Page 123 - Mono Technology Public Company Limited : Annual Report 2013

Statement of cash flows

Mono Technology Public Company Limited and its subsidiaries

For the year ended 31 December 2013

(Unit: Baht)

Consolidated financial Separate financial
statements statements
Note 2013 2012 2013 2012

Cash flows from operating activities
Profit before tax 540,194,968 669,721,552 608,158,873 642,300,087
Adjustments to reconcile profit before tax to
net cash provided by (paid from) operating activities
Depreciation 36,716,102 29,196,847 19,566,362 17,720,149
Amortisation 22,710,579 7,003,104 2,265,589 1,373,807
Allowance for impairment loss of intangible assets - 3,191,644 - -
Doubtful accounts 645,227 351,376 363,276 358,440
Reduction of inventory to net realisable value 2,551,481 1,782,569 - -
Dividend income from investments in subsidiaries - - (348,786,920) (464,264,212)
Losses (gains) on sales of equipment (255,687) 10,115 11,290 311,423

Losses on sales and written-off of intangible assets 296,186 10,530,036 - 2,959
Written off withholding tax - 1,720,934 - -
Unrealised losses (gains) on exchange 7,168 (21,831) (164,881) 1,277,370
Provision for employee benefits 3,225,086 10,899,270 1,208,262 6,360,502
Interest income (37,087,182) (595,906) (38,650,565) (1,062,338)
Interest expenses 2,565,404 3,703,711 1,603,906 4,670,080
Profit from operating activities before changes
in operating assets and liabilities 571,569,332 737,493,421 245,575,192 209,048,267
Operating assets (increase) decrease
Trade and other receivables (14,203,232) (78,500,012) (18,215,862) (82,995,169)
Inventories (3,436,577) (3,929,331) - -
Prepaid expenses (13,740,081) (5,217,669) (5,043,606) (2,927,135)
Other non-current assets (116,367,850) (3,545,524) 1,791,027 2,004,585
Operating liabilities increase (decrease)

Trade and other payables (2,205,106) 9,185,446 (120,278,887) 23,244,839
Other current liabilities (2,842,128) (934,561) (376,496) 1,071,272
Cash from operating activities 418,774,358 654,551,770 103,451,368 149,446,659
Cash paid for corporate income tax (72,527,407) (98,841,963) (64,631,177) (62,276,622)
Cash received from withholding tax refund 4,092,196 2,135,198 - -
Net cash from operating activities 350,339,147 557,845,005 38,820,191 87,170,037

The accompanying notes are an integral part of the financial statements.

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