LEEKEE INDUSTRIES (M) SDN - teo seng capital berhad

TEO SENG CAPITAL BERHAD(Incorporated In Malaysia)Company No : 732762 - TSTATEMENTS OF CASH FLOWSFOR THE FINANCIAL PERIOD FROM 1 APRIL 2012 TO 31 DECEMBER 2012GroupCompany9 Months 9 MonthsFinancial Financial Financial FinancialPeriod Ended Year Ended Period Ended Year Ended31 December 2012 31 March 2012 31 December 2012 31 March 2012RM RM RM RMCASH FLOWS FROM OPERATING ACTIVITIESProfit before tax 1,142,662 24,521,220 2,570,460 6,267,370Adjustments for :Allowance for slow moving inventories 15,476 - - -Allowance for impairment losses on 247,027 214,682 - -trade receivablesBad debts written off 11,204 - - -Depreciation - property, plant andequipment 7,728,047 9,043,282 58,844 80,801Depreciation - investment property 5,806 7,776 - -Dividend income (150) (280) (3,514,000) (8,322,500)Fair value gain on derivatives - (948) - -Gain on disposal of property, plant andequipment (133,275) (502,180) - -Goodwill on consolidation written off 288,215 627,279 - -Inventories written off 17,765 30,456 - -Property, plant and equipment written off 315,713 78,266 - -Reversal of allowance for slow movinginventories - (4,104) - -Reversal of allowance for impairment losseson trade receivables (421,490) (162,667) - -Unrealised loss/(gain) on foreign exchange 30,812 (57,014) - -Interest expenses 2,755,423 3,296,452 267,060 336,302Interest income (71,669) (142,450) (42,715) (63,814)OPERATING PROFIT/(LOSS) BEFOREWORKING CAPITAL CHANGES 11,931,566 36,949,770 (660,351) (1,701,841)Changes In Working CapitalInventories (6,805,218) (3,712,145) - (3,815,715)Trade and other receivables (2,178,307) (4,714,979) 360,296 -Trade and other payables 1,097,769 2,072,596 352,570 1,621,849CASH GENERATED FROM/(ABSORBED INTO)OPERATIONS 4,045,810 30,595,242 52,515 (3,895,707)Interest paid (2,755,423) (3,296,452) (267,060) (336,302)Interest received 71,669 142,450 42,715 63,814Tax paid (4,240,328) (7,285,629) (16,501) (256,433)NET CASH (USED IN)/FROM OPERATINGACTIVITIES (2,878,272) 20,155,611 (188,331) (4,424,628)CARRIED FORWARD (2,878,272) 20,155,611 (188,331) (4,424,628)The annexed notes form an integral part of these financial statements. Page 19