Osim FR 050407.indd

Consolidated Cash Flow Statementfor the year ended 31 December 2006NoteGroup2006 2005$’000 $’000(Restated)Cash flows from operating activitiesProfi t before taxation 43,612 51,416Adjustments for:Share of losses/(profi ts) of associated companies and a joint venture 11,183 (11,268)Depreciation of fi xed assets 10 14,469 11,066Loss on disposal of fi xed assets 1,414 558Intangible assets written off 13 110 –Amortisation of intangible assets 13 1,587 1,184Impairment loss on goodwill 13 – 2,841Impairment loss on fi xed assets 10 90 100Negative goodwill on increase in shareholdings in a subsidiary 11di – (615)Losses on deemed changes in shareholdings in a subsidiary and a joint venture - net 11e, 12a 1,067 –Share-based compensation expense 5b (43) 99Financial income 33b (1,220) (1,758)Financial expenses 33a 7,091 3,879Operating profit before working capital changes 79,360 57,502(Increase)/decrease in:Stocks (19,517) (3,163)Trade debtors (3,362) (1,137)Other debtors, deposits and prepaid operating expenses (2,827) 5,735Due from affi liated companies (trade) 14,309 11,606Due from affi liated companies (non-trade) 396 (20)Due from associated companies (trade) 5,636 124Due from associated companies (non-trade) (247) (116)Due from joint venture (trade) 3,668 (4,539)(Decrease)/increase in:Trade creditors (1,157) 65Other creditors and accruals (3,728) 8,741Due to affi liated companies (trade) (9,593) 9,564Due to affi liated companies (non-trade) 1,201 (617)Due to associated companies (trade) 14,672 2,500Due to joint venture (trade) 7 –Provision for pension benefi ts (107) 23Bills payable to banks (16,634) 5,310Cash flows generated from operations 62,077 91,578Income tax paid (5,141) (5,715)Net cash flows generated from operating activities 56,936 85,863The accompanying accounting policies and explanatory notes form an integral part of the fi nancial statements.Consolidated Cash Flow Statement 80Annual Report 2006