ANNUAL REPORT 2007 รายงานประจำปี - IR Plus

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S.E.C. AUTO SALES AND SERVICES PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
CASH FLOW STATEMENTS
FOR THE YEARS ENDED ON DECEBER 31, 2007 AND 2006
(Unit : Baht)
Consolidated
Separate Financial Statement
2007 2006 2007 2006
(Restated)
Cash Flow From Operating Activities
Net profit 61,961,836.02 121,380,022.16 63,374,943.09 110,161,807.77
Adjustments to Reconcile Net Profit (loss) for Cash Received (Paid) from Operation
Allowance for Doubtful Debts - Accounts Receivable 270,672.96 738,887.33 29,025.78 507,922.80
Allowance for Doubtful Debts - Accrued Revenue 205,000.00 - 205,000.00 -
Allowance for Declining Value of Inventories 6,824,457.54 19,409,562.96 6,700,326.00 19,268,443.29
Provision for Financial support in Subsidiaries (Reverse) - - (9,202,216.23) 7,346,030.55
Allowance for Impairment iof Investment in Subsidiaries - - 22,331,629.42 -
Provision for After Sales Services and Warranty(Reverse) (823,781.44) 1,714,006.11 (1,345,368.97) 709,513.57
Depreciation of Fixed Assets 43,025,277.65 38,133,628.72 14,585,325.43 10,301,028.83
Amortization of Leasehold Rights 4,156,976.76 4,706,976.76 4,156,976.76 4,706,976.76
Amortization of Trade Mark 3,024,027.11 3,024,026.13 3,024,027.11 3,024,026.13
Amortization of Developed Software Systems 662,599.76 62,188.21 662,599.76 62,188.21
(Gain) Loss from Sales Assets (2,277.98) (495,348.17) (2,277.98) (495,348.17)
Loss form Write Off Fixed Assest 335,405.15 - - -
Unrealized (gain) Loss on Exchange Rate (2,289,777.99) (2,333,895.20) (2,289,777.98) (2,333,895.20)
Deferred Income (1,273,881.08) (1,334,816.99) (98,235.00) -
Provision for Warrantee Spare parts (789,404.66) - - -
Reversal Other Account Payable - (14,980,000.00) - (14,980,000.00)
Interest Income (7,041,426.95) (5,606,720.56) (9,923,166.25) (8,126,954.31)
Interest Expense 70,642,851.57 34,910,452.76 70,007,094.61 65,115,176.30
Corporate Income Tax 33,342,065.50 54,047,708.66 29,091,509.67 60,340,761.20
Profit (Loss) from Operating Activities before Change in Operating Assets and Liabilities 212,230,619.92 253,376,678.88 191,307,415.22 255,607,677.73
(Increase) Decrease in Accounts and Notes Receivable (46,551,848.04) 85,091,806.14 (27,772,916.45) 47,981,326.53
(Increase) Decrease in Accounts and Notes Receivable-Subsidiaries - - (54,217,440.20) 36,269,878.93
(Increase) Decrease in Inventories 51,914,239.31 (552,740,481.10) 90,913,668.97 (555,898,071.28)
(Increase) Decrease in Account Receivable-Revenue Department 12,518,616.85 (12,490,826.65) 12,698,968.75 (12,883,153.93)
(Increase) Decrease in Other Accounts Receivable (66,997,967.69) (24,310,618.35) (67,068,765.94) (24,331,612.50)
(Increase) Decrease in Other Current Assets 348,010.77 2,597,274.08 (1,930,217.83) (933,886.69)
(Increase) Decrease in Other Assets 11,657.58 (2,034,965.17) 104,122.77 (1,288,268.65)
Increase (Decrease) in Notes Payable 19,810,207.53 (54,489,440.51) 17,971,372.00 (58,385,036.10)
Increase (Decrease) in Accounts Payable 72,429,715.24 - 73,640,948.53 -
Increase (Decrease) in Accounts Payable-Subsidiaries - - (1,729,863.52) 1,800,000.00
Increase (Decrease) in Other Accounts Payable (7,829,373.57) (398,435.67) 14,734,224.10 (200,277.63)
Increase (Decrease) in Account Payable-Revenue Department (2,582,230.02) (29,067,707.96) - (29,585,477.20)
Increase (Decrease) in Deposit and Down Payment (3,392,046.85) (6,640,296.30) (8,237,033.21) 4,013,995.80
Increase (Decrease) in Others Current Liabilities 12,522,491.91 (4,164,719.16) 6,970,043.23 5,160,202.61
Increase (Decrease) in Other Liabilities-Deposit for goods - 4,672,897.20 - 4,672,897.20
Cash Paid to Corporate Income Tax (43,449,796.37) (39,393,061.89) (32,967,011.84) (58,948,301.97)
Net Cash Received (Used) from Operating Activities 210,982,296.57 (379,991,896.46) 214,417,514.58 (386,948,107.15)
Notes to financial statements form an integral part of these financial statements
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