CAHYA MATA SARAWAK ANNUAL REPORT 2016

97 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 Section 07 Financial StatementS STATEMENTS OF CASH FLOWS For the financial year ended 31 December 2016 Note 2016 2015 Group RM’000 RM’000 Operating activities Profit before tax 302,139 388,596 Adjustments for: Amortisation of intangible assets 8 1,399 376 Amortisation of prepaid land lease payments 8 764 764 Bad debts written off 8 23 6 Depreciation of property, plant and equipment 8 60,605 52,836 Depreciation of investment properties 8 118 118 Gain on disposal of land 6 (25,000) - Gain on redemption of redeemable preference shares 6 - (993) Grant of equity-settled share options to employees 9 - 4,497 Gross dividend income 4 (9,599) (21,473) Impairment loss on trade and other receivables 8 1,746 1,200 Impairment loss on amount due from an associate 8 1,972 - Interest expense 7 10,035 363 Interest income 4/5 (10,430) (3,489) Inventories written down 8 84 97 Inventories written off 8 117 1,571 Inventories written back 8 - (210) Loss on liquidation of subsidiaries 8 - 35 Net fair value changes in investment securities held as fair value through profit and loss 6 (1,030) (706) Net gain on disposal of property, plant and equipment 8 (162) (398) Net realised gain on disposal of investment securities 6 (12) (1,070) Project development cost (written back)/written off 8 (149) 1,310 Property, plant and equipment written off 8 1,037 101 Reversal of allowance for obsolete inventory 8 (8) - Reversal of impairment loss on trade and other receivables 6 (1,836) (2,109) Share of results of associates 35,169 (34,430) Share of results of joint ventures (23,275) (11,477) Unrealised foreign exchange gain 6 (4,507) (4,921) Total adjustments 37,061 (18,002) Operating cash flows before changes in working capital 339,200 370,594