DEFINING DESIGN
QUALITY
42
Group
2014
2013
$’000
$’000
(Note 39)
Cash flows from operating activities
Profit before tax
21,354
22,005
Adjustments for:
Amortisation of intangible asset
91
–
Bad trade debts written off
68
128
Depreciation of property, plant and equipment
2,563
2,017
Dividend income from available-for-sale asset
–
(297)
Loss on disposal of interest in a subsidiary
17
–
Net impairment loss/(write-back of impairment loss) on doubtful trade receivables
369
(389)
Net gain on disposal of property, plant and equipment
(93)
(83)
Performance share scheme expense
1,160
1,135
Property, plant and equipment written off
22
16
Interest income
(441)
(394)
Interest expense
241
276
Share of results of associates
(1,021)
(820)
Currency realignment
330
(532)
Operating cash flows before changes in working capital
24,660
23,062
Decrease/(increase) in:
Inventories
22
(1,540)
Gross amount due from customers for contract work-in-progress
2,754
(888)
Trade and other receivables
4,786
(11,878)
Other assets
(143)
(101)
Increase/(decrease) in:
Gross amount due to customers for contract work-in-progress
802
5,118
Trade and other payables
(3,107)
14,911
Other liabilities
(1,944)
(1,838)
Net cash flows from operations
27,830
26,846
Interest received
441
394
Interest paid
(241)
(276)
Income taxes paid
(3,192)
(4,047)
Net cash flows from operating activities
24,838
22,917
Cash flows from investing activities
Purchase of property, plant and equipment (Note 13)
(2,425)
(4,550)
Proceeds from disposal of property, plant and equipment
107
330
Net cash inflow from re-measurement of ownership interest in a subsidiary (Note 15)
1,805
–
Net cash outflow on disposal of interest in a subsidiary (Note 15)
(19)
–
Capital contribution by non-controlling interest of a subsidiary
– *
90
Acquisition of an associate
(40)
–
Acquisition of additional interest in an associate
–
(703)
Acquisition of other investments
–
(1,093)
Dividend income from available-for-sale asset
–
297
Dividend income from associates
496
497
Net cash flows used in investing activities
(76)
(5,132)
Consolidated Statement of Cash Flows
for the year ended 31 December 2014
