Cash Flow Statement
Year ended 30 Sep ($'000)
|
FY2020
|
FY2019
(restated)*
|
CASH FLOWS FROM OPERATING ACTIVITIES
|
|
|
Profit before taxation and exceptional items
|
245,035
|
267,163
|
Adjustments for:
|
|
|
Non-cash items
|
(7,595)
|
(42,624)
|
Changes in working capital
|
(124,997)
|
33,619
|
Cash generated from operations
|
112,443
|
258,158
|
Interest income received
|
3,064
|
5,399
|
Interest expenses paid
|
(24,735)
|
(21,543)
|
Income taxes paid
|
(34,563)
|
(28,903)
|
Payment of employee benefits
|
(1,897)
|
(2,476)
|
Retirement benefit plan buy-out
|
(11,622)
|
-
|
Net cash from operating activities
|
42,690
|
210,635
|
CASH FLOWS FROM INVESTING ACTIVITIES
|
|
|
Dividends from associated companies
|
96,547
|
93,695
|
Gross income from investments
|
285
|
470
|
Proceeds from disposal of fixed and intangible assets
|
11,677
|
15,110
|
Proceeds from disposal of investment property
|
-
|
12,948
|
Net cash outflow on acquisition of subsidiary companies
|
-
|
(22,638)
|
Investments in joint venture and associated companies
|
(41,747)
|
(115,309)
|
Purchase of fixed assets
|
(108,348)
|
(158,996)
|
Payment for intangible assets
|
(16,163)
|
(17,068)
|
Payment of deferred consideration for prior years’ acquisition of subsidiary companies
|
(3,525)
|
-
|
Deposit pledged in relation to acquisition of subsidiary companies
|
3,025
|
-
|
Net cash used in investing activities
|
(58,249)
|
(191,788)
|
CASH FLOWS FROM FINANCING ACTIVITIES
|
|
|
Proceeds from bank borrowings
|
27,501
|
442,962
|
Repayment bank borrowings
|
(15,607)
|
(488,754)
|
Repayment of lease liabilities
|
(17,396)
|
-
|
Acquisition of non-controlling interests in a subsidiary company
|
(115)
|
-
|
Purchase of shares by a subsidiary company
|
(2,368)
|
(1,658)
|
Capital contribution by non-controlling interests
|
1,595
|
15,082
|
Payment of dividends
|
(112,046)
|
(96,160)
|
Net cash used in financing activities
|
(118,436)
|
(128,528)
|
Net decrease in cash and cash equivalents
|
(133,995)
|
(109,681)
|
Cash and cash equivalents at beginning of year
|
417,327
|
527,166
|
Effects of exchange rate changes on cash and cash equivalents
|
2,147
|
(158)
|
Cash and cash equivalents at end of year
|
285,479
|
417,327
|
*Restated upon the finalisation of the purchase purchase price allocation to our acquisition of Print Lab.
|