Page 97 - S P Setia Annual Report 2013
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Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 95





StatementS OF

caSH FlOWS

FOR THE YEAR ENDED 31 OCTOBER 2013



Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000
caSH FlOWS FROm OPeRatinG actiVitieS
Proft before tax 570,343 567,505 309,507 224,891

Adjustments for:
Allowance for doubtful debts no longer required (69) (11) (8,013) -
Bad and doubtful debts 1,019 9 30 5,669
Development expenditure written off 303 - - -
Depreciation of property, plant and equipment
and investment properties 24,082 16,130 71 78
Gain on disposal of property, plant and equipment (704) (16) - (1)
Loss on disposal of unquoted investment 40 - - -
Loss on disposal of subsidiary companies 21 - - -
Loss on disposal of associated company 2 - - -
Property, plant and equipment written off 6,252 75 - -
Impairment of investment in an associated company - 400 - -
Amortisation of bond discounts - - 416 6,955
Loss/(Gain) retained in associated companies 162 (12) - -
Realisation of proft of jointly controlled entities (2,374) (2,533) - -
Gain on disposal of investment properties (9,192) (2,456) - (233)
Interest income from fnancial assets measured at amortised cost (685) (653) (5,273) (3,568)
Interest expense on fnancial liabilities measured at amortised cost 6,735 - - -
Impairment of investments in subsidiary companies - - - 19,828
Impairment loss of property, plant and equipment
and investment properties - 9,723 - -
Loss from fair value adjustment of fnancial assets - 24 18,331 3,346
Gain from fair value adjustment of fnancial liabilities (18,158) - (119) -
Share-based payment 23,529 - 9 -
Unrealised foreign exchange gain (1,113) (883) - -
Interest expense 50,352 15,023 40,053 13,654
Dividend income - - (253,368) (199,971)
Interest income (48,380) (36,680) (115,065) (85,572)
Rental income (8,611) (5,810) - -
Operating proft/(loss) before working capital changes 593,554 559,835 (13,421) (14,924)
Changes in property development costs 63,289 (114,856) - -
Changes in accrued billings/progress billings 420,409 268,020 - -
Changes in gross amount due from/to customers 13,366 (2,416) - -
Changes in inventories (444) 3,030 - -
Changes in receivables (289,448) (187,801) 3,535 (3,875)
Changes in payables 248,142 358,201 (17,427) 562
Cash generated from/(used in) operations 1,048,868 884,013 (27,313) (18,237)
Rental received 1,716 880 - -
Interest received 20,504 16,187 331 186
Interest paid (157,101) (79,592) (1,304) (631)
Net tax paid (244,388) (175,796) (16,715) (6,637)

Net cash generated from/(used in) operating activities 669,599 645,692 (45,001) (25,319)

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