|
 |
CASH FLOW STATEMENTS |
 |
For The Year Ended 31st December, 2001
| |
The Group
|
The Company
|
| |
2001 RM'000
|
2000 RM'000
|
2001 RM'000
|
2000 RM'000
|
|
CASH
FLOWS FROM OPERATING ACTIVITIES
|
|
|
|
|
|
Profit
before tax
|
21,404
|
18,690
|
14,687
|
11,992
|
|
Adjustments
for:
|
|
|
|
|
|
Depreciation
of property, plant and equipment
|
16,341
|
16,976
|
9,900
|
10,720
|
|
Inventories
written off
|
5,098
|
5,656
|
1,181
|
1,459
|
|
Provision
for retirement benefits
|
1,737
|
1,603
|
666
|
751
|
|
Share
in results of associated companies
|
1,405
|
910
|
-
|
-
|
|
Allowance
for inventories obsolescence
|
779
|
327
|
475
|
265
|
|
Unrealised
loss on foreign exchange
|
647
|
-
|
392
|
-
|
|
Finance
costs
|
518
|
1,383
|
459
|
1,333
|
|
Amortisation
of goodwill
|
436
|
-
|
-
|
-
|
|
Bad
receivables written off
|
310
|
10
|
25
|
-
|
|
Property,
plant and equipment written off
|
240
|
13
|
219
|
1
|
|
Allowance
for doubtful receivables:
|
|
|
|
|
|
Trade
|
-
|
1,543
|
-
|
-
|
|
Non-trade
|
15
|
-
|
-
|
-
|
|
Gain
on disposal of property, plant and equipment
|
(3,863)
|
(871)
|
(2,101)
|
(493)
|
|
Allowance
for doubtful receivables no longer required
|
(1,875)
|
-
|
-
|
-
|
|
Bad
receivables recovered
|
(64)
|
(206)
|
(6)
|
-
|
|
Interest
income
|
(61)
|
(45)
|
(56)
|
(37)
|
|
Currency
translation differences
|
(28)
|
-
|
-
|
-
|
|
Deposits
write back
|
-
|
(150)
|
-
|
-
|
| |
--------
|
--------
|
--------
|
--------
|
|
Operating
Profit Before Working Capital Changes
|
43,039
|
45,839
|
25,841
|
25,991
|
|
(Increase)/
Decrease in inventories
|
(8,546)
|
8,172
|
(7,775)
|
(7,598)
|
|
Decrease
in trade receivables
|
3,802
|
652
|
485
|
689
|
|
Increase
in amount owing by ultimate holding company
|
(2,721)
|
-
|
(397)
|
-
|
|
Increase
in amount owing by immediate holding company
|
(28,895)
|
-
|
(28,919)
|
-
|
|
Decrease
in amount owing by subsidiary companies
|
-
|
-
|
18,516
|
17,968
|
|
Increase
in amount owing by other related companies
|
(4,022)
|
-
|
(4,014)
|
-
|
|
Decrease
in amount owing by affiliated companies
|
33,211
|
4,141
|
30,530
|
3,868
|
|
Decrease/(
Increase) in other receivables and prepaid expenses
|
6,192
|
(6,532)
|
1,673
|
(2,900)
|
|
(Decrease)/
Increase in trade payables
|
(1,594)
|
(665)
|
6,172
|
2,563
|
|
Increase
in amount owing to ultimate holding company
|
4,214
|
-
|
4,211
|
-
|
|
Increase
in amount owing to immediate holding company
|
273
|
-
|
-
|
-
|
|
Decrease
in amount owing to affiliated companies
|
(4,991)
|
(3,187)
|
(4,933)
|
(1,821)
|
|
Increase/(Decrease) in other payables, accrued expenses and provisions
|
3,219
|
(3,243)
|
(287)
|
(1,161)
|
| |
--------
|
--------
|
--------
|
--------
|
|
Cash
Generated From Operations
|
43,181
|
45,177
|
41,103
|
37,599
|
|
Income
tax paid
|
(4,962)
|
(5,773)
|
(1,740)
|
(2,987)
|
|
Retirement
benefits paid to Yeo Hiap Seng (M) Bhd
|
|
|
|
|
|
Retirement
Benefit Fund and retired staff
|
(1,504)
|
(1,110)
|
(729)
|
(408)
|
|
Interest
paid
|
(518)
|
(1,383)
|
(459)
|
(1,333)
|
| |
--------
|
--------
|
--------
|
--------
|
|
Net
Cash From Operating Activities
|
36,197
|
36,911
|
38,175
|
32,871
|
| |
--------
|
--------
|
--------
|
--------
|
| |
|
|
|
|
|
CASH
FLOWS FROM INVESTING ACTIVITIES
|
|
|
|
|
|
Proceeds
from disposal of property, plant and equipment
|
5,917
|
1,229
|
4,015
|
1,359
|
|
Dividends
received from an associated company
|
558
|
558
|
-
|
-
|
|
Interest
received
|
61
|
45
|
56
|
37
|
|
Purchase
of property, plant and equipment *
|
(17,739)
|
(7,583)
|
(14,833)
|
(3,880)
|
|
Dividends
paid
|
(6,957)
|
(2,414)
|
(6,957)
|
(2,414)
|
|
Payment
of acquisition costs
|
(1,263)
|
-
|
(1,263)
|
-
|
|
Increase
in amount owing by associated companies
|
(641)
|
(205)
|
(605)
|
(205)
|
|
Dividends
paid to minority shareholders
|
(3)
|
(3)
|
-
|
-
|
|
Net
cash outflow on acquisition of subsidiary companies (Note 11)
|
-
|
-
|
(203)
|
-
|
| |
--------
|
--------
|
--------
|
--------
|
|
Net
Cash Used In Investing Activities
|
(20,067)
|
(8,373)
|
(19,790)
|
(5,103)
|
| |
--------
|
--------
|
--------
|
--------
|
| |
|
|
|
|
|
CASH
FLOWS FROM FINANCING ACTIVITIES
|
|
|
|
|
|
Repayment
of finance lease and hire-purchase
|
(2,646)
|
(2,741)
|
(2,436)
|
(2,347)
|
|
Repayment
of borrowings
|
(8,000)
|
(16,800)
|
(8,000)
|
(16,800)
|
| |
--------
|
--------
|
--------
|
--------
|
|
Net
Cash Used In Financing Activities
|
(10,646)
|
(19,541)
|
(10,436)
|
(19,147)
|
| |
--------
|
--------
|
--------
|
--------
|
| |
|
|
|
|
|
NET
INCREASE IN CASH AND CASH EQUIVALENTS
|
5,484
|
8,997
|
7,949
|
8,621
|
|
CASH
AND CASH EQUIVALENTS AT BEGINNING OF YEAR
|
9,784
|
787
|
(320)
|
(8,941)
|
| |
--------
|
--------
|
--------
|
--------
|
|
CASH
AND CASH EQUIVALENTS AT END OF YEAR
(Note 30)
|
15, 268
|
9,784
|
7,629
|
(320)
|
| |
--------
|
--------
|
--------
|
--------
|
| |
|
|
|
|
|
*
Purchase of property, plant and equipment consists of the following:
|
|
|
|
|
|
Payment
by cash
|
17,739
|
7,583
|
14,833
|
3,880
|
|
Hire-purchase/
lease
|
616
|
310
|
-
|
310
|
| |
--------
|
--------
|
--------
|
--------
|
|
Total
|
18,355
|
7,893
|
14,833
|
4,190
|
| |
--------
|
--------
|
--------
|
--------
|
|
|
