FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
48
2015
$’000
2014
$’000
Cash Flows From Operating activities
Profit after tax
9,603
11,081
Adjustments for:
Income tax expense
5,122
4,715
Exchange differences
(976)
(563)
Employees share option expense (Note 7(b))
244
375
Depreciation of property, plant and equipment (Note 13)
18,064
19,513
Gain on disposal of property, plant and equipment, net
(321)
(190)
Property, plant and equipment written off
53
58
Interest income
(214)
(293)
Interest expense (Note 8)
1,545
1,589
Amortisation of deferred gain (Note 25)
(1,063)
(1,064)
Amortisation of intangible assets (Note 17)
1,205
2,384
Impairment loss of financial asset, available-for-sale (Note 9(v))
240
535
Impairment loss of goodwill in subsidiary (Note 9(vi))
-
179
Impairment loss of deferred development costs (Note 9(iii))
2,288
-
Impairment loss of property, plant and equipment (Note 13)
18
-
Loss on winding up of subsidiaries (Note 9(iv))
2,136
-
Operating cash flow before working capital changes
37,944
38,319
Changes in operating assets and liabilities:
Inventories
(7,944)
(12,033)
Receivables
(1,905)
(6,194)
Payables
(5,169)
9,369
Cash flows generated from operations
22,926
29,461
Tax paid
(3,444)
(4,939)
Interest paid
(1,584)
(1,598)
Net cash from operating activities
17,898
22,924
Cash Flows From Investing activities
Interest received
214
293
Additions of intangible assets (Note 17)
(2,890)
(4,506)
Purchase of property, plant and equipment (Note 22)
(13,707)
(16,320)
Proceeds from disposal of property, plant and equipment
532
506
Acquisition of a subsidiary, net of cash acquired (Note 22)
-
(4,249)
Net cash used in investing activities
(15,851)
(24,276)
CONSOLIDATED CASH FLOW STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
