Page 38 - ar2013

3 6
Annual Report 2013 LifeBrandz Ltd
Consolidated Statement of Cash Flow
For the fnancial year ended 31 July 2013
2013 2012
$’000 $’000
Cash fows from operating activities
Proft/(loss) before tax 215 (4,460)
Adjustments:
Depreciation on property, plant and equipment 962 2,518
Amortisation of intangible assets 268 –
Bad debts written off 3 5
Property, plant and equipment written off – 570
(Gain)/loss on disposal of property, plant and equipment (20) 24
Interest income (14) (10)
Finance costs 1 1
Bad debts written back – (6)
Exchange realignment (36) 6
Operating proft/(loss) before working capital changes 1,379 (1,352)
Changes in operating assets and liabilities
(Increase)/decrease in inventories (55) 45
Increase in trade and other receivables (1,008) (124)
Decrease in prepayments 82 564
(Decrease)/increase in trade and other payables (226) 830
Cash from/(used in) operations 172 (37)
Interest received 14 10
Income tax (paid)/refunded (16) 9
Placement of pledge fxed deposit – (1,980)
Net cash from/(used in) operating activities 170 (1,998)
Cash fows from investing activities
Proceeds from acquisition of business concept (Note 18) 323 –
Purchase of property, plant and equipment (1,527) (2,397)
Proceeds from disposal of property, plant and equipment 25 47
Net cash used in investing activities (1,179) (2,350)
Cash fows from fnancing activities
Repayment of obligations under fnance lease (6) (7)
Proceeds from short term loan 500 –
Net cash from/(used in) fnancing activities 494 (7)
Net decrease in cash and cash equivalents (515) (4,355)
Cash and cash equivalents at beginning of fnancial year 1,742 6,097
Cash and cash equivalents at end of fnancial year (Note 20) 1,227 1,742
The accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.