Attributable toownersof theCompany
Company
Share
capital
(Note21)
Capital
reserve
(1)
Retained
earnings
Fairvalue
reserve
Total
reserves
Total
equity
$’000
$’000
$’000
$’000
$’000
$’000
2015
At 1January2015
95,547
2,344
78,319
91 80,754 176,301
Profit for the year
–
–
12,630
– 12,630 12,630
Other comprehensive income
Net losson fair value changesof available-for-sale financial assets
–
–
–
(318)
(318)
(318)
Total comprehensive income for the year
–
–
12,630
(318)
12,312 12,312
Contributionsby anddistributions toowners
Issuanceof newordinary shares from conversionofwarrants
13,241
–
–
–
– 13,241
Dividendsonordinary shares (Note28)
–
–
(10,075)
– (10,075)
(10,075)
Total contributionsby anddistribution toowners
13,241
–
(10,075)
– (10,075)
3,166
At 31December2015
108,788
2,344
80,874
(227)
82,991 191,779
2014
At 1January2014
86,851
2,344
99,597
– 101,941 188,792
Profit for the year
–
–
23,968
–
23,968
23,968
Other comprehensive income
Net gainon fair value changesof available-for-sale financial assets
–
–
–
91
91
91
Total comprehensive income for the year
–
–
23,968
91
24,059
24,059
Contributionsby anddistributions toowners
Issuanceof newordinary shares from conversionofwarrants
8,696
–
–
–
–
8,696
Dividendsonordinary shares (Note28)
–
–
(45,246)
– (45,246)
(45,246)
Total contributionsby anddistribution toowners
8,696
–
(45,246)
– (45,246)
(36,550)
At 31December2014
95,547
2,344
78,319
91
80,754 176,301
(1)
Capital reservearose from restructuringexercise inprior years.
2015
2014
$’000
$’000
Cash flows fromoperatingactivities
Profit before tax
11,124
16,326
Adjustments for:
Depreciationof property, plant andequipment
1,811
2,211
Inventorieswrittendown
625
1,950
Provision for doubtful debt
35
–
Interest income
(1,092)
(896)
(Write-back)/provision forwarranty
(2,452)
189
Unrealised foreignexchangegain
(4,001)
(2,544)
Operatingcash flowsbeforeworkingcapital changes
6,050
17,236
Increase in inventoriesandwork-in-progress
(37,860)
(7,863)
Decrease/(increase) ingrossamount due from customers for contractwork-in-progress
13,004
(5,162)
(Decrease)/increase ingrossamount due to customers for contractwork-in-progress
(1,049)
1,809
(Increase)/decrease in tradeandother receivables
(3,733)
5,773
Increase inprepaidoperatingexpenses
(38)
(65)
Increase/(decrease) in tradeandother payables
2,875
(137)
Cash flows (used in)/fromoperations
(20,751)
11,591
Interest received
975
785
Income taxpaid
(2,713)
(3,346)
Net cash flows (used in)/fromoperatingactivities
(22,489)
9,030
Cash flows from investingactivities
Purchaseof property, plant andequipment
(11,554)
(5,551)
Purchaseof intangibleasset
(227)
(834)
Maturity of short-termdeposits
–
4,000
Purchaseof investment securities
(1,183)
(5,740)
Net cash flowsused in investingactivities
(12,964)
(8,125)
Statementsofchanges inequity
For the financial year ended31December 2015
Consolidatedcashflowstatement
For the financial year ended31December 2015
Theaccompanyingaccountingpoliciesandexplanatorynotes forman integral part of the financial statements.
Theaccompanyingaccountingpoliciesandexplanatorynotes forman integral part of the financial statements.
74
75
BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
