2012 Annual Report - Media Prima Berhad
2012 Annual Report - Media Prima Berhad
2012 Annual Report - Media Prima Berhad
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37 SIGNIFICANT ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES (CONTINUED)<br />
B. DISPOSAL (CONTINUED)<br />
Current financial year<br />
(iii) Gama <strong>Media</strong> International (BVI) Ltd (“GMI”)<br />
Gama <strong>Media</strong> International (BVI) Ltd (“GMI”), a wholly-owned subsidiary was dissolved on 14 December<br />
<strong>2012</strong>.<br />
The liquidation of GMI did not have any material effect on the earnings or net of the MPB Group for the<br />
financial year ended 31 December <strong>2012</strong>.<br />
38 CASH FLOWS GENERATED FROM OPERATIONS<br />
Group<br />
RADIO OUTDOOR<br />
NETWORKS<br />
Company<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Restated<br />
RM’000 RM’000 RM’000 RM’000<br />
Net profit for the financial year from:<br />
Continuing operations 210,978 206,326 76,746 234,484<br />
Subsidiary held for sale 334 2,252 – –<br />
211,312 208,578 76,746 234,484<br />
Adjustments for:<br />
Programmes, film rights and album production cost<br />
– Amortisation 185,465 179,183 – –<br />
– Write off 740 5,696 – –<br />
Prepaid expenditure written off – 27 – –<br />
Property, plant and equipment<br />
– Depreciation 96,837 91,389 222 1,205<br />
– Net (gain)/loss on disposals (742) 1,786 – –<br />
– Write off 1,081 773 – –<br />
– Charges for impairment losses – 2,168 – –<br />
Investment properties<br />
– Depreciation 1,727 1,763 – –<br />
– Gain on disposal (1,500) (61) – –<br />
Amortisation of acquired rights 3,809 4,272 – –<br />
Interest expenses 27,451 32,085 24,087 29,342<br />
Fair value gain on financial assets<br />
at fair value through profit or loss – (65) – –<br />
Net unrealised exchange (gain)/loss (43) 48 – –<br />
Gain on disposal of investment (145) – – –<br />
Share of results of an associate (7,926) (3,107) – –<br />
Dividend income (61) (80) (159,574) (324,870)<br />
Interest income (9,141) (8,538) (5,002) (4,682)<br />
Taxation 71,967 71,416 31,555 45,288<br />
Impairment losses on trade and other receivables 769 10,363 – –<br />
Gain on disposal of subsidiary held for sale (334) (724) – –<br />
TELEVISION<br />
NETWORKS<br />
581,266 596,972 (31,966) (19,233) 229<br />
annual<br />
report<br />
<strong>2012</strong><br />
PRINT<br />
CONTENT<br />
CREATION<br />
NEW MEDIA<br />
From Our Perspective Who We Are Our Strategy & Achievements Our Performance Our Responsibility Our Leadership Corporate Governance The Financials Additional Information
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