TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
44
Consolidated cash flow statement
For the year ended 31 March 2016
2016
2015
$
$
Operating activities
Profit/(loss) before tax
299,606 (1,009,249)
Adjustment for:
Allowance for doubtful debts due from a former subsidiary (Note 16(C))
–
2,469,028
Trade bad debts written off
–
4,616
Allowance for doubtful debts
110,486
–
Share of profit of joint venture
(286,044)
(655,861)
Share of profits of associates
(334)
(67,552)
Depreciation of property, plant and equipment
4,388,154 5,028,468
Interest income
(46,887)
(176,831)
Interest expense
246,784
256,657
Dividend income from an available-for-sale investment
(69,230)
(63,338)
Gain on disposal of property, plant and equipment
–
(101,717)
Write-off of property, plant and equipment
23,581
–
Foreign exchange loss/(gain)
148,037
(109,347)
Recovery of doubtful debts previously provided
–
(253,945)
Gain on disposal of a subsidiary (Note 16(C))
– (2,204,597)
Operating cash flows before changes in working capital
4,814,153 3,116,332
Changes in working capital:
Decrease in trade receivables
330,760
47,525
(Increase)/decrease in other receivables and prepayments
(490,233)
641,298
Decrease/(increase) in inventories
37,645
(269,396)
(Increase)/decrease in long-term security deposits
(142,920)
4,015
Decrease in trade payables
(198,178)
(1,427,627)
Decrease in other payables
(170,625)
(1,202,857)
Cash flows from operations
4,180,602
909,290
Interest paid
(162,098)
(187,714)
Interest received
21,530
10,065
Income tax refund
447,425
344,922
Net cash flows from operating activities
4,487,459 1,076,563
Investing activities
Dividends received from an available-for-sale investment
69,230
63,338
Proceeds from disposal of property, plant and equipment
–
103,445
Purchase of property, plant and equipment (Note A)
(2,599,685)
(3,294,638)
Advance payment for capital expenditures (Note A)
(364,584)
–
Dividend received from an associate
–
80,000
Net cash outflow on disposal of a subsidiary (Note 16(C))
–
(48,361)
Net cash flows used in investing activities
(2,895,039)
(3,096,216)
