Annual Report 2011 (Part I) - Wawasan TKH Holdings Berhad

More documents

Recommendations

Info

WAWASAN TKH HOLDINGS BERHAD (540218-A) • ANNUAL REPORT 2011 035 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2011 CASH FLOWS FROM OPERATING ACTIVITIES Group Company 2011 2010 2011 2010 Note RM RM RM RM (Restated) (Loss)/Profit before tax (15,176,565) (17,554,054) (5,345,421) 174,699 Adjustments for: Depreciation of property, plant and equipment 7 8,897,937 9,119,122 - - Dividend income 18 - - - (4,000,000) Fair value adjustments on derivative instruments 12 74,358 (41,972) - - Gain on disposal of property, plant and equipment (2,471,946) (141,550) - - Impairment losses on: - investments in subsidiaries 9 - - 1,500,000 - - other receivables 5,728 - - - - property, plant and equipment 7 2,000,000 188,870 - - - trade receivables 11 87,810 164,396 - - Interest expense 19 5,516,487 6,030,081 2,675,554 3,087,996 Interest income (17,016) (13,145) (311,523) (546,200) Inventories written down 10 407,912 128,256 - - Inventories written off 10 1,400,000 1,370,856 - - Property, plant and equipment written off 7 2,007 - - - Reversal of impairment loss on trade receivables 11 (17,643) (25,250) - - Unrealised foreign exchange gain (102,207) (112,549) - - Operating profit/(loss) before changes in working capital 606,862 (886,939) (1,481,390) (1,283,505) Increase in inventories (2,956,267) (2,401,251) - - (Increase)/Decrease in trade and other receivables (2,223,615) 1,317,307 103,000 413,000 Increase/(Decrease) in trade and other payables 3,825,158 3,194,642 (1,303,237) (69,779) Cash (used in)/generated from operations (747,862) 1,223,759 (2,681,627) (940,284) Interest paid (371,380) (263,643) - - Tax paid (7,643) (8,500) - - Tax refunded 311,547 1,065,888 311,547 - Net cash (used in)/from operating activities (815,338) 2,017,504 (2,370,080) (940,284) The accompanying notes form an integral part of the financial statements.
036 WAWASAN TKH HOLDINGS BERHAD (540218-A) • ANNUAL REPORT 2011 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2011 (cont’d) CASH FLOWS FROM INVESTING ACTIVITIES Group Company 2011 2010 2011 2010 Note RM RM RM RM (Restated) Acquisition of trademark 8 - (17,919) - - Advances from a related party 24 3,670,010 9,900,000 3,670,010 9,900,000 Advances to subsidiaries 24 - - (1,303,616) (11,972,438) Dividend received - - - 3,000,000 Interest received 17,016 13,145 - - Proceeds from disposal of property, plant and equipment 9,983,990 481,970 - - Purchase of property, plant and equipment 7 (2,492,447) (3,427,396) - - Rentals paid in advance (1,000,000) (705,375) - - Net cash from investing activities 10,178,569 6,244,425 2,366,394 927,562 CASH FLOWS FROM FINANCING ACTIVITIES Increase in deposits pledged with licensed banks (15,475) (12,193) - - Interest paid (2,632,298) (2,935,747) - - (Repayments of)/Drawdown of: - bankers’ acceptances 388,000 835,000 - - - bank loans (3,803,030) (3,837,963) - - - hire purchase (2,933,096) (2,832,933) - - Net cash used in financing activities (8,995,899) (8,783,836) - - Net increase/(decrease) in cash and cash equivalents 367,332 (521,907) (3,686) (12,722) Effects of exchange rate changes on cash and cash equivalents 70,259 (2,060) - - Cash and cash equivalents at beginning of financial year (2,318,502) (1,794,535) 13,590 26,312 Cash and cash equivalents at end of financial year 13 (1,880,911) (2,318,502) 9,904 13,590 The accompanying notes form an integral part of the financial statements.
Page 1 and 2: WAWASAN TKH HOLDINGS BERHAD (540218
Page 3 and 4: 002 CORPORATE INFORMATION BOARD OF
Page 5 and 6: 004 CHAIRMAN’S STATEMENT (cont’
Page 7 and 8: 006 FIVE-YEAR FINANCIAL HIGHLIGHTS
Page 9 and 10: 008 DIRECTORS’ PROFILE (cont’d)
Page 11 and 12: 010 CORPORATE STRUCTURE WAWASAN TKH
Page 13 and 14: 012 STATEMENT ON CORPORATE GOVERNAN
Page 15 and 16: 014 STATEMENT ON CORPORATE GOVERNAN
Page 17 and 18: 016 STATEMENT ON INTERNAL CONTROL (
Page 19 and 20: 018 AUDIT COMMITTEE REPORT (cont’
Page 21 and 22: 020 WAWASAN TKH HOLDINGS BERHAD (54
Page 35: 034 WAWASAN TKH HOLDINGS BERHAD (54

Annual Report 2011 (Part I) - Wawasan TKH Holdings Berhad

Create successful ePaper yourself

Delete template?

Save as template?