Ecowise Annual Report 2007 - ecoWise Holdings Limited

Consolidated CashFlow StatementYear Ended 31 October 20072007 2006$’000 $’000Cash Flows From Operating ActivitiesProfit before Tax 6,076 4,598Depreciation of Property, Plant and Equipment 1,237 956Interest Income (61) (4)Interest Expense 146 133Amortisation Of Intangible Assets – 175Impairment Loss on Plant and Equipment 35 650(Gain) / Loss On Disposal Of Plant and Equipment (1) 8Amortisation of employee share option expenses 28 7Share-based compensation expenses 784 –Operating Cash Flows before Changes in Working Capital 8,244 6,523Inventories (284) (215)Trade and Other Receivables, Current (1,525) (2,896)Trade and Other Payables, Current (237) 1,782Net Cash Flows From Operations Before Interest And Tax 6,198 5,194Income Tax Paid (780) (92)Net Cash Flows From Operating Activities 5,418 5,102Cash Flows From Investing ActivitiesDisposal Of Plant and Equipment 31 41Purchase Of Plant and Equipment (Note 20) (925) (982)Acquisition Of Subsidiary (Net of Cash Acquired) (Note 16) – 214Acquisition Of Subsidiary From Minority Interest (280) –Disposal Of Subsidiary (Net of Cash Disposed) (Note 17) 580 –Cash Restricted In Use (10) 50Interest Received 61 4Net Cash Flows Used In Investing Activities (543) (673)Cash Flows From Financing ActivitiesDividends Paid To Equity Shareholders (833) –Dividends Paid To Minorities (386) (100)Issue Of Shares 140 –Increase In Minority Interests – 500Other Financial Liabilities, Non-Current (492) (492)Finance Lease Repayments (434) (263)Interest Paid (142) (133)Net Cash Flows Used In Financing Activities (2,147) (488)Net Increase in Cash and Cash Equivalents 2,728 3,941Cash and Cash Equivalents, Cash Flow Statement, Beginning Balance 4,632 691Cash and Cash Equivalents, Cash Flow Statement, Ending Balance (Note 20) 7,360 4,632The accompanying notes form an integral part of these financial statements44 • ecoWise Holdings Limited • Annual Report 2007