52
GDS Global Limited Annual Report 2015
CONSOLIDATED STATEMENT OF
CASH FLOWS
For the financial year ended 30 September 2015
See accompanying notes to financial statements.
Group
2015
2014
$
$
Operating activities
Profit before income tax
3,663,083
5,014,131
Adjustments for:
Interest income
(16,353)
(15,676)
Finance costs
609
5,140
Depreciation of property, plant and equipment
338,430
299,945
Amortisation of intangible asset
94,335
94,336
Gain on disposal of property, plant and equipment
(37,646)
(15)
Operating cash flows before movements in working capital
4,042,458
5,397,861
Inventories
64,838
448,182
Trade and other receivables
241,613
(2,129,997)
Trade and other payables
(1,395,219)
1,607,398
Cash generated from operations
2,953,690
5,323,444
Income tax paid
(541,211)
(38,125)
Net cash from operating activities
2,412,479
5,285,319
Investing activities
Purchase of property, plant and equipment
(1,338,427)
(802,494)
Increase in pledged bank deposits
(130,805)
–
Advance of loan to a third party
(503,750)
–
Proceeds from disposal of property, plant and equipment
66,913
24,194
Interest received
16,353
15,676
Net cash used in investing activities
(1,889,716)
(762,624)
Financing activities
Dividends paid
(1,456,000)
(784,000)
Repayment of bank borrowings
(5,813)
(183,136)
Repayment of obligations under finance leases
(3,480)
(19,986)
Capital contribution from non-controlling interests in a subsidiary
284,850
–
New bank loans raised
654,000
–
Interest paid
(609)
(5,140)
Net cash used in financing activities
(527,052)
(992,262)
Net (decrease) increase in cash and cash equivalents
(4,289)
3,530,433
Cash and cash equivalents at beginning of year
8,098,806
4,568,373
Cash and cash equivalents at end of year (Note 6)
8,094,517
8,098,806
