2001 Annual Report - Kian Joo Can

C O N S O L I D ATED CASH FLOW STAT E M E N T
for the year ended 31 December 2001
2001 2000
NOTE RM'000 RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipt from customers 503,545 499,214
Payment to suppliers (275,722) (301,964)
Payment for operating expenses (131,663) (155,279)
Other receipts 6,276 1,814
Cash generated from operations 102,436 43,785
Interest paid (10,321) (8,601)
Income tax paid (15,780) (14,516)
Net cash generated from operating activities 76,335 20,668
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of additional interest of a subsidiary company (3,600) -
Acquisition of a subsidiary company net of cash acquired (a) - (11,944)
Dividend received from an associated company - 3,750
Purchase of property, plant and equipment (b) (22,343) (18,751)
Proceeds from disposal of property, plant and equipment 951 616
Proceeds from disposal of investment 150 150
Proceeds from disposal of an associated company 728 4,196
Interest received 2,366 1,870
Net cash used in investing activities (21,748) (20,113)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of bank borrowings (84,452) (51,531)
Payment to hire purchase creditor (9) (2)
Proceeds from term loan and bankers' acceptances 70,000 67,986
Dividends paid (11,572) (23,144)
Dividends paid to minority shareholders of a subsidiary company (3,359) (2,600)
Associated company (advances)/repayments (1,388) 1,510
Net cash used in financing activities (30,780) (7,781)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 23,807 (7,226)
CASH AND CASH EQUIVALENTS BROUGHT FORWARD 29,845 37,071
CASH AND CASH EQUIVALENTS CARRIED FORWARD (c) 53,652 29,845
34 . Annual Report / 2001
KIAN JOO CAN FACTORY BERHAD (3186-P)