FORGING AHEAD - Tradewinds Plantation Berhad

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106 FINANCIAL STATEMENTS STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 CASH FLOWS FROM OPERATING ACTIVITIES TRADEWINDS PLANTATION BERHAD Annual Report 2010 Group Company 2010 2009 2010 2009 (Restated) Note RM’000 RM’000 RM’000 RM’000 Profit before tax 282,408 78,347 36,778 40,626 Adjustments for: Impairment loss on: - Investment in a subsidiary - - - 100 - Other receivables - 90 - - Reversal of impairment loss on other investments - (181) - - Depreciation of property, plant and equipment 7 101,974 94,060 1,224 1,248 Dividend income from subsidiaries - - (52,172) (46,088) Gain on liquidation of an associate - (1,183) - - Gain on disposal of property, plant and equipment (822) (136) (173) - Gain on disposal of non-current assets held for sale (716) (648) - - Finance costs 27,106 30,573 32,203 29,796 Finance income (598) (441) (30,852) (29,891) Loss on disposal of property, plant and equipment - 2 - - Property, plant and equipment written off 875 177 806 - Excess of fair value of net assets acquired over purchase consideration 34 - (1,519) - - Share of result of a jointly controlled entity (1,266) 5,879 - - Operating profit/(loss) before working capital changes 408,961 205,020 (12,186) (4,209) Decrease in inventories 17,340 14,212 - - Increase in trade and other receivables (16,219) (35,721) (431) (285) Increase/(Decrease) in trade and other payables 5,249 (13,369) 4,768 (847) Cash generated from/(used in) operations 415,331 170,142 (7,849) (5,341) Tax refunded 3,488 2,602 3,004 - Tax paid (48,425) (26,400) (265) (437) Net cash from/(used in) operating activities 370,394 146,344 (5,110) (5,778) The accompanying notes form an integral part of the financial statements.
CASH FLOWS FROM INVESTING ACTIVITIES Group Company 2010 2009 2010 2009 (Restated) Note RM’000 RM’000 RM’000 RM’000 Acquisition of subsidiaries, net of cash acquired 34 (3,200) (46,278) - (49,315) Advances to subsidiaries - - (72,765) (100,509) Decrease in deposits pledged to licensed banks 401 23 - - Proceeds from disposal of property, plant and equipment 2,286 267 442 - Purchase of property, plant and equipment 7 (194,421) (162,288) (2,553) (499) Finance income received 598 441 30,852 29,891 Distribution arising from liquidation of an associate - 45 - - Proceeds from disposal of non-current assets held for sale 17 1,500 990 - - Subscription of redeemable convertible preference shares in a jointly controlled entity - (5,000) - (5,000) Dividend received from subsidiaries - - 45,926 45,508 Net cash (used in)/from investing activities (192,836) (211,800) 1,902 (79,924) The accompanying notes form an integral part of the financial statements. FINANCIAL STATEMENTS TRADEWINDS PLANTATION BERHAD Annual Report 2010 107
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Level 9, Menara HLA No. 3, Jalan Ki
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CORPORATE GOVERNANCE 56 Statement o
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4 STATUTORY REPORTING NOTICE OF ANN
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NOTICE OF ANNUAL GENERAL MEETING AN
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8 STATUTORY REPORTING STATEMENT ACC
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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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16 CORPORATE INFORMATION FINANCIAL
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18 CORPORATE INFORMATION CORPORATE
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20 CORPORATE INFORMATION BOARD OF D
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26 CORPORATE INFORMATION TRADEWINDS
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28 CORPORATE INFORMATION MANAGEMENT
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30 CORPORATE INFORMATION GROUP CORP
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STRATEGIC DIVERSIFICATIONS Through
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36 PERFORMANCE REVIEW CHAIRMAN’S
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44 PERFORMANCE REVIEW BuSINESS REvI
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BuSINESS REvIEW By CHIEF EXECuTIvE
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STRATEGIC EXPERTISE As our sights a
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Page 64 and 65: DIRECTORS’ REMUNERATION The remun
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Page 78: STRATEGIC INNOVATIONS We are commit
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Page 103 and 104: LIABILITIES Non-current liabilities
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Page 111 and 112: NOTES TO THE FINANCIAL STATEMENTS 3
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7. PROPERTY, PLANT AND EQUIPMENT (c
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9. INVESTMENTS IN SUBSIDIARIES (con
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11. INVESTMENT IN A JOINTLY CONTROL
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13. GOODWILL ON CONSOLIDATION At co
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15. TRADE AND OTHER RECEIVABLES FIN
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15. TRADE AND OTHER RECEIVABLES (co
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17. NON-CURRENT ASSETS HELD FOR SAL
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19. RESERVES (continued) (c) Supple
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21. BORROWINGS Current liabilities
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24. IRREDEEMABLE CONVERTIBLE UNSECU
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25. ISLAMIC DEBT SECURITIES - SECUR
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26. DEFERRED TAX (continued) Recogn
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27. TRADE AND OTHER PAYABLES Trade
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28. REVENUE Group Company 2010 2009
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30. PROFIT BEFORE TAX (continued) A
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32. EARNINGS PER ORDINARY SHARE ATT
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34. ACQUISITION OF SUBSIDIARIES 201
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34. ACQUISITION OF SUBSIDIARIES (co
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35. OPERATING SEGMENTS (continued)
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35. OPERATING SEGMENTS (continued)
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36. FINANCIAL INSTRUMENTS (continue
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36. FINANCIAL INSTRUMENTS (continue
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37. FINANCIAL RISk MANAGEMENT OBJEC
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38. RELATED PARTY DISCLOSURES (cont
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38. RELATED PARTY DISCLOSURES (cont
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42. SIGNIFICANT EVENTS SUBSEQUENT T
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44. OPENING STATEMENT OF FINANCIAL
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PLANTATION REvIEW OIL PALM 2010 200
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mATERIAL PROPERTIES Of TRADEWINDS P
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Company/ Location/Address HS(D) 389
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Company/ Location/Address Country L
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Company/ Location/Address Lot No. 0
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ANALySIS Of SHAREHOLDINgS AS AT 25
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LIST OF THIRTY (30) LARGEST SHAREHO
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ANALySIS Of IRREDEEmABLE cONvERTIBL
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SUBSTANTIAL ICULS HOLDER Name Direc
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SOUTHERN PENINSULAR REGION Regional
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MIRI REGION Regional Office c/o Lad
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Proxy Form I / We _________________
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FORGING AHEAD - Tradewinds Plantation Berhad

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