Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
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80<br />
Annual report 2008<br />
CASH FLOW<br />
STATEMENT<br />
FOR THE YEAR ENDED 31 OCTOBER 2008<br />
Note 2008 2007<br />
RM’000<br />
RM’000<br />
CASH FLOWS FROM OPERATING ACTIVITIES<br />
Profit before taxation 15,771 996,242<br />
Adjustments for:<br />
Bad and doubtful debts – 1,654<br />
Depreciation<br />
– property, plant and equipment 103 155<br />
– investment properties 2 2<br />
Gain on disposal of property, plant and equipment (22) (166)<br />
Amortisation of prepaid lease payments 10 9<br />
Amortisation of bond discounts 10,948 –<br />
Impairment in value of investment properties 393 –<br />
Impairment in value of investment in subsidiary companies – 178<br />
Impairment in value of investment in a subsidiary company written back – (4,400)<br />
Allowance for doubtful debts no longer required (150) –<br />
Dividend income (31,757) (1,016,086)<br />
Interest income (37,191) (15,793)<br />
Interest expense 10,209 953<br />
Rental income (3) (11)<br />
Operating loss before working capital changes (31,687) (37,263)<br />
<strong>Change</strong>s in gross amount due from customers 5,269 3,169<br />
<strong>Change</strong>s in receivables 7,125 3,873<br />
<strong>Change</strong>s in payables 1,526 (11,768)<br />
Cash used in operations (17,767) (41,989)<br />
Rental received – 7<br />
Interest received 697 82<br />
Interest paid (60) (53)<br />
Tax paid (709) –<br />
Net cash used in operating activities (17,839) (41,953)<br />
CASH FLOWS FROM INVESTING ACTIVITIES<br />
Purchase of property, plant and equipment 42 (25) (199)<br />
Proceeds from disposal of property, plant and equipment 22 167<br />
Subscription for additional shares in an existing subsidiary company 44 (90) (548)<br />
Acquisition of new jointly controlled entities – (24,631)<br />
Acquisition of preference shares in existing jointly controlled entities (16,100) –<br />
Redemption of preference shares in an associated company – 93,750<br />
Advances to subsidiary companies (279,786) (553,730)<br />
Repayment from associated companies 8 28<br />
Repayment from/(Advances to) jointly controlled entities 4,573 (30,305)<br />
Dividends received 23,500 738,030<br />
Preference shares dividend received from an associated company 3,980 –<br />
Interest received 13,395 12,210<br />
Rental received 3 4<br />
Net cash (used in)/generated from investing activities (250,520) 234,776
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