Annual Report 2012 - IOI Group

STATEMENTS OFCASH FLOWSFor The Financial Year Ended 30 June 2012GroupCompanyNote 2012RM’0002011RM’0002012RM’0002011RM’000Cash Flows From Operating ActivitiesAdjustments for: (Continued)Gain on disposal of a subsidiary 37.2 – (4,602) – (4,602)Gain on disposal of product lines 18.1 – (18,124) – –Gain on conversion of 2 nd Exchangeable Bonds – (31,057) – (31,057)Impairment losses on amounts due fromsubsidiaries – – 7 19Fair value (gain)/loss on amounts due tosubsidiaries – – (33,373) 56,610Dividends income from associates – – (12,000) (9,000)Dividends income from subsidiaries – – (927,563) (1,653,944)Operating profit before working capital changes 2,644,580 2,657,797 171,181 238,788Decrease/(increase) in inventories 165,407 (969,291) 3,832 (2,525)Decrease/(increase) in trade receivables 107,907 (470,502) 116 1,322Increase in amounts due from customerson contracts (329) (677) – –(Decrease)/increase in trade payables (7,300) 153,580 1,574 3,160(Increase)/decrease in other receivables,deposits and prepayments (18,014) 26,492 (4,893) (7,846)Decrease in other payables and accruals (36,301) (1,721) (13,312) (22,180)(Increase)/decrease in property development costs (69,550) 113,050 – –Cash generated from operations 2,786,400 1,508,728 158,498 210,719Retirement benefits paid 35.1 (973) (1,610) (101) (81)Club membership deposits refunded (85) (118) – –Retirement benefits contributed 35.1 (24,908) (28,711) – –Tax paid (656,310) (581,576) (57,250) (47,156)Tax refunded 27,479 12,993 14,237 10,000Net cash from operating activities 2,131,603 909,706 115,384 173,482The notes on pages 123 to 268 form an integral part of the financial statements.120IOI CORPORATION BERHADAnnual Report 2012