Page 36 - ar2012.pdf

34 '"3 &"45 (3061 -*.*5&% t "//6"- 3&1035
(In Singapore dollars)
Group
Note 2012 2011
$ $
Cash flows from operating activities
Profit before tax 606,454 3,259,087
Adjustments:
Allowance for doubtful trade debts 597,374 15,724
Allowance for doubtful trade debts written back (8,223) (55,711)
Sundry debts written off – 20,512
Allowance for doubtful debts due from an affiliated company written back (37,479) (19,071)
Inventories provision/(write back), net 1,350,688 (315,344)
Fixed asset written off 4,805 24,377
(Gain)/Loss on disposal of fixed assets, net (3,607) 14,840
Depreciation of fixed assets 374,617 398,137
Net fair value loss on derivatives – 6,400
Warranty (write back)/expense (4,370) 340,717
Interest expense 138,196 241,872
Interest income (14,601) (11,609)
Translation difference (147,834) (102,629)
Operating profit before working capital changes 2,856,020 3,817,302
(Increase)/decrease in:
Inventories 801,621 (2,554,648)
Trade debtors 1,253,764 (1,551,646)
Other receivables 24,574 (333,348)
Deposits and prepayments (235,506) 796,103
Increase/(decrease) in:
Trade payables (235,726) 346,599
Gross amount due to customers for contract work-in-progress – (593,000)
Other creditors 65,551 (465,996)
Accruals and other liabilities (150,499) (283,242)
Due to affiliated companies, net 103,499 432,091
Cash generated from/(used in) operations 4,483,298 (389,785)
Interest paid (138,196) (241,872)
Income taxes paid (809,500) (1,059,704)
Income taxes refunded 167,011 12,594
Interest income 14,601 11,609
Net cash generated from/(used in) operating activities 3,717,214 (1,667,158)
Consolidated Cash Flow Statement
For the year ended 31 December 2012