QL Resources Berhad (428915-X)
66
Group Company
Note 2016 2015 2016 2015
RM’000 RM’000 RM’000 RM’000
Cash flows from operating activities
Profit before tax 249,481 245,975 113,586 97,632
Adjustments for:
Amortisation of investment properties 606 634 - -
Amortisation of intangible assets 92 239 - -
Amortisation of prepaid lease payments 1,705 1,232 - -
Depreciation of property, plant and equipment 96,407 86,436 57 114
Derivative (gain)/loss (1,280) 2,091 - -
Dividends from subsidiaries - - (101,831) (67,268)
Dividends from liquid investments (200) (855) (200) (595)
Dividends from associate - - - (862)
Finance costs 38,376 35,568 18,995 19,438
Finance income (5,671) (5,864) (24,882) (19,571)
Gain on deemed disposal of investment
in associate - (8,347) - (12,215)
Gain on disposal of other investment (377) - (377) -
Loss/(Gain) on disposal of property,
plant and equipment 639 (2,104) - -
Gain on disposal of investment property (4) - - -
Gain on foreign exchange – unrealised (5,375) (1,778) (9,280) (20,578)
Intangible assets written off - 374 - -
Property, plant and equipment written off 2,059 2,666 - -
Share of associates’ profits (12,938) (23,272) - -
Negative goodwill (1,187) - - -
Operating profit/(loss) before
changes in working capital
362,333 332,995 (3,932) (3,905)
Changes in working capital:
Biological assets (12,539) (5,170) - -
Inventories (40,621) (71,630) - -
Trade and other receivables and other
financial assets (19,658) (30,508) 7,338 (4,675)
Employee benefits 638 515 - -
Trade and other payables, including derivatives 53,010 21,809 (5,566) (2,153)
Bills payable (37,122) 17,642 - -
Cash generated from/(used in) operations
306,041 265,653 (2,160) (10,733)
Dividends from liquid investments 200 855 200 595
Income taxes (paid)/refunded (50,274) (36,889) (1,000) 939
Interest paid (10,263) (10,373) - -
Interest received 5,671 5,864 24,882 19,571
Net cash generated from operating activities
251,375 225,110 21,922 10,372
STATEMENTS OF CASH FLOWS
For the year ended 31 March 2016
