EXCEL FORCE MSC BERHAD Annual Report 2017

53 Group Company 2017 2016 2017 2016 Note RM RM RM RM Cash flows from operating activities Profit before tax 8,112,518 6,974,507 8,012,691 7,426,187 Adjustments for: Amortisation of product development cost 2,060,831 1,773,670 1,489,032 1,352,853 Depreciation of property, plant and equipment 968,452 1,280,898 949,317 1,214,076 Loss/(Gain) on disposal of - property, plant and equipment 30,610 (22,669) 30,610 (22,669) - subsidiary companies 7(e) - (68,938) - (46,738) Impairment loss on trade receivables 12,208 16,117 - - Interest income from: - deposits with licensed banks (30,513) (1,453) (30,513) (1,453) - short term funds (531,957) (468,573) (531,957) (455,944) - amount due from a subsidiary company - - (88,429) (102,391) Property, plant and equipment written off - 96,282 - 96,282 Unrealised loss/(gain) on foreign exchange 89,134 (34,204) 89,134 (34,204) Operating profit before working capital changes 10,711,283 9,545,637 9,919,885 9,425,999 Changes in working capital: Inventories 489 53,148 489 53,148 Trade and other receivables (1,727,334) 3,510,101 (1,513,167) 3,749,422 Trade and other payables 1,055,492 (308,302) 996,679 (577,451) Amount due to a subsidiary company - - (6,343) 251,904 (671,353) 3,254,947 (522,342) 3,477,023 Cash generated from operations 10,039,930 12,800,584 9,397,543 12,903,022 Tax paid (1,626,618) (2,238,605) (1,625,776) (2,233,040) Net cash from operating activities 8,413,312 10,561,979 7,771,767 10,669,982 Statements Of Cash Flows For The Financial Year Ended 31 December 2017