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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Profit before tax $ 7,725 $ 1,106 $ 11,332
Adjustments to reconcile profit before tax to net cash provided by operating activities:      
Depreciation 5,340 5,274 4,936
Impairment of property, plant and equipment 202 546 11
Amortization of prepaid land lease payments 0 0 38
Amortization of intangible assets 62 50 44
Gain on disposal of property, plant and equipment (239) (88) (93)
Adjustment for (gain) loss on fair value of derivatives (3) (146) 2
Dividend income (108) (109) (105)
Finance income (320) (506) (482)
Finance costs 744 1,012 1,378
Share of loss of associates 1 3 3
Impairment (reversal of impairment) for trade receivables 124 (122) 570
(Reversal of impairment) impairment for trade receivables for related parties (11) 0 1
(Reversal of impairment) impairment of other receivable (80) 30 53
(Write-back of impairment) impairment of inventories (240) (322) 1,613
Unrealized foreign exchange difference, net 411 (503) (742)
Noncash other operating income (60) 0 0
Changes in operating assets and liabilities      
Trade and other receivable, net (1,899) 16,031 27,993
Contract assets (5,242) (3,160) (1,317)
Inventories (8,828) 3,166 10,339
Prepayment and other current assets (1,928) 484 133
Amounts due to/from related parties 2,777 1,177 (1,422)
Other non-current assets 42 (238) (55)
Trade and other payables, accruals, other current liabilities and other non-current liabilities 19,917 (5,527) (8,518)
Net cash flows provided by operating activities 18,387 18,158 45,712
Dividend received 108 109 105
Interest received 1,199 457 405
Interest paid (613) (894) (1,216)
Income tax paid (2,706) (2,690) (4,357)
Net cash provided by operating activities 16,375 15,140 40,649
Investing activities:      
Purchases of property, plant and equipment (14,537) (5,442) (4,441)
Purchases of intangible assets (67) (20) (67)
Purchases of investment properties (1,762) 0 0
Purchases of long-term bank deposits (610) (272) (410)
Purchases of short-term bank deposits (3,617) (835) 0
Proceeds from disposal of property, plant and equipment 297 171 100
Net cash used in by investing activities (20,296) (6,398) (4,818)
Financing activities:      
Dividend paid to non-controlling shareholders of subsidiaries (1,208) (2,763) (2,206)
Dividend paid to company's shareholders 0 0 (1,106)
Repayments of borrowings (5,037) (19,811) (25,737)
Repayments of borrowings - related parties (639) 0 0
Proceeds from borrowings 3,531 5,349 9,517
Proceeds from borrowings - related parties 6,000 0 0
Change in financial lease liabilities 0 0 (46)
Principal elements of lease payments (586) (426) 0
Effect from the changes in shareholding percentage in subsidiary 0 (298) 0
Net cash provided by (used in) financing activities 2,061 (17,949) (19,578)
Effect of exchange rate 424 2,102 (1,568)
Net (decrease) increase in cash and cash equivalents (1,436) (7,105) 14,685
Cash and cash equivalents at beginning of year 53,673 60,778 46,093
Cash and cash equivalents at end of year $ 52,237 $ 53,673 $ 60,778