CONSOLIDATED STATEMENT OF
CASH FLOWS
Financial period from April 1, 2015 to December 31, 2015
52
CITIC ENVIROTECH LTD.
Annual Report
2015
April 1,
2015 to
December
31,
2015
$’000
April 1,
2014 to
March 31,
2015
$’000
Operating activities
Profit before income tax
61,471
79,911
Adjustments for:
Gain on disposal of available-for-sale investment
–
(14,181)
Loss (Gain) on disposal of property, plant and equipment
122
(38)
Interest income
(5,276)
(1,251)
Interest expense
29,212
28,953
Share of loss of associates
3
–
Share of profit of joint venture
–
(1,283)
Depreciation and amortisation expenses
15,962
13,127
Share option expenses
6,930
7,109
Exchange differences arising on foreign currency translation
1,029
30,164
Operating cash flows before movements in working capital
109,453 142,511
Trade receivables
11,231
(92,795)
Other receivables and prepayments
(92,713)
23,230
Inventories
2,671
(659)
Trade payables
26,356
8,101
Other payables
(32,940)
(22,332)
Cash generated from operations
24,058
58,056
Interest received
4,691
1,251
Interest paid
(18,208)
(23,764)
Income tax paid
(8,284)
(4,284)
Net cash from operating activities
2,257
31,259
