TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
49
STATEMENTS OF CASH FLOWS
for the year ended 31 December 2014
Group
Company
Note
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Cash flows from operating activities
Profit before tax
170,845
360,122
69,543
73,507
Adjustments for:
Amortisation of prepaid lease payments
5
1,638
884
-
-
Depreciation of property, plant and equipment
3
110,788
73,875
336
415
Dividend income
-
-
(89,300)
(75,110)
Gain on disposal of:
Property, plant and equipment
24
(5,845)
(1,708)
(25)
(484)
Unquoted subsidiaries
-
-
-
(16,836)
Finance costs
23
56,014
48,580
23,787
20,973
Finance income
22
(14,229)
(17,395)
(13,022)
(16,863)
Inventories written off
688
43
-
-
Write-down of inventories
14
12,580
176
-
-
Impairment loss on:
Other investments
-
-
659
658
Hire purchase receivables
3,683
5,845
-
-
Trade receivables
4,627
3,504
-
-
Property, plant and equipment
-
4,470
-
-
Reversal of write-down of inventories
14
(184)
(62)
-
-
Reversal of impairment loss on:
Hire purchase receivables
(308)
(2,373)
-
-
Trade receivables
(1,739)
(4,079)
-
-
Property, plant and equipment written off
2,158
430
-
-
Retirement benefits charged
19
5,603
4,283
103
852
Fair value changes on investment properties
(7,755)
(4,992)
-
-
Fair value loss on other investments
233
55
-
-
Share of profit of equity-accounted investees
(2,975)
(3,509)
-
-
Operating profit/(loss) before changes in
working capital
335,822
468,149
(7,919)
(12,888)
Changes in working capital:
Inventories
198,962
(313,413)
-
-
Hire purchase receivables
45,914
(189,466)
-
-
Finance lease receivables
1,043
1,863
-
-
Receivables
(90,820)
(37,410)
(47)
451
Deposits and prepayment
19,106
(9,447)
(50)
(5)
Payables and accruals
33,981
93,805
4,048
260
Cash generated from/(used in) operations
544,008
14,081
(3,968)
(12,182)
Tax paid
(109,668)
(114,093)
-
-
Tax refund
6,439
3,750
3,523
2,397
Interest paid
(56,014)
(48,580)
(23,787)
(20,973)
Interest received
14,229
17,395
13,022
16,863
Employee benefits paid
(209)
(2,007)
-
-
Net cash from/(used in) operating activities
398,785
(129,454)
(11,210)
(13,895)
