Page 49 - ar2011

Consolidated Statement of Cash Flows
For the year ended 31st December 2011
NATURAL COOL HOLDINGS LIMITED
Annual Report 2011 47
The accompanying notes form an integral part of these fnancial statements.
Group
Note 2011 2010
$ $
Operating activities
(Loss)/Proft for the year (3,659,775) 6,833,048
Adjustments for:
Amortisation of deferred revenue (1,300,000) (482,258)
Amortisation of club memberships 454,100 –
Amortisation of intangible assets 243,858 364,761
Depreciation of investment properties 327,913 307,821
Depreciation of property, plant and equipment 2,356,798 2,431,679
Gain on disposal of property, plant and equipment (435,508) (7,562,865)
Impairment loss on property, plant and equipment 377,763 –
Listing expenses 1,618,113 649,219
Loss on disposal of investment property – 42,980
Plant and equipment written-off 394 38,385
Interest expenses 1,237,339 2,596,261
Interest income (15,448) (83,722)
Tax (credits)/expenses (570,576) 1,091,797
634,971 6,227,106
Changes in working capital:
Inventories (4,099,077) 3,110,958
Trade and other receivables (4,356,625) 3,326,539
Trade and other payables 3,675,958 (5,927,908)
Cash (used in)/generated from operations (4,144,773) 6,736,695
Taxes paid (371,712) (1,230,503)
Cash fows (used in)/from operating activities (4,516,485) 5,506,192
Investing activities
Interest received 15,448 83,722
Proceeds from disposal of investment property – 1,140,000
Proceeds from disposal of property, plant and equipment 822,818 50,870,350
Purchase of computer software (62,363) (20,140)
Purchase of industrial certifcates (337,075) (134,323)
Purchase of property, plant and equipment (3,563,340) (2,220,456)
Purchase of investment property (1,600,000) –
Purchase of club memberships (908,200) –
Receipt of proft guarantee 360,000 600,000
Cash fows (used in)/from investing activities (5,272,712) 50,319,153