Haier 2009 Annual Report Download - page 62

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Year ended 31 December 2009

CONSOLIDATED STATEMENT OF CASH FLOWS 綜合現金流量表
HAIER ELECTRONICS GROUP CO., LTD ANNUAL REPORT 2009
60
2009 2008
年 
Notes RMB’000 RMB’000
  
CASH FLOWS FROM OPERATING 
ACTIVITIES
Profit before tax  538,046 180,506
Adjustments for: 
Finance costs  7 7,906 14,038
Interest income  5 (5,281 ) (6,421 )
Depreciation of property, 
plant and equipment 6 78,202 86,237
Depreciation of Investment properties  6 596 –
Recognition of prepaid land premiums  6 2,226 1,841
Amortisation of intangible assets  6 592 576
Provision for obsolete and 
slow-moving inventories 6 17,586 35,680
Loss on disposal/write-off of items of 
property, plant and equipment, net  6 9,166 4,906
Impairment of other receivables  6 3,329 7,087
Equity-settled share option expense  6 7,286 –
659,654 324,450
Decrease/(increase) in inventories  (136,331 ) 309,578
Increase in trade and bills receivables  (635,267 ) (852,187 )
Decrease/(increase) in prepayments, 
deposits and other receivables  (9,758 ) 69,874
Decrease in trade payables  (9,865 ) (42,860 )
Increase in other payables and accruals  921,862 418,310
Increase in provisions  67,067 62,243
Effect of foreign exchange rate 
changes, net (93 ) 6,131
Cash generated from operations  857,269 295,539
Interest received  5,281 6,421
Mainland China corporate 
income tax paid (80,638 ) (45,949 )
Net cash flows from operating activities  781,912 256,011
CASH FLOWS FROM 
INVESTING ACTIVITIES
Purchases of items of property, 
plant and equipment 15 (70,211 ) (38,473 )
Proceeds from disposal of 
items of property, 
plant and equipment 20,839 2,268
Additions to intangible assets  18 (439 ) (805 )
Decrease/(increase) in time deposits 
with original maturity over 
three months when acquired  49,000 (74,000 )
Net cash flows used in investing activities  (811 ) (111,010 )