49
FRENCKEN GROUP LIMITED
ANNUAL REPORT 2014
2014
$’000
2013
$’000
Cash Flows From Operating activities
Profit after tax
11,081
18,132
Adjustments for:
Income tax expense
4,715
4,330
Exchange differences
(563)
(1,110)
Employees share option expense
375
94
Depreciation of property, plant and equipment
19,513
19,970
Gain on disposal of property, plant and equipment, net
(190)
(297)
Property, plant and equipment written off
58
153
Interest income
(293)
(257)
Interest expense (Note 8)
1,589
2,258
Amortisation of deferred gain (Note 25)
(1,064)
(1,063)
Amortisation of intangible assets (Note 17)
2,384
1,789
Impairment loss of financial asset, available-for-sale (Note 9(a))
535
403
Impairment loss of property, plant and equipment (Note 13)
-
121
Impairment loss of goodwill in subsidiary (Note 9(b))
179
-
Operating cash flow before working capital changes
38,319
44,523
Changes in operating assets and liabilities:
Inventories
(12,033)
(615)
Receivables
(6,194)
(4,417)
Payables
9,369
(4,749)
Cash flows generated from operations
29,461
34,742
Tax paid
(4,939)
(4,532)
Interest paid
(1,598)
(2,221)
Net cash from operating activities
22,924
27,989
Cash Flows From Investing activities
Interest received
293
257
Additions of intangible assets (Note 17)
(4,506)
(2,816)
Purchase of property, plant and equipment (Note 22)
(16,320)
(15,040)
Proceeds from disposal of property, plant and equipment
506
1,241
Acquisition of a subsidiary, net of cash acquired (Note 22)
(4,249)
(416)
Net cash used in investing activities
(24,276)
(16,774)
CONSOLIDATED CASH FLOW STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
