78
Baker Technology LimitedAnnual Report 2014
2014
2013
$
$
Cash flows fromoperating activities
Profit before tax
16,325,885
26,080,025
Adjustments for :
Depreciationof property, plant andequipment
2,303,152
1,236,830
Loss ondisposal of property, plant andequipment
–
51,660
Inventorieswrittendown
1,950,000
–
Gainondisposal of investment in an associate
–
(8,757,440)
Interest income
(896,329)
(486,718)
Interest expense
–
7,670
Provision for warranty
189,000
2,044,000
Shareof losses of an associate
–
495,000
Unrealised foreignexchangegain
(2,543,633)
(763,260)
Operating cash flows beforeworking capital changes
17,328,075
19,907,767
Decrease in inventories
1,111,493
13,588,685
(Increase)/decrease ingrossamountdue fromcustomers for contractwork-in-progress
(14,228,550)
11,297,488
Increase/(decrease) ingrossamountdue tocustomers for contractwork-in-
progress
1,809,021
(1,024,120)
Decrease in trade andother receivables
5,772,817
6,586,702
Increase inprepaidoperatingexpenses
(64,703)
(518)
Decrease inpledgeddeposits
–
11,067,427
Decrease in trade andother payables
(136,882)
(5,064,076)
Cash flows fromoperations
11,591,271
56,359,355
Interest paid
–
(7,670)
Interest received
785,329
486,718
Income taxpaid
(3,346,393)
(4,497,560)
Net cash flows fromoperating activities
9,030,207
52,340,843
CONSOLIDATED
CASH FLOWSTATEMENT
For the financial year ended 31December 2014
