Creative 2015 Annual Report Download - page 22

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22
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
Group
2015 2014
Note US$’000 US$’000
Cash ows from operang acvies:
Net loss (33,391) (21,772)
Adjustments for:
Income tax credit (732) (4,473)
Depreciaon of property and equipment 4 711 697
Employee share-based expense 5 (8) (437)
(Gain) loss on disposal of property and equipment 7, 8 (392)
1
Impairment loss of nancial assets, available-for-sale 8 4,725 972
Gain on disposal of nancial assets, available-for-sale (9,181) (18)
Currency translaon loss (gain) 11,272 (1,775)
Dividend income 6 (104)
–
Interest income 6 (348) (225)
(27,448) (27,030)
Changes in working capital, net of eects from disposal of subsidiaries
Trade receivables 777 4,169
Inventories 43 (1,841)
Other assets and receivables 568 291
Trade payables 6,256 (4,370)
Accrued liabilies and provisions (6,454) (6,595)
Cash used in operaons (26,258) (35,376)
Interest received 350 223
Income tax paid (65) (26)
Net cash used in operang acvies (25,973) (35,179)
Cash ows from invesng acvies:
Purchase of property and equipment (99) (271)
Proceeds from sale of property and equipment 4,884 –
Proceeds from sale of nancial assets, available-for-sale 12,133 753
Proceeds from sale of investments in subsidiaries (net of cash disposed of) 17 – (110)
Proceeds received from escrow account 11 – 4,500
Purchase of nancial assets, available-for-sale (1,900) (250)
Dividend received 104 –
Net cash provided by invesng acvies 15,122 4,622
Cash ows from nancing acvies:
Dividends paid to equity holders of the Company (2,752) (5,676)
Net cash used in nancing acvies (2,752) (5,676)
Net decrease in cash and cash equivalents (13,603) (36,233)
Cash and cash equivalents at beginning of nancial year 11 124,638 159,074
Eects of currency translaon on cash and cash equivalents (11,367) 1,797
Cash and cash equivalents at end of nancial year 11 99,668 124,638
CONSOLIDATED STATEMENT OF CASH FLOWS
For the nancial year ended 30 June 2015
The accompanying notes form an integral part of these nancial statements.