. 81
ANNUAL
REPORT
20 1 7
THE BE ST
I N US
2017
2016
$’000
$’000
Cash flows fromoperatingactivities
Loss before tax
(11,283)
(9,222)
Adjustments for:
Depreciationof property, plant andequipment
2,806
1,911
Amortisationof intangible assets
22
–
Inventories andwork-in-progresswrittendown
501
1,391
Allowance for doubtful debt
–
63
Interest income
(661)
(668)
Writeback forwarranty
(1,176)
(645)
Unrealised foreignexchange loss / (gain)
4,094
(1,131)
Gainondisposal of property, plant andequipment
–
(1)
Impairment of goodwill
–
7,551
Operatingcash flowsbeforeworkingcapital changes
(5,697)
(751)
Increase in inventories andwork-in-progress
(14,536)
(34,840)
Decrease ingross amount due fromcustomers for contractwork-in-progress
978
5,667
Decrease ingross amount due tocustomers for contractwork-in-progress
(18)
(1,459)
Decrease in trade andother receivables
2,657
5,628
Decrease / (increase) inprepaidoperatingexpenses
75
(39)
Decrease in trade andother payables
(1,035)
(4,932)
Cash flowsused inoperations
(17,576)
(30,726)
Interest received
695
699
Income tax refunded / (paid)
518
(196)
Net cash flowsused inoperatingactivities
(16,363)
(30,223)
Cash flows from investingactivities
Purchaseof property, plant andequipment
(689)
(1,998)
Proceed fromdisposal of property, plant andequipment
–
1
Additions to intangible asset
(16)
(105)
Maturityof investment securities
2,993
3,713
Purchaseof investment securities
(302)
(315)
Net cash flows from investingactivities
1,986
1,296
Cash flows from financingactivity
Dividends paidonordinary shares
(2,536)
(5,072)
Net cash flowsused in financingactivity
(2,536)
(5,072)
Net decrease incash andcashequivalents
(16,913)
(33,999)
Effect of exchange ratechanges oncash andcashequivalents
(3,401)
885
Cash andcashequivalents at beginningof financial year
106,956
140,070
Cashandcashequivalentsat endof financial year (Note19)
86,642
106,956
CONSOLIDATED
CASHFLOW STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
The accompanying accountingpolicies andexplanatorynotes form an integral part of the financial statements.
