Megachem Limited Annual Report 2015 81 Consolidated Statement of Cash Flows Year Ended 31 December 2015 The accompanying notes form an integral part of these financial statements. Note 2015 2014 $ $ Cash flows from operating activities Net profit 3,284,094 3,192,209 Adjustments for: Change in fair value of financial assets (10,000) (60,000) Depreciation charge 1,472,894 1,513,262 Dividend income (2,137) (516) Loss/ (gain) on disposal of property, plant and equipment 105 (5,167) Share of profit of associated companies (897,508) (1,011,364) Income tax expense 1,101,457 1,066,939 Interest income (64,948) (42,105) Finance costs 592,558 492,075 Operating cash flow before working capital changes 5,476,515 5,145,333 Change in operating assets and liabilities Trade and other receivables 3,927,379 (3,886,043) Inventories 308,681 (1,693,086) Financial assets at fair value through profit or loss 14,854 45,648 Trade and other payables (1,594,874) 1,411,351 Financial liabilities at fair value through profit or loss (490) 5,329 Foreign exchange adjustment differences 76,698 (41,084) Cash generated from operations 8,208,763 987,448 Income tax paid (1,317,425) (946,772) Interest received 64,948 42,105 Net cash from operating activities 6,956,286 82,781 Cash flows from investing activities Dividends received from associated company and listed equity securities 2,298,202 755,012 Purchase of property, plant and equipment 19B (1,323,666) (2,835,538) Proceeds from sale of property, plant and equipment 4,843 5,896 Net cash from/(used in) investing activities 979,379 (2,074,630) Cash flows from financing activities Dividends paid (1,333,000) (1,333,000) Dividends paid by subsidiary to non-controlling shareholders (117,659) (34,842) Proceeds from/(repayments of) long term bank loans 1,098,935 (600,000) (Repayments of)/proceeds from bill payables (3,695,406) 3,394,452 (Repayments of)/proceeds from short term bank loans (1,077,481) 1,567,831 (Payments)/refunds of prior years unclaimed dividends (7,397) 7,903 Interest paid (599,799) (464,052) Net cash (used in)/from financing activities (5,731,807) 2,538,292 Net increase in cash and cash equivalents 2,203,858 546,443 Cash and cash equivalents, statement of cash flows, beginning balance 8,999,243 8,439,428 Effects of exchange rate changes on cash and cash equivalents (143,372) 13,372 Cash and cash equivalents, statement of cash flows, ending balance 19A 11,059,729 8,999,243
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