Ni Hsin Berhad Annual Report 2018

Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cash flows from operating activities Profit before tax 1,769 2,593 1,892 1,653 Adjustments for: Depreciation of property, plant and equipment 3 2,354 2,528 39 38 Depreciation of investment property 4 27 27 27 27 Dividend income (148) - (148) (500) Finance costs 16 60 54 - 52 Finance income (81) (20) (74) (15) Gain on disposal of other investment 18 (1,185) (263) (1,185) (263) Gain on disposal of available-for-sales financial assets 18 - (86) - - Impairment loss on investment in subsidiary 6 - - 2,916 - Loss/(Gain) on unrealised foreign exchange 18 (13) 44 - - Loss/(Gain) on disposal of property, plant and equipment 18 29 (8) 89 - Net gain in fair value of other investments measured at fair value 18 (4,854) (1,560) (4,854) (1,560) Property, plant and equipment written off 18 40 61 - - Provision for doubtful debts in subsidiaries 10 - - 137 242 Operating (loss)/profit before changes in working capital (2,002) 3,370 (1,161) (326) Change in inventories (417) (1,552) - - Change in trade and other receivables (740) 1,483 111 (471) Change in trade and other payables (1,750) 522 (623) 604 Cash (used in)/generated from operations (4,909) 3,823 (1,673) (193) Interest paid 16 (60) (54) - (52) Interest received 81 20 74 15 Income tax paid (616) (577) (54) (68) Income tax refund - 528 - - Net cash (used in)/generated from operating activities (5,504) 3,740 (1,653) (298) Cash flows from investing activities Acquisition of property, plant and equipment (1,440) (440) - - Dividend received 148 - 148 500 Proceeds from disposal of property, plant and equipment 229 283 69 - Proceeds from disposal of available-for-sale financial asset - 156 - - Proceeds from disposal of other investments 9,986 9,398 9,986 9,398 Acquisition of other investments (12,344) (11,145) (12,344) (11,145) Net cash used in investing activities (3,421) (1,748) (2,141) (1,247) Statements of cash flows for the year ended 31 December 2018 Annual Report 2018 47