34
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