notes to the financial statements - Food Empire Holdings Limited

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STATEMENTS OF CHANGES IN EQUITY (cont’d) For the year ended 31 December 2012 Company 2012 Share capital US$’000 Treasury shares US$’000 Foreign currency translation reserve US$’000 Sharebased payment reserve US$’000 Accumulated profits US$’000 Total equity US$’000 Balance as at 1 January 2012 39,751 – 3,869 825 5,291 49,736 Profit for the year – – – – 4,895 4,895 Other comprehensive income Foreign currency translation – – 365 – – 365 Total comprehensive income for the year – – 365 – 4,895 5,260 Issuance of new shares 693 – – – – 693 Exercise of share options 20 – – (20) – – Dividends paid to equity shareholders of the Company (Note 10) – – – – (4,504) (4,504) Purchase of treasury shares – (317) – – – (317) Value of employee services received for issue of – – – 331 – 331 share options Balance as at 31 December 2012 40,464 (317) 4,234 1,136 5,682 51,199 2011 Balance as at 1 January 2011 39,666 – 3,963 535 271 44,435 Profit for the year – – – – 9,551 9,551 Other comprehensive income Foreign currency translation – – (94) – – (94) Total comprehensive (loss)/income for the year – – (94) – 9,551 9,457 Issuance of new shares 76 – – – – 76 Exercise of share options 9 – – (9) – – Dividends paid to equity shareholders of the Company (Note 10) – – – – (4,531) (4,531) Value of employee services received for issue of share options – – – 299 – 299 Balance as at 31 December 2011 39,751 – 3,869 825 5,291 49,736 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 58
Food Empire Holdings Limited Annual Report 2012 CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 December 2012 2012 US$’000 2011 US$’000 Cash flows from operating activities Profit from operations before taxation 21,517 16,165 Adjustments for: Depreciation of property, plant and equipment 2,805 2,012 Depreciation of investment properties 41 41 Negative goodwill arising from acquisitions of subsidiaries (414) – (Gain)/loss on disposal of property, plant and equipment (19) 15 Write back of impairment loss of property, plant and equipment (134) – Gain on disposal of assets classified as held for sale – (357) Loss on disposal of investment in an associate – 342 Interest income (355) (269) Interest expenses 341 86 Impairment for doubtful receivables 349 286 Write down of inventories 38 437 Share of profit of associates (1,290) (277) Value of employee services received for issue of share options 331 299 Exchange realignment (261) (304) Operating profit before working capital changes 22,949 18,476 Decrease/(increase) in trade and other receivables 6,413 (12,373) (Increase)/decrease in inventories (2,203) 960 Decrease in trade and other payables (242) (1,212) Cash flows generated from operations 26,917 5,851 Income taxes paid (2,473) (427) Net cash flows generated from operating activities 24,444 5,424 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 59
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INVEST MONEY ASSET PRODUCTS WORK IT
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INTRODUCTION VOYAGE OF DISCOVERIES
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CORPORATE PROFILE EVERYTHING YOU NE
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notes to the financial statements - Food Empire Holdings Limited

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