416)
Gain on disposal of associate 8 - (379)
Allowance for net realisable value of inventory 18 (4,818) (4,559)
Allowance for doubtful debts 31 5,420 4,219
Movement in other provisions   31,115 3,232
Operating cash flow before working capital changes   942,315 328,094
       
Working capital changes:      
(Increase)/decrease in inventories   (277,508) 226,912
(Increase)/decrease in trade and other receivables   (148,208) 183,001
Decrease in prepayments   21,095 5,152
Increase/(decrease) in trade and other payables   90,862 (77,213)
Increase/(decrease) in advances from customers   (213,250) 219,747
Cash generated from operations   415,306 885,693
       
Income taxes paid   (28,987) (33,387)
Net cash flows from operating activities   386,319 852,306
       
Investing activities      
Purchase of property, plant and equipment and intangible assets   (314,096) (395,318)
Proceeds from sale of property, plant and equipment   386 1,323
Proceeds from disposal of subsidiaries 21 26,027 -
Sale of available-for-sale investments   - 8,177
Disposal of associate   - 785
Acquisition of subsidiaries, net of cash acquired   - (509,714)
Issuance of loans   (968) (1,833)
Proceeds from repayment of loans issued   1,277 991
Interest received   2,120 2,013
Dividends received   14,092 -
Dividends received from associate   - 2,676
Net cash flows used in investing activities   (271,162) (890,900)
       
Financing activities      
Purchase of treasury shares 30 (xii) (280,973) (310)
Proceeds from sales of treasury shares 30 (xii) - 759
Proceeds from issue of share capital 30 (i) 279,427 -
Proceeds from borrowings   3,097,306 4,190,093
Repayment of borrowings   (2,994,735) (3,608,268)
Interest paid   (342,743) (444,111)
Reimbursement of interest paid   3,905 10,498
Payment of finance lease liabilities   (2,822) (2,809)
Acquisition of non-controlling interest   (1,085) (8,961)
Proceeds from sale of non-controlling interests 30 (v) 32,939 -
Contributions from non-controlling interest owners 30 (vi) 23,124 46
Dividends paid to non-controlling interest shareholders   (599) (2,069)
Net cash flows from financing activities   (186,256) 134,868
       
Net (decrease)/increase in cash and cash equivalents   (71,099) 96,274
Net foreign exchange difference   (15,133) 4,089
Cash and cash equivalents at January 1   243,756 143,393
Cash and cash equivalents at December 31   157,524 243,756
    Year ended December 31,
  NOTES 2010 2009
Operating activities      
Profit/(loss) before tax   185,248 (426,755)
       
Adjustment to reconcile profit before tax to net cash flows      
Non-cash:      
Depreciation of property, plant and equipment   215,416 205,288
Amortisation of intangible assets 20 85,199 107,798
Loss on disposal of property, plant and equipment 7 10,195 3,959
Impairment of goodwill 20 - 10,053
Impairment of property, plant and equipment 19 - 37,276
Foreign exchange gain, net   (9,512) (14,233)
Finance costs   430,586 446,875
Finance income 10 (18,895) (41,276)
Gain on disposal of available-for-sale investments 10 - (1,988)
Loss on changes in fair value of derivative financial instrument 25 12,361 -
Share of profit in associate 8 - (1,416)
Gain on disposal of associate 8 - (379)
Allowance for net realisable value of inventory 18 (4,818) (4,559)
Allowance for doubtful debts 31 5,420 4,219
Movement in other provisions   31,115 3,232
Operating cash flow before working capital changes   942,315 328,094
       
Working capital changes:      
(Increase)/decrease in inventories   (277,508) 226,912
(Increase)/decrease in trade and other receivables   (148,208) 183,001
Decrease in prepayments   21,095 5,152
Increase/(decrease) in trade and other payables   90,862 (77,213)
Increase/(decrease) in advances from customers   (213,250) 219,747
Cash generated from operations   415,306 885,693
       
Income taxes paid   (28,987) (33,387)
Net cash flows from operating activities   386,319 852,306
       
Investing activities      
Purchase of property, plant and equipment and intangible assets   (314,096) (395,318)
Proceeds from sale of property, plant and equipment   386 1,323
Proceeds from disposal of subsidiaries 21 26,027 -
Sale of available-for-sale investments   - 8,177
Disposal of associate   - 785
Acquisition of subsidiaries, net of cash acquired   - (509,714)
Issuance of loans   (968) (1,833)
Proceeds from repayment of loans issued   1,277 991
Interest received   2,120 2,013
Dividends received   14,092 -
Dividends received from associate   - 2,676
Net cash flows used in investing activities   (271,162) (890,900)
       
Financing activities      
Purchase of treasury shares 30 (xii) (280,973) (310)
Proceeds from sales of treasury shares 30 (xii) - 759
Proceeds from issue of share capital 30 (i) 279,427 -
Proceeds from borrowings   3,097,306 4,190,093
Repayment of borrowings   (2,994,735) (3,608,268)
Interest paid   (342,743) (444,111)
Reimbursement of interest paid   3,905 10,498
Payment of finance lease liabilities   (2,822) (2,809)
Acquisition of non-controlling interest   (1,085) (8,961)
Proceeds from sale of non-controlling interests 30 (v) 32,939 -
Contributions from non-controlling interest owners 30 (vi) 23,124 46
Dividends paid to non-controlling interest shareholders   (599) (2,069)
Net cash flows from financing activities   (186,256) 134,868
       
Net (decrease)/increase in cash and cash equivalents   (71,099) 96,274
Net foreign exchange difference   (15,133) 4,089
Cash and cash equivalents at January 1   243,756 143,393
Cash and cash equivalents at December 31   157,524 243,756

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