continued - The Lion Group

CASH FLOW STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2010
CASH FLOWS FROM
OPERATING ACTIVITIES
Group Company
2010 2009 2010 2009
Note RM’000 RM’000 RM’000 RM’000
Loss before taxation (144,654) (1,256,167) (50,610) (107,138)
Adjustments for non-cash items,
interests and dividends 41(a) 537,160 989,534 47,230 100,676
Operating profit/(loss) before
working capital changes 392,506 (266,633) (3,380) (6,462)
Changes in working capital:
Inventories (731,555) 691,986 – –
Receivables 35,748 193,914 13 57
Payables 420,314 (420,614) 5,819 2,470
Property development costs 23,823 4,452 – –
Cash generated from/(used in)
operations 140,836 203,105 2,452 (3,935)
Tax (paid)/refunded (12,366) (3,350) – 252
Retirement benefit paid (122) (57) – –
Net cash inflow/(outflow) from
operating activities 128,348 199,698 2,452 (3,683)
CASH FLOWS FROM
INVESTING ACTIVITIES
Purchase of property, plant
and equipment 41(b) (19,425) (101,160) – –
Purchase of additional interest
in subsidiaries – (3,413) – –
Proceeds from disposal/
redemption of:
- assets held for sale – 30,624 – –
- prepaid land lease
payments 690 – – –
- property, plant and
equipment 265 17,536 – –
- investments 8,596 580 5,061 566
Proceeds from partial disposal
of share in a subsidiary – 50,000 – –
Proceeds from dilution of
an associate 131,368 – – –
Fixed deposits pledged (51) (1,317) – –
Dividend received 47,673 5,268 1,408 1,526
Repayment from subsidiaries – – 26,955 45,368
Net cash inflow on acquisition
of property development
project – 39,024 – –
Interest received 4,039 1,763 85 84
Net cash inflow from
investing activities 173,155 38,905 33,509 47,544
40