Group
2015
2014
US$’000
US$’000
Operating activities
Profit before tax
5,205
16,443
Adjustments for:
Depreciation of property, plant and equipment
24,241
23,810
Depreciation of investment properties
26
25
Gain on disposal of property, plant and equipment
(863)
(227)
Gain on disposal of assets held for sale (vessels)
(35)
–
Net gain on disposal of investments at fair value through
profit or loss - investment securities
(70)
(101)
Finance costs
2,230
2,674
Finance income
(350)
(278)
Allowance for doubtful trade debts
385
607
Write off of amount due from related company
388
–
Write-back of doubtful trade debts
(166)
(297)
Share of results of associate
(1,248)
(1,245)
Impairment of property, plant and equipment (vessels)
11,075
3,326
Impairment of assets held for sale (vessels)
2,664
–
Property, plant and equipment written off
6
166
Net foreign exchange gain
(1,357)
(779)
Operating cash flows before movements in working capital
42,131
44,124
Trade receivables
(3,454)
8,422
Other receivables and deposits
671
3,538
Prepaid operating expenses
(32)
3,263
Due from immediate holding company
(3,492)
(141)
Due from related companies
(899)
42
Inventories
577
1,453
Trade payables
(1,071)
(11,542)
Other payables and liabilities
(2,542)
2,886
Due to related companies
(358)
(285)
Due to immediate holding company
129
(1,419)
Cash generated from operations
31,660
50,341
Interest paid
(2,230)
(2,674)
Income tax paid
(1,285)
(1,111)
Net cash from operating activities
28,145
46,556
CONSOLIDATED STATEMENT
OF CASH FLOWS
Year ended December 31, 2015
64
FOCUSED & RESILIENT
SAMUDERA SHIPPING LINE LTD
ANNUAL REPORT 2015
