56
Cordlife Group Limited
Annual Report 2016
for the financial year ended 30 June 2016
Consolidated Statement
of Cash Flows
Note
2016
$’000
2015
$’000
Cash flows from operating activities:
Profit before income tax
13,340
33,268
Adjustments for:
Depreciation of property, plant and equipment
12
1,784
1,461
Amortisation of intangible assets
14
731
227
Impairment loss on trade receivables and bad debts written off
8
386
511
Loss on disposal of property, plant and equipment
8
4
–
Gain on disposal of investment property
8
–
(54)
Interest income
6
(5,346)
(7,043)
Interest expense
7
5,589
4,782
Note repurchase expense
29
2,025
–
Share-based compensation expense
35
102
108
Share of results of associate
76
436
Impairment loss on investment in associate
11
–
2,646
Unrealised share of other income from associate
(44)
(106)
Fair value loss/(gain) on investment properties
13
220
(265)
Fair value changes on financial asset designated at fair value through profit or loss
(4,548)
(10,364)
Fair value changes on derivative asset
17
(2,519)
(12,922)
Re-measurement loss on previously held equity interest in subsidiary
34
1,594
–
Gain on sale of financial asset designated at fair value through profit or loss
15
(151)
–
Gain on sale of convertible note
17
(5,012)
–
Unrealised exchange gain
(7,082)
(4,780)
Operating cash flows before changes in working capital
1,149
7,905
Changes in working capital:
Increase in trade receivables
(9,279)
(11,522)
Decrease/(increase) in other receivables, deposits and prepayments
405
(1,147)
Increase in inventories
(74)
(206)
Increase in trade and other payables
869
1,201
Increase in deferred revenue
2,900
1,765
Cash used in operations
(4,030)
(2,004)
Interest received
1,204
409
Interest paid
(267)
(185)
Income tax paid
(1,260)
(1,664)
Net cash flows used in operating activities
(4,353)
(3,444)
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
