|
Consolidated |
Company |
||||
|
2008 |
2007 |
2008 |
2007 |
||
|
Note |
$000 |
$000 |
$000 |
$000 |
|
|
Cash flows from operating activities |
|||||
|
Cash receipts from customers |
543,493 |
506,589 |
427,996 |
407,018 |
|
|
Cash payments to suppliers and employees |
(397,215) |
(367,238) |
(317,507) |
(263,108) |
|
|
Dividends received |
- |
- |
- |
1,608 |
|
|
Grant and other income received |
1,871 |
151 |
1,871 |
151 |
|
|
Interest received |
1,576 |
2,353 |
944 |
3,204 |
|
|
Interest paid |
(11,810) |
(8,892) |
(3,029) |
(802) |
|
|
Income taxes paid |
(53,367) |
(56,127) |
(33,749) |
(43,397) |
|
|
Net cash provided by operating activities |
84,548 |
76,836 |
76,526 |
104,674 |
|
|
Cash flows from investing activities |
|||||
|
Acquisition of property, plant and equipment |
(17,831) |
(18,596) |
(10,706) |
(13,506) |
|
|
Acquisition of enterprise resource planning system |
(9,819) |
(7,805) |
(9,052) |
(7,805) |
|
|
Proceeds from sale of non-current assets |
4 |
7,574 |
1 |
292 |
|
|
Investment in controlled entities |
- |
(7,953) |
(26) |
(30,000) |
|
|
Acquisition of intangible asset |
(1,500) |
- |
(1,500) |
- |
|
|
Acquisition of distributor businesses |
(1,011) |
- |
- |
- |
|
|
Acquisition of manufacturing business |
(9,286) |
(9,972) |
(9,286) |
(9,972) |
|
|
Development expenditure |
- |
(375) |
- |
(375) |
|
|
Net cash used in investing activities |
(39,443) |
(37,127) |
(30,569) |
(61,366) |
|
|
Cash flows from financing activities |
|||||
|
Repayment of borrowings |
(90,623) |
(38,487) |
(72,000) |
(5,000) |
|
|
Proceeds from borrowings |
64,938 |
57,822 |
62,000 |
35,000 |
|
|
Proceeds from issue of share capital |
12,974 |
3,335 |
12,974 |
3,335 |
|
|
Dividends paid by the parent |
(77,852) |
(60,383) |
(77,852) |
(60,383) |
|
|
Net cash used in financing activities |
(90,563) |
(37,713) |
(74,878) |
(27,048) |
|
|
Net (decrease)/increase |
(45,458) |
1,996 |
(28,921) |
16,260 |
|
|
Cash and cash equivalents, |
81,737 |
85,326 |
43,694 |
27,458 |
|
|
Effects of exchange fluctuation on cash held |
408 |
(5,585) |
31 |
(24) |
|
|
Cash and cash equivalents, |
36,687 |
81,737 |
14,804 |
43,694 |
|
The statements of cash flows are to be read in conjunction with the notes to the financial statements in this report.
