2001 Annual Report - Kian Joo Can

CASH FLOW STAT E M E N T
for the year ended 31 December 2001
CASH FLOWS FROM OPERATING ACTIVITIES
2001 2000
NOTE RM'000 RM'000
Receipt from customers 107,849 116,970
Payment to suppliers (62,390) (72,664)
Payment for operating expenses (34,679) (31,082)
Other receipts 3,567 1,119
Cash generated from operations 14,347 14,343
Interest paid (3,430) (961)
Income tax paid (3,379) (6,118)
Net cash generated from operating activities 7,538 7,264
CASH FLOWS FROM INVESTING ACTIVITIES
Dividend received from subsidiary companies 24,906 23,985
Dividend received from an associated company - 3,750
Purchase of property, plant and equipment (a) (2,303) (2,846)
Proceeds from disposal of property, plant and equipment 57 233
Proceeds from disposal of investment 150 150
Proceeds from disposal of an associated company 728 4,196
Investment in subsidiary company (3,600) (12,342)
Interest received 1,306 980
Net cash generated from investing activities 21,244 18,106
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from term loan 70,000 50,000
Dividends paid (11,572) (23,144)
Associated company (advances)/repayments (1,326) 1,417
Inter-company repayments 17,402 25,386
Inter-company advances (86,598) (85,123)
Net cash used in financing activities (12,094) (31,464)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 16,688 (6,094)
CASH AND CASH EQUIVALENTS BROUGHT FORWARD 677 6,771
CASH AND CASH EQUIVALENTS CARRIED FORWARD (b) 17,365 677
NOTE
(a)
(b)
Purchase of property, plant and equipment during the year was fully paid for in cash.
Cash and cash equivalents comprise the following:-
2001 2000
RM'000
RM'000
Cash and bank balances 319 469
Deposits with licensed banks 17,986 1,000
Bank overdrafts (Note 13) (940) (792)
17,365 677
The annexed notes form an integral part of these financial statements.
36 . Annual Report / 2001
KIAN JOO CAN FACTORY BERHAD (3186-P)