ViTrox's

Balance sheet
For years ended 2016,2017,2018
2018 2017 2016
(RM)'000 (RM)'000 (RM)'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax 113,100 86,502 60,920
Adjustments for:
Amortization and depreciation 7,529 6,699 5,108
Amortization of deferred income -1,648 -2,255 -1351
Fair value gains on financial instruments -117 -1,046 3021
Impairment loss on receivables 0 276 579
Gain on disposal of property, plant and equipment -306 0 -536
Impairment losses on financial assets 255 0 0
Interest expense 1,054 42 74
Interest income -4,009 2,590 -953
Inventories written down 5,018 3,430 2,975
Property, plant and equipment written off 1 0 0
Reversal of inventories written down -3,430 -2,975 -2066
Share of associate's loss 65 38 0
Reversal of impairment loss on receivables 0 0 -43
Share-based payments 572 527 442
Unrealized loss/(gain) on foreign exchange 600 -1,577 -9287
Operating profit before working capital changes 118,684 86,795 59,419
Changes in:
Inventories -33,500 -7,093 -9501
Receivables and prepayments -38,440 -27,359 -3264
Payables and advance billings 5,765 19,058 37,550
Derivatives 1,046 -3,021 -158
Cash generated from operations 53,555 68,381 84,046
Tax paid -6,299 -3,956 -3877
Tax refunded 56 2,339 169
Net cash from operating activities 47,312 66,764 80339
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of associate 0 -1,050 0
Grants received 2,521 2,830 314
Interest received 3,992 2,505 952
Proceeds from disposal of property, plant and
equipment 306 0 5
Purchase of property, plant and equipment -28,124 -46,534 -59,228
Subscription for shares in associate -2,100 0 0
Net cash used in investing activities -23,405 -42,249 -57,957
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid -21,157 -15,256 -11,688
Drawdown of term loans 0 35,299 29000
Interest paid -1,908 -1,056 -349
Issue of shares 974 1,442 1701
Repayment of term loans -3,216 -4,103 -3,210
Share issue transaction costs paid 0 -96 0
Withdrawal/(Placement) of term deposits pledged as
security 0 29 -1
Net cash from financing activities -25,307 16,259 15454
Currency translation differences -439 -279 8,285
Net (decrease)/increase in cash and cash equivalents -1,839 40,495 46120
Cash and cash equivalents brought forward 150,572 110,077 63,957
Cash and cash equivalents carried forward 148,733 150,572 110077