X Best view in portrait screen orientaion
Annual Report
2015

 

 

 

 Excel download
Year ended 31 December
Note20152014
Cash flows from operating activities
Cash generated from operations(a)   91,169   97,062   
Interest received319283
Interest paid(4,943)   (4,631)   
Income tax paid(2,244)(4,620)
Net cash inflow from operating activities84,30188,094
Cash flows from investing activities
Purchase of property, plant and equipment(88,465)   (69,586)   
Proceeds from disposal of property, plant and
equipment and other assets
2,336797
Dividends received from financial assets at fair value
through other comprehensive income

365   

353   
Proceeds from disposal of financial assets at fair value
through profit and loss

19   
-   
Dividends received from associates10-
Increase in short-term bank deposits(3)   (1)   
Purchase of other assets(4,542)(3,807)
Acquisition of financial assets at fair value through profit
and loss

(66)   

-   
Acquisition of interest in associates(8)(3,075)
Acquisition of interest in joint venture(1,000)   -   
Net cash outflow from investing activities(91,354)(75,319)
Cash flows from financing activities
Proceeds from exercise of share options1   871   
Proceeds from commercial papers30,00019,885
Proceeds from short-term bank loans139,663   158,259   
Proceeds from long-term bank loans1,920-
Proceeds from ultimate holding company loan1,344   -   
Proceeds from related party loan-473
Proceeds from promissory notes17,957   21,430   
Repayment of commercial papers(20,000)(45,000)
Repayment of short-term bank loans(149,072)   (161,007)   
Repayment of long-term bank loans(45)(46)
Repayment of related party loan(473)   -   
Repayment of ultimate holding company(1,344)-
Repayment of convertible bond(11,664)   -   
Repayment of finance lease(217)(161)
Dividends paid to equity shareholders of the Company38   (4,643)   (3,677)   
Net cash inflow/(outflow) from financing activities3,427(8,973)
Net (decrease)/increase in cash and cash equivalents(3,626)3,802
Cash and cash equivalents, beginning of year25,308   21,506   
Effect of changes in foreign exchange rate73-
Cash and cash equivalents, end of year1821,75525,308
Analysis of the balances of cash and cash equivalents:
Cash balances1   3   
    
Bank balances21,754   25,305   
21,75525,308
   

(a) The reconciliation of profit before income tax to cash generated from operations is as follows:

 Excel download
 Year ended 31 December


2015   


2014   
Profit before income tax14,03515,931
Adjustments for:
Depreciation and amortisation76,73873,868
Interest income(120)   (283)   
Finance costs6,6414,113
(Gain)/Loss on disposal of property, plant and equipment
and other assets
(7,280)   1,064   
Impairment losses for doubtful debts and write-down of
inventories
4,0543,958
Impairment losses for property, plant and equipment29   65   
Dividends from financial assets at fair value through other
comprehensive income
(397)(353)
Share of loss of associates759   -   
Share of loss of joint venture42-
Other investment loss8   28   
Changes in working capital:
Increase in accounts receivable(3,666)   (2,927)   
(Increase)/Decrease in inventories and consumables(73)675
Increase in other assets(6,288)   (1,897)   
Increase in prepayments and other current assets(1,630)(211)
Decrease/(Increase) in amounts due from related parties2,905   (1)   
Decrease/(Increase) in amounts due from domestic
carriers
126(1,523)
(Decrease)/Increase in accounts payable
and accrued liabilities
(1,781)   5,451   
Increase in taxes payable5,1262,068
Increase/(Decrease) in advances from customers1,465   (2,949)   
(Decrease)/Increase in deferred revenue(81)238
(Decrease)/Increase in other obligations(17)   22   
Decrease in amounts due to ultimate holding company(185)(12)
Increase/(Decrease) in amounts due to related parties861   (161)   
Decrease in amounts due to domestic carriers(102)(102)
   
Cash generated from operations91,16997,062