Sasbadi Annual Report 2017

69 ANNUAL REPORT 2017 Group Company 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before tax 11,451 22,230 2,578 9,525 Adjustments for: Amortisation of intangible assets 2,064 1,573 - - Depreciation on property, plant and equipment 2,487 2,513 - - Property, plant and equipment written off 16 - - - Depreciation of investment properties 53 3 - - Dividend income (10) - (3,480) (10,680) Finance costs 1,856 1,047 - - Finance income (148) (426) (49) (205) Bargain purchase gain - (4,315) - - Gain on disposal of property, plant and equipment (298) (294) - - Reversal of impairment loss on trade receivables (62) (27) - - Reversal of inventories write-down, net (853) (1,356) - - Impairment loss on trade receivables 1,149 - - - Provision/(Reversal) of sales returns, net 141 (137) - - Operating profit/(loss) before changes in working capital 17,846 20,811 (951) (1,360) Changes in inventories (16,441) (6,270) - - Changes in trade and other receivables and prepayments (3,849) (5,849) 8,817 (22,979) Changes in trade and other payables (2,095) 76 52 (504) Cash (used in)/generated from operations (4,539) 8,768 7,918 (24,843) Dividend received - - 3,000 10,680 Interest paid (1,218) (800) - - Interest received 148 426 49 205 Tax paid (6,453) (6,870) (33) (125) Tax refunded 590 150 - - Net cash (used in)/generated from operating activities (11,472) 1,674 10,934 (14,083) STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2017