Page 108 - S P Setia Annual Report 2016
P. 108

106   S P Setia Berhad Group
                Annual Report 2016


          Statements of Cash Flows



          For The Financial Year Ended 31 December 2016

                                                                        Group                      Company
                                                                   1.1.2016     1.11.2014      1.1.2016      1.11.2014
                                                                        to            to            to            to
                                                                 31.12.2016    31.12.2015    31.12.2016     31.12.2015
                                                                   RM’000         RM’000        RM’000        RM’000
          CASH FLOWS FROM OPERATING ACTIVITIES

          Profit before tax                                       1,184,669      1,426,441     682,869        505,889
          Adjustments for:
            Allowance for doubtful debts no longer required              -            (17)           -             -
            Bad and doubtful debts                                   4,075          7,220         3,672          794
            Depreciation of property, plant and equipment and
              investment properties                                 26,028        33,006            12            17
            Net gain on disposal of property, plant and equipment     (210)          (49)          (25)            (1)
            Gain on disposal of investment properties                 (229)            -             -             -
            Gain on liquidation/disposal of subsidiary companies     (1,123)        (636)            -             -
            Property, plant and equipment written off                   52           482            17             1
            Share of results of jointly controlled entities         (68,715)      109,530            -             -
            Share of results of associated companies                 (4,877)       (4,533)           -             -
            Interest income from financial assets measured at
              amortised cost                                          (266)            -         (5,583)        (5,471)
            Interest expense on financial liabilities measured at
              amortised cost                                         3,349          3,196            -             -
            Loss from fair value adjustment of financial assets      4,006             -         1,089          1,825
            Gain from fair value adjustment of financial liabilities     -             -         (2,793)           -
            Share-based payment                                     31,483        44,887           643           961
            Unrealised foreign exchange gain                        (32,625)       (3,718)      (31,789)       (1,558)
            Interest expense                                       116,939        107,096        72,760        59,337
            Dividend income                                              -             -       (622,767)     (420,468)
            Interest income                                        (118,985)     (133,309)     (108,628)      (149,576)
            Rental income                                           (57,660)      (19,363)           -             -
          Operating profit/(loss) before working capital changes  1,085,911     1,570,233       (10,523)       (8,250)
            Changes in property development costs                  562,324      1,046,449            -             -
            Changes in accrued billings/progress billings          (730,861)     (216,187)           -             -
            Changes in gross amount due from/to customers           19,058         2,568             -             -
            Changes in inventories                                 234,742        216,974            -             -
            Changes in receivables                                 (257,370)     (449,607)       3,408           382
            Changes in payables                                    151,065         51,936          693          2,082
          Cash generated from/(used in) operations                1,064,869     2,222,366        (6,422)       (5,786)
            Rental received                                          1,565         2,253             -             -
            Interest received                                       60,765        64,574           774            90
            Interest paid                                         (262,240)      (302,625)       (2,168)       (2,421)
            Net tax paid                                          (443,409)      (301,573)       (2,150)       (15,133)
          Net cash generated from/(used in) operating activities   421,550      1,684,995        (9,966)      (23,250)
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