Page 36 - ar2012

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The Group
Note 2012 2011
$’000 $’000
Operating activities
Profit before income tax 17,159 9,471
Adjustments for:
Depreciation expense 4,899 4,169
Impairment loss on available-for-sale investments 1 81
Dividend income (257) (240)
Interest income (181) (132)
Allowance for doubtful debts 181 271
Write-back of allowance for doubtful debts - (56)
Bad debts written off - 33
Interest expense 3,211 2,529
Gain on disposal of available-for-sale investments (371) (157)
Loss (Gain) on disposal of property, plant and equipment 13 (12)
(Reversal of impairment) Impairment loss on an investment property (2,891) 2,460
Fair value (gain) loss on held-for-trading investments (301) 241
Operating cash flows before movements in working capital 21,463 18,658
Available-for-sale investments (565) (1,280)
Held-for-trading investments (573) (442)
Fixed deposits pledged to banks (799) -
Trade and other receivables (873) (2,275)
Inventories (184) (79)
Trade and other payables (190) 2,190
Cash generated from operations 18,279 16,772
Interest paid (3,211) (2,529)
Interest received 181 132
Dividend received 257 240
Income tax paid (3,556) (1,705)
Net cash from operating activities 11,950 12,910
CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December 2012