1999 Annual Report - Delta Electronics
1999 Annual Report - Delta Electronics
1999 Annual Report - Delta Electronics
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DELTA ELECTRONICS, INC.<br />
STATEMENT OF CASH FLOWS<br />
FOR THE YEARS ENDED DECEMBER 31, <strong>1999</strong> AND 1998<br />
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)<br />
<strong>1999</strong> 1998<br />
Cash flows from operating activities<br />
Net income<br />
Adjustments to reconcile net income to net cash<br />
provided by operating activities:<br />
$ 3,647,886 $ 2,235,371<br />
Bad debts expense 23,000 -<br />
Depreciation and amortization<br />
Investment income, net of gain on disposal<br />
489,688 356,850<br />
of investments<br />
Gain on disposal of property, plant and equipment,<br />
( 3,892,206) ( 2,259,183)<br />
net ( 32,260) ( 6,669)<br />
Reversal of allowance for doubtful accounts<br />
Exchange gain on revaluation of foreign<br />
- ( 34,000)<br />
currency denominated convertible bonds<br />
Provision for decline in market value and<br />
( 80,081) ( 7,490)<br />
inventory obsolescence 29,364 -<br />
Provision for interest payable on bonds redemption<br />
Accrued interest on convertible bonds transferred<br />
134,104 138,584<br />
to capital reserve<br />
Changes in assets and liabilities:<br />
15,464 1,214<br />
Increase in notes receivable ( 63,861) ( 17,971)<br />
(Increase) decrease in accounts receivable<br />
Decrease (increase) in accounts receivable<br />
( 2,158,029) 1,022,747<br />
- related parties 196,228 ( 200,204)<br />
Increase in other receivables<br />
(Increase) decrease in other receivables<br />
( 41,349) ( 85,055)<br />
- related parties ( 40,250) 44,852<br />
(Increase) decrease in inventories ( 538,583) 79,176<br />
Decrease (increase) in prepaid expense 6,799 ( 11,611)<br />
Decrease in prepayments 1,305 28,914<br />
Increase in other current assets ( 165,526) ( 129,732)<br />
Increase (decrease) in accounts payable 192,841 ( 42,034)<br />
Increase in accounts payable - related parties 2,909,884 38,956<br />
Increase (decrease) in income tax payable 10,349 ( 93,377)<br />
(Decrease) increase in accrued expenses ( 66,658) 58,987<br />
Increase (decrease) in other payables 57,414 ( 50,353)<br />
Increase (decrease) in received in advance 46,245 ( 10,756)<br />
Increase (decrease) in other current liabilities 110,773 ( 48,754)<br />
Increase in reserve for retirement plan 74,033 96,781<br />
Increase in deferred income tax 739,518 570,767<br />
Increase (decrease) in other liabilities - others 891 ( 3,662)<br />
Net cash provided by operating activities 1,606,983 1,672,348<br />
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