2016
2015
$’000
$’000
(Restated)
Cash flows from operating activities
Profit before tax
10,291
9,519
Adjustments for:
Amortisation of intangible assets
1,498
193
Depreciation of property, plant and equipment
2,107
2,502
Gain on disposal of property, plant and equipment
(520)
(179)
Interest income
(336)
(53)
Interest expense
304
148
Property, plant and equipment written off
2
24
Allowance for doubtful receivables (net)
2
75
Goodwill written off
–
578
Bad debts written off
25
3
Inventories written off
–
3
Operating profit before working capital changes
13,373
12,813
Contract work-in-progress
(1,358)
(1,486)
Trade and other receivables
4,781
3,420
Trade and other payables
530
3,515
Inventories
(22)
3
Cash generated from operations
17,304
18,265
Interest received
336
53
Interest paid
(298)
(141)
Tax paid
(1,735)
(1,114)
Net cash generated from operating activities
15,607
17,063
Cash flows from investing activities
Purchase of other investments
(2,067)
–
Net cash outflows on acquisition of subsidiaries (note 14)
(2,171)
(3,257)
Purchases of property, plant and equipment (note A)
(7,229)
(2,489)
Proceeds from disposal of property, plant and equipment
1,002
1,213
Net cash used in investing activities
(10,465)
(4,533)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FInAncIAL yEAR EnDED 30 JunE 2016
The accompanying notes form an integral part of the financial statements.
63
ISOTEAM LTD.
ANNUAL REPORT 2016
