MITRA-AnnualReport2011 (1.2MB).pdf - Announcements - Bursa ...

Statements of Cash Flows
For The Financial Year Ended 31st December 2011
CASH flowS fRoM opERATING ACTIvITIES:
The accompanying notes form an integral part of these financial statements.
Group Company
2011 2010 2011 2010
RM RM RM RM
Profit before taxation 56,751,985 76,711,264 29,752,187 9,648,011
Adjustments for:
Depreciation of:
- property, plant and equipment 5,948,554 6,062,250 - -
- investment properties (Note 6) 360,181 1,274,851 - -
Dividend income - - (30,200,000) (8,687,500)
Gain on disposal of:
- property, plant and equipment (460,793) (231,032) - -
- investment property (90,000) - - -
Impairment losses on:
- investment properties 2,082,172 - - -
- trade receivable - 13,264 - -
Interest expense 2,431,247 1,905,377 3,740 44,035
Interest income (211,828) (59,876) (335,878) (1,315,128)
Property, plant and equipment written off 749,776 188,804 - -
Reversal of impairment loss on trade receivable (1,000) - - -
Share of loss in an associate 9,918 - - -
Unrealised loss/(gain) from foreign exchange 560,904 (47,065) - -
68,131,116 85,817,837 (779,951) (310,582)
Changes in working capital:
Advances (from)/to subsidiaries - - (22,367,225) 9,229,554
Amount due from/to customers on contract work (6,779,443) (527,914) - -
Inventories 10,154,810 5,145,090 - -
Property development costs (7,858,306) (1,821,038) - -
Trade and other receivables 12,491,046 (34,392,522) 2,058 (239)
Trade and other payables (8,186,063) 10,150,980 (22,048) (15,533)
67,953,160 64,372,433 (23,167,166) 8,903,200
Tax paid (17,977,912) (24,875,329) (285,272) (202,949)
Net Operating Cash Flows 49,975,248 39,497,104 (23,452,438) 8,700,251
36 MITRAJAYA HOLDINGS BERHAD ANNUAL REPORT 2011