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076 SapuraCrest Petroleum Berhad Annual Report 2010 ConSoliDAteD CASh Flow StAtement For the year ended 31 January 2010 2010 2009 Rm’000 Rm’000 Cash flows from operating activities Profit before tax 363,999 281,560 Adjustments for: Amortisation of intangible assets 201 229 Short term accumulating compensated absences 624 1,260 (Reversal)/provision for doubtful debts (5,612) 8,784 Reserves arising from: – acquisition of a subsidiary (Note 37) (5,982) — – additional investment in a subsidiary (Note 37) (5,810) — Depreciation of property, plant and equipment 91,455 84,288 Property, plant and equipment written off 22 255 Gain on disposal of property, plant and equipment (17) (3,823) Share of results of jointly controlled entities (46,437) 45,719 Share of results of associates (342) (623) Net unrealised foreign exchange loss 8,259 12,435 Interest expense 45,186 57,784 Interest income (2,226) (6,345) Operating profit before working capital changes 443,320 481,523 (Increase)/decrease in inventories (4,253) 7,350 Decrease/(increase) in trade and other receivables 570,572 (272,776) Increase in balances with jointly controlled entities (33,406) (59,823) (Increase)/decrease in trade and other payables (78,895) 382,933 Cash generated from operating activities 897,338 539,207 Interest paid (44,575) (63,433) Taxes paid (47,613) (33,469) Net cash generated from operating activities 805,150 442,305 Cash flows from investing activities Additional investment in an existing subsidiary (Note 37) (18,000) (7,875) Investment in a jointly controlled entity (Note 17) (14,342) — Acquisition of a subsidiary (Note 37) 2,844 — Advances to a jointly controlled entity — (997) Proceeds from disposal of property, plant and equipment 49 9,511 Purchase of property, plant and equipment (79,222) (57,331) Dividends received — 1,581 Interest received 2,226 6,303 Dividends paid to minority interest of a subsidiary (122,500) (34,300) Net cash used in investing activities (228,945) (83,108) The accompanying notes form an integral part of the financial statements.
2010 2009 Rm’000 Rm’000 Cash flows from financing activities Proceeds from issuance of new shares pursuant to ESOS 6,629 1,955 Proceeds from conversion of warrants 53,342 16,338 Repayment of hire purchase and lease creditors (2,114) (2,528) Repayment of term loans (111,005) (129,116) Proceeds from issuance of MCPs, net of bond discount 4,919 — Redemption of MCPs (5,000) — Repayment of BaIDS — (45,000) Dividends paid (100,198) (17,495) Net changes in other short term borrowings (123,009) 48,311 Net cash used in financing activities (276,436) (127,535) net increase in cash and cash equivalents 299,769 231,662 effects of exchange rate changes (14,902) 4,513 Cash and cash equivalents at beginning of year 590,384 354,209 Cash and cash equivalents at end of year (note 23) 875,251 590,384 077 SapuraCrest Petroleum Berhad Annual Report 2010
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SapuraCrest Petroleum Berhad (45631
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BUILDING ON VALUES The theme “bui
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Notes: 1. Proxy Forms A member of t
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005 SapuraCrest Petroleum Berhad An
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FINANCIAL HIGHLIGHTS 31 January 200
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100% Sapura Retail Solutions Sdn Bh
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We set high standards of profession
Page 29 and 30: Tan Sri Datuk Amar (Dr.) Hamid Bugo
Page 31 and 32: Appointments held by Datuk Shahril
Page 33 and 34: Gee Siew Yoong (Independent Non-Exe
Page 35 and 36: MANAGEMENT Chief Executive Officer
Page 38 and 39: 036 SapuraCrest Petroleum Berhad An
Page 44: We will continually build up our kn
Page 49 and 50: Details of attendance at Board meet
Page 51 and 52: AUDIT COMMITTEE REPORT TERMS OF REF
Page 53 and 54: 5.0 COMMITTEE MEETINGS 5.1 The Comm
Page 55 and 56: SUMMARY OF ACTIVITIES OF THE AUDIT
Page 57 and 58: ADDITIONAL COMPLIANCE INFORMATION P
Page 59 and 60: STATEMENT OF DIRECTORS’ RESPONSIB
Page 62: Financial Statements Director’s R
Page 65 and 66: DiviDenDS (Cont’D) In respect of
Page 67 and 68: iSSue oF ShAReS (a) During the fina
Page 69 and 70: StAtement By DiReCtoRS Pursuant to
Page 71 and 72: Report on other legal and regulator
Page 73 and 74: BAlAnCe SheetS As at 31 January 201
Page 75 and 76: ConSoliDAteD StAtement oF ChAngeS i
Page 77: ComPAny StAtement oF ChAngeS in equ
Page 81 and 82: noteS to the FinAnCiAl StAtementS 3
Page 83 and 84: 2. SigniFiCAnt ACCounting PoliCieS
Page 95 and 96: 3. Revenue Revenue of the Group and
Page 97 and 98: 7. PRoFit BeFoRe tAX (Cont’D) gro
Page 99 and 100: 9. DiReCtoRS’ RemuneRAtion (Cont
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Page 103 and 104: 12. DiviDenDS Recognised during the
Page 105 and 106: 13. PRoPeRty, PlAnt AnD equiPment (
Page 107 and 108: 13. PRoPeRty, PlAnt AnD equiPment (
Page 109 and 110: 14. intAngiBle ASSetS (Cont’D) im
Page 111 and 112: 16. inveStmentS in ASSoCiAteS (Cont
Page 113 and 114: 17. inveStmentS in Jointly ContRoll
Page 115 and 116: 18. DeFeRReD tAX (Cont’D) The com
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Page 119 and 120: 21. tRADe AnD otheR ReCeivABleS (Co
Page 121 and 122: 23. CASh AnD CASh equivAlentS (Cont
Page 123 and 124: 24. ShARe CAPitAl AnD ShARe PRemium
Page 125 and 126: 25. emPloyee BeneFitS (Cont’D) em
Page 127 and 128: 27. Amount Due to SuBSiDiARieS Curr
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28. BoRRowingS (Cont’D.) maturity
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30. iStiSnA’ BonDS AnD muRABAhAh
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31. tRADe AnD otheR PAyABleS Curren
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33. CoRPoRAte guARAnteeS group Comp
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34. RelAteD PARty DiSCloSuReS (Cont
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35. FinAnCiAl inStRumentS (Cont’D
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36. Segment inFoRmAtion (Cont’D)
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36. Segment inFoRmAtion (Cont’D)
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37. SuBSiDiARieS AnD ACtivitieS Det
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37. SuBSiDiARieS AnD ACtivitieS (Co
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ANALYSIS OF SHAREHOLDINGS As at 21
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SUBSTANTIAl SHAREHOlDERS Based on R
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No. Name No. of Shares Held % 23 CH
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PROXY FORM I/We of being a Member o
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