Annual Report - Bina Puri

Cash Flow StatementsFor the year ended 31 December 2007GroupCompany2007 2006 2007 2006RM'000 RM'000 RM'000 RM'000CASH FLOWS FROM OPERATING ACTIVITIESProfit before tax 8,528 6,409 10,037 18,158Adjustments for:Allowance for diminution in value of other investments 35 166 – –Amortisation of government grant (11) (7) – –Amortisation of prepaid lease payment 110 109 8 8Depreciation of property, plant and equipment 7,615 8,538 760 746Property, plant and equipment written off 30 37 – –Gain on disposal of property, plant and equipment (1,154) (1,813) (6) (13)Gain on disposal of investment properties (5) – – –Gain on partial disposal of investment in subsidiary (50) – (50) –Gain on disposal of investment in associate – (250) – –Gain on disposal of other investments (16) – – –Loss on disposal of expressway development project 1,700 – 1,700 –Share of results of- associates (2,118) 266 – –- jointly controlled entity (857) – – –Allowance for doubtful debts 69 701 – –Allowance for doubtful debts written back (36) (1,134) (25) (204)Bad debts written off – 67 – –Unrealised loss/(gain) on foreign exchange 40 (15) 20 –Dividend income (4) (1) (296) (150)Interest income (1,444) (339) (31) (766)Interest expenses 11,095 7,719 1,392 956Hire purchase term charges 423 353 13 10Operating profit before working capital changes 23,950 20,806 13,522 18,745Changes in inventories 2,045 (297) – –Changes in property development costs 2,151 (5,320) 2,044 1,255Changes in receivables 124,232 (110,919) (7,719) (16,332)Changes in payables 46,057 (5,617) 1,882 2,528Cash generated from/(utilised in) operations 198,435 (101,347) 9,729 6,196Expressway development expenditure (1,213) (1,294) (505) (409)Interest paid (11,095) (7,719) (1,392) (956)Tax paid (474) (5,966) – (899)Tax refund – – 2,723 –Net cash from/(used in) operating activities 185,653 (116,326) 10,555 3,932BINA PURI HOLDINGS BHDAnnual Report 200745