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117
Gamuda Berhad (29579-T) • Annual Report 2012
CoNSoLIDATED STATEMENT
oF CASh FLoWS
For the year ended 31 July 2012
2012
2011
RM’000
RM’000
Cash flows from operating activities
Profit before taxation
728,210
544,524
Adjustments for:
Amortisation of concession and quarry rights
3,099
3,098
Amortisation of prepaid land lease payments
425
425
Amortisation of motorway development expenditure
4,550
1,512
Depreciation
15,629
14,192
Property, plant and equipment written off
1,404
1,723
Net provision for contracts
-
22,939
Reversal of impairment loss on trade receivables
(251)
-
Net provision for liabilities
26,631
1,571
Provision for retirement benefits
2,896
5,407
Provision for short term accumulating compensated absences
305
408
Provision for foreseeable losses
2,016
-
Net (gain)/loss on disposal of property, plant and equipment
(4,247)
1,171
Share of profits from associated companies
(206,131)
(222,429)
Share based payments
3,345
6,217
Unrealised (gain)/loss on foreign exchange
(2,174)
31,466
Distribution from investment securities
(1,055)
(5,132)
Reversal of impairment loss on land
(20,896)
-
Interest income
(35,495)
(28,243)
Interest expense
62,390
58,779
operating profit before working capital changes
580,651
437,628
Increase in development properties
(663,144)
(529,979)
(Increase)/decrease in inventories
(32,376)
45,633
Decrease/(increase) in receivables
174,883
(233,825)
Increase in payables
329,517
243,609
Cash generated from/(used in) operations
389,531
(36,934)
Income taxes paid
(153,252)
(109,609)
Interest paid
(113,091)
(79,124)
Retirement benefits paid
(5,182)
(2,663)
Net cash generated from/(used in) operating activities
118,006
(228,330)