annual report 2014
I
61
Group
Company
2014
2013
2014
2013
Note
RMB’000
RMB’000
RMB’000
RMB’000
CASH FLOWS FROM
OPERATING ACTIVITIES
Profit/(Loss) before tax
67,208
137,840
(235)
139,113
Adjustments for:
Amortisation of land use rights
8
1,217
1,218
–
–
Depreciation of property, plant
and equipment
7
13,692
10,758
–
–
Interest expense
594
563
–
–
Interest income
(1,891)
(1,163)
(94)
–
Inventories written off
10
116
217
–
–
Loss on disposal of
property, plant and equipment
–
409
–
–
Unrealised loss/(gain) on
foreign exchange
253
(17,640)
(1,959)
(5,899)
Operating profit/(loss) before
working capital changes
81,189
132,202
(2,288)
133,214
Changes in working capital:
Inventories
(925)
12,001
–
–
Trade and other receivables
68,651
(36,869)
–
–
Trade and other payables
(42,849)
21,340
(891)
(160)
Cash generated from/
(used in) operations
106,066
128,674
(3,179)
133,054
Income tax paid
(25,563)
(42,837)
–
–
Net cash from/(used in)
operating activities
80,503
85,837
(3,179)
133,054
The accompanying notes form an integral part of the financial statements.
Statements
of Cash Flows
for the financial year ended 31 December 2014
