Note
2015
2014
$’000
$’000
Cash flows from operating activities
Loss before tax
(15,260)
(28,647)
Adjustments for:
Depreciation of property, plant and equipment
8,925
11,894
Amortisation of intangible assets
459
486
Amortisation of prepaid land lease payments
93
87
Gain on disposal of property, plant and equipment and
intangible assets
(1,515)
(388)
Net (gain)/loss on derivatives
(29)
5
Share option expense
29
43
Fair value gain on other investments
(452)
(288)
Gain on disposal of other investments
(232)
(1,500)
Gain on disposal of assets of disposal group classified as
held for sale
–
(107)
Fair value gain on investment property
(1,651)
(863)
Impairment loss on property, plant and equipment
4,956
16,729
Allowance for doubtful debts
1,410
306
Share of results of joint venture
168
–
Provision for long service payment, indemnity and restructuring
185
796
Interest expense
186
257
Interest income
(278)
(384)
Dividend income from other investments
(373)
(1,126)
Allowance for slow-moving inventories
1,572
339
Effect of exchange rate changes
1,273
1,523
Operating cash flows before changes in working capital
(534)
(838)
Increase in trade and other receivables
(3,290)
(2,359)
Decrease in inventories
1,335
3,460
(Increase)/decrease in prepayment
(88)
811
Increase/(decrease) in trade and other payables
398
(2,668)
Decrease in provision
(37)
(1,577)
Decrease in trust receipts
(3,939)
(1,209)
Cash flows used in operations
(6,155)
(4,380)
Interest paid
(186)
(257)
Interest received
284
367
Taxes paid
(441)
(510)
Net cash flows used in operating activities
(6,498)
(4,780)
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
I N N O T E K L I M I T E D
A N N U A L R E P O R T 2 0 1 5
48
CONSOLIDATED
CASH FLOW STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
