Cash Flow Statements - For the year ended 31st December, 2003
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    •  
    Cash Flow Statements


    For the year ended 31st December, 2003
    The Group
    The Company
     
    2003
    RM'000
    2002
    RM'000
    2003
    RM'000
    2002
    RM'000
    CASH FLOWS FROM OPERATING ACTIVITIES        
    Profit before tax
    24,091
    16,485
    3,595
    6,747
    Adjustments for:
      Depreciation of property, plant and equipment
    14,706
    16,555
    9,125
    10,150
      Inventories written off
    7,256
    4,271
    2,198
    1,127
      Allowance for doubtful receivables:
        Trade
    2,063
    5,159
    -
    -
        Others
    953
    464
    498
    464
      Amortisation of goodwill
    1,308
    1,308
    -
    -
      Share of loss of associated companies
    504
    977
    -
    -
      Allowance for inventories obsolescence
    230
    1,224
    -
    1,153
      Property, plant and equipment written off
    140
    1,607
    -
    1,171
      Bad receivables written off
    36
    73
    36
    29
      Finance costs
    7
    163
    4
    128
      Provision for retirement benefits no longer required
    (2,308)
    -
    (1,754)
    -
      Interest and finance income
    (2,163)
    (1,101)
    (2,161)
    (1,097)
      (Gain)/Loss on disposal of property, plant and equipment
    (446)
    (1,796)
    372
    474
      Unrealised gain on foreign exchange
    (259)
    (340)
    (244)
    (340)
      Bad receivables recovered
    (3)
    (7)
    (1)
    -
      Provision for retirement benefits
    -
    2,146
    -
    2,444
      Allowance for diminution in value of investment
    -
    120
    3,131
    120
      Provision for relocation expenses no longer required
    -
    (13,000)
    -
    (13,000)
      (Gain)/Loss on disposal of investment in an associated company
    -
    (686)
    -
    6,174
      Dividend income
    -
    -
    (3,753)
    (4,032)
      Allowance for inventories obsolescence no longer required
    -
    -
    (117)
    -
     
    Operating Profit Before Working Capital Changes
    46,115
    33,622
    10,929
    11,712
             
    (Increase)/ Decrease in:
      Inventories
    (10,172)
    27,574
    (15,528)
    10,738
      Trade receivables
    (6,505)
    (6,275)
    (608)
    (3,170)
      Amount owing by ultimate holding company
    696
    2,025
    696
    (299)
      Amount owing by immediate holding company
    (243)
    6,273
    (1,678)
    10,120
      Amount owing by other related companies
    2,699
    (752)
    2,699
    (760)
      Other receivables and prepaid expenses
    (441)
    570
    (1,344)
    592
    Increase/( Decrease) in:
      Trade payables
    5,021
    (10,626)
    3,498
    (7,724)
      Amount owing to ultimate holding company
    74
    (373)
    (91)
    (538)
      Amount owing to immediate holding company
    -
    (273)
    -
    -
      Amount owing to subsidiary companies
    -
    -
    36,861
    27,808
      Amount owing to other related company
    50
    -
    -
    -
      Other payables, accrued expenses
    9,091
    (1,154)
    4,302
    (2,255)
       
    Cash Generated From Operations
    46,385
    50,611
    39,736
    46,224
    Income tax refunded/(paid)
    1,657
    (10,600)
    4,848
    (7,458)
    Retirement benefits paid to Yeo Hiap Seng (M) Bhd
    Retirement Benefit Fund and retired staff
    (2,195)
    (1,522)
    (1,308)
    (747)
    Interest paid
    (7)
    (163)
    (4)
    (128)
       
    Net Cash From Operating Activities
    45,840
    38,326
    43,272
    37,891
       
    CASH FLOWS FROM/( USED IN) INVESTING ACTIVITIES
    Proceeds from disposal of property, plant and equipment
    1,809
    3,822
    914
    920
    Interest received
    1,564
    425
    1,562
    421
    Decrease in amount owing by associated companies
    638
    1,325
    638
    1,362
    Dividends received from an associated company
    279
    558
    279
    558
    Additions to property, plant and equipment
    (8,033)
    (9,180)
    (7,170)
    (7,141)
    Additions to other investment
    (121)
    -
    (121)
    -
    Dividends received from subsidiary companies
    -
    -
    2,501
    2,501
    Proceeds from disposal of investment in an associated company
    -
    686
    -
    686
       
    Net Cash Used In Investing Activities
    (3,864)
    (2,364)
    (1,397)
    (693)
       
    CASH FLOWS USED IN FINANCING ACTIVITIES
    Early settlement credits received
    599
    676
    599
    676
    Dividends paid
    (12,937)
    (10,171)
    (12,937)
    (10,171)
    Repayment of hire-purchase payables
    (251)
    (2,797)
    (103)
    (2,539)
    Dividends paid to minority shareholders
    (3)
    (3)
    -
    -
       
    Net Cash Used In Financing Activities
    (12,592)
    (12,295)
    (12,441)
    (12,034)
       
    NET INCREASE IN CASH AND CASH EQUIVALENTS
    29,384
    23,667
    29,434
    25,164
    CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
    38,935
    15,268
    32,793
    7,629
       
    CASH AND CASH EQUIVALENTS AT END OF YEAR (Note 29 )
    68,319
    38,935
    62,227
    32,793
       
     
      YEO HIAP SENG (MALAYSIA) BERHAD. 2004 (co.NO.3405-X)