Ni Hsin Berhad Annual Report 2017

Group Company Note 2017 2016 2017 2016 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit/(Loss) before tax 2,593 (4,560) 1,653 (3,933) Adjustments for: Depreciation of property, plant and equipment 3 2,528 2,774 38 37 Depreciation of investment property 6 27 27 27 27 Dividend income - - (500) (2,100) Share-based payment 19 - 5,034 - 5,034 Finance costs 16 54 49 52 - Finance income (20) (6) (15) (5) Loss/(Gain) on unrealised foreign exchange 19 44 (68) - - Gain on disposal of property, plant and equipment 19 (8) - - - Property, plant and equipment written off 19 61 29 - - Gain on disposal of other investment 19 (263) - (263) - Gain on disposal of available-for-sales financial assets 19 (86) - - - Net gain in fair value of other investments measured at fair value 19 (1,560) - (1,560) - Impairment loss on investment in subsidiary 5 - - - 70 Provision for doubtful debts in subsidiary 9 - - 242 248 Operating profit/(loss) before changes in working capital 3,370 3,279 (326) (622) Change in inventories (1,552) (1,300) - - Change in trade and other receivables 1,483 (290) (471) 87 Change in trade and other payables 522 378 604 (60) Cash generated from/(used in) operations 3,823 2,067 (193) (595) Interest paid 16 (54) (49) (52) - Interest received 20 6 15 5 Income tax paid (577) (939) (68) (142) Income tax refund 528 450 - - Net cash generated from/ (used in) operating activities 3,740 1,535 (298) (732) Cash flows from investing activities Acquisition of property, plant and equipment (440) (1,942) - (64) Proceeds from disposal of property, plant and equipment 283 - - - Proceeds from disposal of available-for-sale financial asset 156 - - - Proceeds from disposal of other investments 9,398 - 9,398 - Acquisition of other investments (11,145) - (11,145) - Acquisition of subsidiary - - - (70) Acquisition of non-controlling interests - 30 - - Net cash used in investing activities (1,748) (1,912) (1,747) (134) Statements of cash flows for the year ended 31 December 2017 Annual Report 2017 47