ENRICHING LIVES EXPANDING HORIZONS - Maxis

114
Financial Statements
STATEMENTS OF
CASH FLOWS
For the financial year ended 31 December 2011
Continued
GROUP
COMPANY
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
CASH FLOWS FROM OPERATING
ACTIVITIES (continued)
Payment under staff incentive scheme (44,206) (27,398) 0 0
Payments for site rectification and
decommissioning works (3,505) (1,865) 0 0
Payment for ESOS – Equivalent Cash
Consideration (5,064) (14,968) 0 0
Operating cash flows before working capital
changes 4,571,792 4,517,737 (23,590) (19,633)
Changes in working capital:
Inventories 82,345 (86,284) 0 0
Receivables (43,562) (255,298) 309 (1,039)
Payables (286,407) 608,791 32 (25,043)
Related parties balances (22,366) 19,964 0 (2)
Fellow subsidiaries balances (947) (50) 17 563
Immediate holding company balances 4,793 22,193 0 (30)
Cash flow from/(used in) operations 4,305,648 4,827,053 (23,232) (45,184)
Dividends received 0 0 2,360,000 3,015,000
Interest received 39,651 28,758 87,659 52,908
Tax paid (633,803) (765,255) (1,091) (1,400)
Net cash flow from operating activities 3,711,496 4,090,556 2,423,336 3,021,324
CASH FLOWS FROM INVESTING ACTIVITIES
Loans to subsidiaries 0 0 (472,200) (1,514,500)
Loans repayment from a subsidiary 0 0 634,200 0
Payments for handset subsidies (177,683) (75,146) 0 0
Purchase of property, plant and equipment (988,685) (1,381,060) 0 0
Purchase of available-for-sale investment (50) 0 0 0
Proceeds from disposal of property, plant
and equipment 492 991 0 0
Net cash flow (used in)/from investing activities (1,165,926) (1,455,215) 162,000 (1,514,500)
The notes on pages 116 to 196 form part of these financial statements.