111 ANNUAL REPORT 2024 Consolidated Statement of Cash Flows Year Ended 31 December 2024 The accompanying notes form an integral part of these financial statements. Notes 2024 2023 $ $ Cash flows from operating activities Net profit/(loss) before tax 8,692,788 (5,339,456) Adjustments for: Depreciation of property, plant and equipment and investment property 966,237 1,013,861 Depreciation of right-of-use assets 326,467 430,926 Finance costs 1,909,787 2,036,940 Gains on disposals of property, plant and equipment (624,178) (10,166) Interest income (123,374) (85,283) Inventory written down 1,689,628 8,557,525 Property, plant and equipment written down – 811,080 Share of profit of associates (1,222,096) (1,171,091) Changes in fair value of financial assets at fair value through profit or loss (44,957) – Changes in fair value of financial liabilities at fair value through profit or loss 8,690 50,864 Operating cash flows before working capital changes 11,578,992 6,295,200 Changes in working capitals: Trade and other receivables 703,303 3,537,942 Other current assets (891,452) 51,738 Inventories 380,193 6,862,712 Trade and other payables (317,620) 76,443 Foreign exchange adjustment differences 67,903 24,358 Net cash flows from operations 11,521,319 16,848,393 Income tax paid (595,899) (1,111,070) Interest received 123,374 85,283 Net cash from operating activities 11,048,794 15,822,606 Cash flows used in investing activities Dividends received from associates 537,913 619,944 Purchase of equity shares from non-controlling interests (1,160,289) – Purchase of financial assets at fair value through other comprehensive income – (1,351,100) Purchase of property, plant and equipment (2,735,332) (1,185,390) Proceeds from disposals of property, plant and equipment 943,819 11,036 Net cash used in investing activities (2,413,889) (1,905,510) Cash flows used in financing activities Dividends paid (666,500) (1,599,600) Dividends paid by subsidiary to non-controlling interest (258,876) (30,337) Repayments of long term bank loans (500,000) (500,000) Proceeds from/(repayments of) bill payables 1,940,567 (6,447,488) Repayments of short term bank loans (4,736,990) (528,590) Lease liabilities (522,187) (598,522) Interest paid (1,768,966) (1,941,608) Net cash used in financing activities (6,512,952) (11,646,145) Net increase in cash and cash equivalents 2,121,953 2,270,951 Cash and cash equivalents, statement of cash flows, beginning balance 13,024,005 10,949,160 Effects of exchange rate changes on cash and cash equivalents 145,426 (196,106) Cash and cash equivalents, statement of cash flows, ending balance 22A 15,291,384 13,024,005
RkJQdWJsaXNoZXIy NTkwNzg=