Maxis Berhad | Annual Report 2013

Maxis Berhad | Annual Report 2013 82 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 The notes on pages 84 to 167 form part of these financial statements. GROUP COMPANY NOTE 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit for the financial year 1,772,255 1,860,519 1,768,151 2,337,652 Adjustments for: Allowance for: - impairment of property, plant and equipment 81,971 – – – - impairment of receivables, deposits and prepayments 109,331 117,149 – – - inventories obsolescence 20,276 9,812 – – Amortisation of intangible assets 265,163 180,030 – – Bad debts recovered (18,045) (17,030) – – Depreciation of property, plant and equipment 1,101,287 1,182,586 – – Dividend income – – (2,079,000) (2,606,000) ESOS expense 4,353 2,427 – – Finance costs 358,076 338,663 354,398 333,966 Finance income (29,361) (51,057) (66,729) (88,506) Gain on disposal of property, plant and equipment (960) – – – Property, plant and equipment written off 37,712 132,835 – – Provision for: - Career Transition Scheme (“CTS”) costs 40,712 – – – - contract obligations and legal claims 64,820 4,100 – – - site rectification and decommissioning works 191 – – – - staff incentive scheme 38,745 50,092 – – Reversal of allowance for: - impairment of receivables, deposits and prepayments (25,576) (20,072) – – - inventories obsolescence (19,687) (6,578) – – Tax expenses 724,220 716,041 1,142 1,556 Unrealised loss/(gain) on foreign exchange 14,475 (4,862) – – Write-back of provision for: - contract obligations and legal claims (7,292) – – – - site rectification and decommissioning works (1,599) (1,440) – – - staff incentive scheme (18,300) (9,017) – – 4,512,767 4,484,198 (22,038) (21,332) Payment for CTS costs 28 (21,343) – – – Payment for contract obligations and legal claims 28 (1,800) – – – Payment under staff incentive scheme 28 (31,881) (36,401) – – Payments for site rectification and decommissioning works 28 (1,619) (2,369) – – Payment for ESOS – Equivalent Cash Consideration – (5,064) – – Operating cash flows before working capital changes 4,456,124 4,440,364 (22,038) (21,332) Changes in working capital: Inventories 18,795 (10,815) – – Receivables (90,350) (143,165) 92 396 Payables (198,213) (224,940) (75) (950) Related parties balances (13,293) 6,213 – – Fellow subsidiaries balances 5,293 (1,891) – – Penultimate holding company balances 144 5,036 (35) (1) Subsidiaries balances – – 1,939 200 Cash flows from/(used in) operations 4,178,500 4,070,802 (20,117) (21,687)