Crucial 2011 Annual Report Download - page 148

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INOTERA MEMORIES, INC.
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31 2008, 2009 and 2010
(Expressed in thousands of New Taiwan Dollars)
For the years ended December 31,
2008
2009
2010
Cash flows from operating activities:
Net loss
$
(21,775,898
)
(11,476,927
)
(10,661,312
)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation
27,711,438
29,603,228
31,137,115
Amortization of deferred charges
13,020
244,132
776,469
Amortization of deferred charges－bank loan syndication and underwriter’s charge on debt securities
offering
61,280
-
-
Compensation costs arising from share-based payments
15,839
83,097
499,585
(Gain from price recovery) loss on obsolescence of inventories
853,946
(1,767,684
)
797,068
Loss on doubtful accounts
3,345,946
-
-
Loss (Gain) on disposal of fixed and idle assets
2,226
(8,526
)
(30,771
)
Loss on impairment of fixed assets and idle assets -
1,098
236,763
Unrealized foreign currency exchange loss (gain), net
1,205,419
(292,456
)
(510,742
)
Interest income from capital lease
(19,489
)
(19,175
)
(18,841
)
Interest expense from capital lease
5,605
291,824
294,788
Valuation gain on financial instruments, net
538,811
-
-
Net cash received from settlement on maturity of financial assets
510,956
-
-
Gain on terminated capital lease agreement -
(7,833
)
-
Change in operating assets and liabilities:
Increase (decrease) in financial liabilities reported at fair value through profit or loss, net -
311,838
(344,340
)
Increase in accounts receivable
(387,997
)
-
-
(Increase) decrease in accounts receivable－related parties
948,709
(6,870,447
)
3,538,254
Decrease (Increase) in other receivables
20,468
144,773
(713,608
)
Decrease in other receivables－related parties
(11,958
)
9,373
3,310
Decrease (increase) in inventories
248,358
1,249,526
(1,846,692
)
Decrease (increase) in prepayments
502,267
669,188
(1,256,031
)
Decrease (increase) in notes and accounts payable
(268,607
)
170,720
570,300
Increase (decrease) in accounts payable－related parties
(108,785
)
68,101
(3,786
)
(Decrease) increase in accrued expenses
(247,309
)
174,586
333,325
Increase (decrease) in other payables－related parties
(32,637
)
13,473
(25,244
)
Decrease in other current liabilities
(56,648
)
(5,015
)
(4,167
)
Decrease (increase) in deferred income tax assets, net
3,322
(17,305
)
-
Decrease in accrued pension liabilities
(7,976
)
(6,027
)
(8,380
)
Net cash provided by operating activities
13,070,306
12,563,562
22,763,063
Cash flows from investing activities:
Purchases of property, plant and equipment
(23,878,505
)
(7,817,644
)
(49,180,961
)
Proceeds from disposal of fixed and idle assets -
-
267,047
Decrease (increase) in refundable deposits
24,004
1,957
(78,434
)
Decrease in lending to related parties
(2,834,920
)
2,834,920
-
Increase in deferred charges and intangible assets
(6,000
)
(1,629,700
)
-
Decrease in lease receivables
24,698
24,698
24,698
Net cash used in investing activities
(26,670,723
)
(6,585,769
)
(48,967,650
)