Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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CASH FLOWS FROM OPERATING ACTIVITIES GROUP COMPANY 2003 2002 2003 2002 NOTE RM RM RM RM Profit/(Loss) Before Taxation 249,765 2,976,783 (1,116,824) (273,815) Adjustments for:- CASH FLOW STATEMENTS for the year ended 30 November, 2003 Amortisation of goodwill on consolidation 5,416 21,715 - - Amortisation of reserve on consolidation (61,382) (45,822) - - Bad debts written off 101,074 397,387 - - Depreciation of property, plant and equipment 1,143,186 1,216,871 135,500 123,482 Dividend revenue (6,646) (7,469) - - Allowance/(Write back) for diminution in value of:- - quoted shares (498) 20,721 - - - short term investments 42,212 - - - Loss on dilution of equity interest in subsidiary company - 15,821 - - Property, plant and equipment written off 3,846 1,282 739 - Provision of warranty cost 402,483 - - - Allowance for doubtful debts 44,663 - - - Gain on disposal of property, plant and equipment (366,963) (338,207) - - Gain on disposal of quoted investment (202,600) (99,768) - - Gain on disposal of subsidiary company - (34,651) - - Gain on disposal of associated company (486,368) - - - Interest expenses 960,483 1,041,921 14,937 13,200 Interest revenue (169,441) (168,593) (2,599) (3,624) Unrealised gain on foreign exchange - (3,201) - - Waiver of debts - 9,246 - 13,189 Allowance for doubtful debts no longer required - (429,112) - - (Reversal of allowance)/ Allowance for obsolete inventories (24,058) 9,863 - - Obsolete inventories written off - 101,506 - - Share of results of associated companies (1,150,041) (2,195,975) - - Inventories written down 36,770 - - - Operating Profit/(Loss) Before Working Capital Changes 521,901 2,490,318 (968,247) (127,568) Decrease/(Increase) in inventories 1,246,650 (455,421) - - Increase in trade and other receivables (4,047,002) (1,272,235) (31,703) (876) Increase/(Decrease) in trade and other payables 4,569,096 547,033 43,311 (199,805) Cash Generated From/(Used In) Operations 2,290,645 1,309,695 (956,639) (328,249) Interest paid (960,483) (1,041,921) (14,937) (13,200) Interest received 169,441 168,593 2,599 3,624 Income tax refunded 392,000 730,045 - - Income tax paid (1,089,521) (1,333,989) (400,319) (280,625) Net Cash Generated From/ (Used In) Operating Activities Carried Down 802,082 (167,577) (1,369,296) (618,450) Amtel Holdings Berhad 2003 annual report 35
36 CASH FLOW STATEMENTS (Cont’d) GROUP COMPANY 2003 2002 2003 2002 NOTE RM RM RM RM Net Cash Generated From/(Used In) Operating Activities Brought Down 802,082 (167,577) (1,369,296) (618,450) CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of additional shares in subsidiary companies - (54) - - Acquisition of a subsidiary company - - - (2) Compensation recovered pursuant to profit guarantee - 666,407 - 666,407 Disposal of a subsidiary company, net of cash disposed of 30 - 5,374 - - Dividend received 6,646 7,469 - - Dividend received out of pre-acquisition profit of a subsidiary company - - 1,312,453 42,247 Proceeds from disposal of property, plant and equipment 396,485 491,112 93,000 - Proceeds from disposal of quoted investments 6,426,892 457,790 - - Proceeds from disposal of other investment - 700,000 206,140 - Purchase of property, plant and equipment 31 (1,012,074) (3,225,353) (222,810) (15,279) Purchase of quoted investments (6,447,340) (1,764,495) - (216,140) Repayments from subsidiary companies - - 12,273 1,517,031 Net Cash (Used In)/Generated From Investing Activities (629,391) (2,661,750) 1,401,056 1,994,264 CASH FLOWS FROM FINANCING ACTIVITIES Bonus issue expenses - (120,830) - (120,830) Repayments to subsidiary companies - - (86,542) (3,888,613) Advances from/(Repayments to) associated company 1,255,688 1,282,901 4,778 (3,099) Net (repayment of)/proceeds from bills payable (1,830,379) 916,444 - - Net repayment of revolving credits (990,000) (1,900,000) - - Payment to hire purchase payables (514,351) (419,628) (49,859) (73,344) Proceeds from term loans 2,622,091 - - - Payments received from long term receivable 665,000 450,999 - - Net Cash Generated From/(Used In) Financing Activities 1,208,049 209,886 (131,623) (4,085,886) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 1,380,740 (2,619,441) (99,863) (2,710,072) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 6,291,124 8,910,565 162,594 2,872,666 CASH AND CASH EQUIVALENTS AT END OF THE YEAR 32 7,671,864 6,291,124 62,731 162,594 The annexed notes form an integral part of, and should be read in conjunction with, these financial statements. Amtel Holdings Berhad 2003 annual report
Page 1 and 2: 2003 Annual Report Amtel Holdings B
Page 3 and 4: 2 Notice of the Seventh Annual Gene
Page 5 and 6: 4 Statement Accompanying Notice of
Page 7 and 8: 6 Profile of Directors Amtel Holdin
Page 9 and 10: 8 Amtel Holdings Berhad 2003 annual
Page 11 and 12: 10 Amtel Holdings Berhad 2003 annua
Page 17 and 18: 16 Chairman’s Statement It gives
Page 23 and 24: 22 Statement of Internal Control Am
Page 27 and 28: 26 DIRECTORS’ REPORT The Director
Page 29 and 30: 28 DIRECTORS OF THE COMPANY (CONT
Page 31 and 32: 30 REPORT OF THE AUDITORS to the me
Page 33 and 34: 32 BALANCE SHEETS (Cont’d) GROUP
Page 35: 34 STATEMENTS OF CHANGES IN EQUITY
Page 39 and 40: 38 NOTES TO THE FINANCIAL STATEMENT
Page 75 and 76: 74 LIST OF PROPERTIES (Cont’d) Ap
Page 77 and 78: 76 LIST OF PROPERTIES (Cont’d) Ap
Page 79 and 80: 78 ANALYSIS OF SHAREHOLDINGS as at
Page 81 and 82: 80 ANALYSIS OF SHAREHOLDINGS (Cont
Page 83 and 84: Then fold here First fold here Amte

Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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