CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 100 Section 07 Financial Statements Note 2016 2015 Company RM’000 RM’000 Operating activities Profit before tax 31,577 30,723 Adjustments for: Amortisation of intangible assets 8 - 24 Amortisation of prepaid land lease payments 8 426 426 Depreciation of investment properties 8 - 715 Depreciation of property, plant and equipment 8 293 644 Grant of equity-settled share options to employees 9 - 646 Gross dividend income 4 (93,776) (74,089) Impairment loss on amount due from a subsidiary 8 29,140 - Interest expense 7 30,277 25,681 Interest income 4 (15,277) (11,726) Net fair value changes in investment securities 6 (1,030) (706) Net realised gain on disposal of investment securities 6 (12) (1,070) Waiver of amount due from subsidiaries 8 63 - Total adjustments (49,896) (59,455) Operating cash flows before changes in working capital (18,319) (28,732) Changes in working capital Increase in receivables (30,256) (212,885) Increase in payables 175,700 91,505 Total changes in working capital 145,444 (121,380) Cash flows from/(used in) operations 127,125 (150,112) Interest received 15,277 11,726 Interest paid (30,202) (25,681) Tax paid (1,262) (554) Net cash flows from/(used in) operating activities 110,938 (164,621) Statements of Cash Flows For the financial year ended 31 December 2016