2002 Annual Report - CASH FLOW STATEMENTS
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    2002 Annual Report
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  • Notice of AGM
  • Dividend Entitlement
  • Notice of AGM Stat.
  • Financial Highlights
  • Five-Year Summary
  • Corporate Information
  • Board of Directors
  • Directors' Profile
  • Chairman's Statement
  • Corporate Governance
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  • Audit Comm. Report
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    Financial Statements
  • Directors' Report
  • Report of The Auditors
  • Income Statements
  • Balance Sheets
  • Changes in Equity
  • Cash Flow Statements
  • Financial Notes
  • Directors Statement
  • Director Declaration
  • Group Property
  • Shareholdings State.

  • 2004 Annual Report
  • 2003 Annual Report
  • 2002 Annual Report
  • 2001 Annual Report
  • 2000 Annual Report
    •  
    CASH FLOW STATEMENTS

    For the year ended 31st December, 2002

    The Group
    The Company
     
    2002
    RM'000
    2001
    RM'000
    2002
    RM'000
    2001
    RM'000
    CASH FLOWS FROM/( USED IN) OPERATING ACTIVITIES        
    Profit before tax
    16,485
    21,404
    6,747
    14,687
    Adjustments for:
      Depreciation of property, plant and equipment
    16,555
    16,341
    10,150
    9,900
      Property, plant and equipment written off
    1,607
    240
    1,171
    219
      (Gain)/ Loss on disposal of property,
    plant and equipment
    (1,797)
    (3,863)
    474
    (2,101)
      Allowance for doubtful receivables:
        Trade
    5,252
    -
    -
    -
        Others
    464
    15
    464
    -
      Bad receivables written off
    73
    310
    29
    25
      Allowance for doubtful receivables no longer required
    (94)
    (1,875)
    -
    -
      Bad receivables recovered
    (7)
    (64)
    -
    (6)
      Inventories written off
    4,271
    5,098
    1,127
    1,181
      Allowance for inventories obsolescence
    1,249
    779
    1,153
    475
      Allowance for inventories obsolescence no longer required
    (24)
    -
    -
    -
      Provision for retirement benefits
    2,146
    1,737
    2,444
    666
      Share of loss of associated companies
    977
    1,405
    -
    -
      (Gain)/ Loss on disposal of investment in an associated company
    (686)
    -
    6,174
    -
      Finance costs
    163
    518
    128
    459
      Allowance for diminution in value of investment
    120
    -
    120
    -
      Dividend income
    -
    -
    (558)
    (558)
      Amortisation of goodwill
    1,308
    436
    -
    -
      Provision for relocation expenses no longer required
    (13,000)
    -
    (13,000)
    -
      Interest income
    (425)
    (77)
    (421)
    (73)
      Unrealised (gain)/ loss on foreign exchange
    (340)
    647
    (340)
    392
      Currency translation differences
    -
    (28)
    -
    -
     
     
    Operating Profit Before Working Capital Changes
    34,297
    43,023
    15,862
    25,266
    (Increase)/ Decrease in:
      Inventories
    27,574
    (8,546)
    10,738
    (7,775)
      Trade receivables
    (6,275)
    3,802
    (3,170)
    485
      Amount owing by ultimate holding company
    2,025
    (2,721)
    (299)
    (397)
      Amount owing by immediate holding company
    6,273
    (28,895)
    10,120
    (28,919)
      Amount owing by subsidiary companies
    -
    -
    -
    18,516
      Amount owing by other related companies
    (752)
    (4,022)
    (760)
    (4,014)
      Amount owing by affiliated companies
    -
    33,211
    -
    30,530
      Other receivables and prepaid expenses
    570
    6,192
    592
    1,673
    Increase/( Decrease) in:
      Trade payables
    (10,626)
    (1,594)
    (7,724)
    6,172
      Amount owing to ultimate holding company
    (373)
    4,214
    (538)
    4,211
      Amount owing to immediate holding company
    (273)
    273
    -
    -
      Amount owing to subsidiary companies
    -
    -
    26,836
    -
      Amount owing to affiliated companies
    -
    (4,991)
    -
    (4,933)
      Other payables, accrued expenses
    (1,153)
    3,219
    (2,255)
    (287)
       
    Cash Generated From Operations
    51,287
    43,165
    49,402
    40,528
    Income tax paid
    (10,600)
    (4,962)
    (7,458)
    (1,740)
    Retirement benefits paid to Yeo Hiap Seng (M) Bhd Retirement
    Benefit Fund and retired staff
    (1,522)
    (1,504)
    (747)
    (729)
    Interest paid
    (163)
    (518)
    (128)
    (459)
       
    Net Cash From Operating Activities
    39,002
    36,181
    41,069
    37,600
       
    CASH FLOWS FROM/( USED IN) INVESTING ACTIVITIES
    Proceeds from disposal of property, plant and equipment
    3,822
    5,917
    920
    4,015
    (Increase)/ Decrease in amount owing by associated companies
    1,325
    (641)
    1,362
    (605)
    Proceeds from disposal of investment in an associated company
    686
    -
    686
    -
    Dividends received from an associated company
    558
    558
    558
    558
    Interest received
    425
    77
    421
    73
    Additions to property, plant and equipment
    (9,180)
    (17,739)
    (7,142)
    (14,833)
    Payment of acquisition costs
    -
    (1,263)
    -
    (1,263)
    Net cash outflow on acquisition of subsidiary companies
    -
    -
    -
    (203)
       
    Net Cash Used In Investing Activities
    (2,364)
    (13,091)
    (3,195)
    (12,258)
       
    CASH FLOWS USED IN FINANCING ACTIVITIES
    Repayment of hire-purchase payables
    (2,797)
    (2,646)
    (2,539)
    (2,436)
    Repayment of borrowings
    -
    (8,000)
    -
    (8,000)
    Dividends paid
    (10,171)
    (6,957)
    (10,171)
    (6,957)
    Dividends paid to minority shareholders
    (3)
    (3)
    -
    -
       
    Net Cash Used In Financing Activities
    (12,971)
    (17,606)
    (12,710)
    (17,393)
       
    NET INCREASE IN CASH AND CASH EQUIVALENTS
    23,667
    5,484
    25,164
    7,949
    CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
    15,268
    9,784
    7,629
    (320)
       
    CASH AND CASH EQUIVALENTS AT END OF YEAR (Note 30)
    38,935
    15,268
    32,793
    7,629
       

     
     
      YEO HIAP SENG (MALAYSIA) BERHAD. 2004 (co.NO.3405-X)