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THONG GUAN INDUSTRIES BERHAD

29

Consolidated cash flow statement for the year ended 31 December 2007

2007

2006

Note

RM

RM

Cash flows from operating activities Profit before tax from continuing operations

16,013,672

26,710,005

Adjustments for : Depreciation of property, plant and equipment Amortisation of prepaid lease payments Gain on disposal of property, plant and equipment Interest income Interest expense Property, plant and equipment written off Share of loss of equity accounted associate

Operating profit before changes in working capital

3 4

19

14,364,713

12,757,812

152,091

223,441

(953,371)

(79,256)

(218,994)

(185,808)

3,011,505

3,132,429

23,609

-

-

8,420

32,393,225

42,567,043

Changes in working capital : Inventories Receivables, deposits and prepayments Payables and accruals

(19,278,999) 2,044,002 26,067,720

1,222,859 (16,474,178) (2,553,525)

Cash generated from operations Taxes paid

41,225,948 (4,202,254)

24,762,199 (3,780,540)

Net cash generated from operating activities

37,023,694

20,981,659

Cash flows from investing activities Acquisition of property, plant and equipment Acquisition of prepaid lease payments Proceeds from disposal of property, plant and equipment Interest received Acquisition of other investment

A 4

(15,370,682) (25,696) 6,926,871 218,994 (879,842)

(24,170,585) - 294,718 185,808 -

Net cash used in investing activities

(9,130,355)

(23,690,059)

(3,011,505)

(3,132,429)

(263,637)

(132,397)

(7,976,371)

12,155,514

(6,409,566)

(2,051,427)

(3,156,135)

(5,260,225)

1,579,036 (1,129,364)

Cash flows from financing activities

Interest paid Repayment of finance lease liabilities (Repayment)/Drawdown of term loans, net Repayment of other bank borrowings, net Dividend paid

Net cash (used in)/generated from financing activities Net increase/(decrease) in cash and cash equivalents

(20,817,214) 7,076,125

Cash and cash equivalents at 1 January

10,537,133

12,045,143

Effects of exchange rate fluctuations on cash held

30,658

(378,646)

Cash and cash equivalents at 31 December

B

17,643,916

10,537,133

Notes A. Property, plant and equipment During the year, the Group acquired property, plant and equipment with an aggregate cost of RM15,430,682 (2006 : RM24,470,585) of which RM60,000 (2006 : RM300,000) was acquired by means of finance lease installment plan.The remaining of RM15,370,682 (2006 : RM24,170,585) was purchased by way of cash payments. Cash and cash equivalents Cash and cash equivalents included in the consolidated cash flow statement comprise the following consolidated balance sheet amounts : B.

Short term deposits with licensed banks Cash and bank balances Bank overdrafts

Note 9 9 13

2007

2006

RM

RM

10,086,272

4,423,840

15,579,400

10,605,740

(8,021,756)

(4,492,447)

17,643,916

10,537,133

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