Cash Flow Statement
Year ended 30 Sep ($'000) | FY2018 | FY2017
(restated) |
CASH FLOWS FROM OPERATING ACTIVITIES | | |
Profit before taxation and exceptional items | 197,906 | 162,742 |
Adjustments for: | | |
Non-cash items | (18,064) | (11,483) |
Changes in working capital | 9,140 | (60,614) |
Cash generated from operations | 188,982 | 90,645 |
Interest income received | 12,737 | 8,886 |
Interest expenses paid | (30,265) | (13,656) |
Income taxes paid | (11,289) | (12,945) |
Payment of employee benefits | (1,216) | (1,380) |
Net cash from operating activities | 158,949 | 71,550 |
| | |
CASH FLOWS FROM INVESTING ACTIVITIES | | |
Dividends from associated companies | 87,146 | 34,633 |
Investment income | 0 | 33,394 |
Proceeds from sale of fixed assets | 4,871 | 1,061 |
Payment of deferred consideration for prior years' acquisition of subsidiary companies | 0 | (6,071) |
Net cash inflow on acquisition of subsidiary companies and business assets | 687 | 0 |
Investment in an associated company | (213,182) | (51,252) |
Purchase of other investment | (10,969) | (964,901) |
Purchase of fixed assets | (93,187) | (64,733) |
Payment for intangible assets | (13,369) | (10,506) |
Loan to a joint venture company | 0 | (643) |
Deposits pledged in relation to acquisition of subsidiary companies | 0 | 3,832 |
Deposits made in relation to acquisition of subsidiary companies completed after the financial year | 0 | (8,000) |
Net cash used in investing activities | (238,003) | (1,033,186) |
| | |
CASH FLOWS FROM FINANCING ACTIVITIES | | |
(Repayment of)/Proceeds from term loans and bank borrowings | (434,858) | 1,169,532 |
Acquisition of non-controlling interests in subsidiary companies | 0 | (7,539) |
Purchase of shares by a subsidiary company | (938) | (2,897) |
Capital contribution by/(repayment to) non-controlling interests | 102 | (70) |
Payment of dividends | (96,165) | (95,727) |
Net cash (used in)/from financing activities | (531,859) | 1,063,299 |
Net (decrease)/increase in cash and cash equivalents | (610,913) | 101,663 |
Cash and cash equivalents at beginning of year | 1,134,383 | 1,037,871 |
Effects of exchange rate changes on cash and cash equivalents | 3,696 | (5,151) |
Cash and cash equivalents at end of year | 527,166 | 1,134,383 |
FY2017 figures were restated upon the finalisation of the purchase price allocation in relation to our investment in Vietnam Dairy Products Joint Stock Company. | | |