Wah Seong Corporation Berhad Annual Report 2017

FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 83 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 Note Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) Net impairment on trade and other receivables 767 8,297 - - Provision for warranties 3,668 2,621 - - Provision for warranties written back (5,747) (6,633) - - Net unrealised loss/(gain) on foreign exchange 4,356 (37,902) (4,276) (26,270) Dividend income - - (10,863) (17,404) Interest income from loans and receivables (7,660) (8,956) (11,319) (7,953) Interest expense 41,897 29,907 7,427 3,575 Fair value loss/(gain) on derivative financial instruments 32 487 (995) - - 288,852 36,848 (7,874) (31,446) Changes in working capital: Inventories (49,553) 16,463 - - Receivables (70,160) 216,129 (50,065) (194) Payables 221,818 (100,170) (68) (1,336) Cash generated from/(used in) operations 390,957 169,270 (58,007) (32,976) Interest received 7,660 8,956 11,319 7,953 Interest paid (41,897) (29,907) (7,427) (3,575) Tax paid (19,199) (16,901) (1,757) (1,569) Net cash generated from/(used in) operating activities 337,521 131,418 (55,872) (30,167)