64
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
Note
2015
2014
$’000
$’000
Cash flows from operating activities:
Profit before income tax
33,268
31,854
Adjustments for:
Depreciation of property, plant and equipment
12
1,461
1,290
Amortisation of intangible assets
14
227
218
Gain on disposal of property, plant and equipment
8
–
(12)
Gain on disposal of investment property
13
(54)
–
Interest income
6
(7,043)
(288)
Interest expense
7
4,782
217
Share-based compensation expense
33
108
45
Impairment loss on investment in associate
11
2,646
–
Impairment loss on trade receivables and bad debts written off
8
511
192
Share of results of associate
436
2,350
Unrealised share of other (income)/expense from associate
(106)
318
Fair value gain on investment properties
13
(265)
(110)
Fair value changes on financial asset designated at
fair value through profit or loss
(10,364)
(18,716)
Gain on transfer from associate to financial asset designated at
fair value through profit or loss
11
–
(6,297)
Fair value gain on derivative
asset
16
(12,922)
–
Unrealised exchange gain
(4,780)
(281)
Operating cash flows before changes in working capital
7,905
10,780
Changes in working capital:
Increase in trade receivables
(11,522)
(8,179)
(Increase)/decrease in other receivables, deposits and prepayments
(1,147)
14
Increase in inventories
(206)
(210)
Increase in trade and other payables
1,201
1,315
Increase in deferred revenue
1,765
1,339
Cash (used in)/generated from operations
(2,004)
5,059
Interest received
2,564
115
Interest paid
(3,126)
(217)
Income tax paid
(1,664)
(1,290)
Net cash flows (used in)/generated from operating activities
(4,230)
3,667
Cash flows from investing activities:
Purchase of property, plant and equipment
(1,968)
(1,544)
Purchase of intangible assets
14
(825)
(305)
Proceeds from disposal of investment property
754
–
Transfer (to)/from fixed deposits, net
(8)
3,222
Placement of short term investments
(246)
(646)
Acquisition of associate
11
–
(8,124)
Dividends from associate
–
917
Acquisition of convertible bond, net of transaction cost
(57,303)
–
Acquisition of subsidiaries
32
–
(3,158)
Net cash flows used in investing activities
(59,596)
(9,638)
