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Note to Consolidated Statements of Cash Flows (Tables)
12 Months Ended
Dec. 31, 2018
Note to Consolidated Statements of Cash Flows  
Schedule of reconciliation of net (loss)/income for the year to net cash used in operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

 

    

2018

    

2017

    

2016

 

 

 

 

(in US$’000)

 

 

Net (loss)/income

 

(71,286)

 

(22,963)

 

14,557

 

 

Adjustments to reconcile net (loss)/income to net cash used in operating activities

 

 

 

 

 

 

 

 

Amortization of finance costs

 

76

 

147

 

92

 

 

Depreciation and amortization

 

3,590

 

2,578

 

2,341

 

 

Loss on retirement of property, plant and equipment

 

33

 

57

 

30

 

 

Provision for excess and obsolete inventories

 

37

 

(16)

 

163

 

 

Provision for doubtful accounts

 

(202)

 

242

 

(208)

 

 

Share-based compensation expense—share options

 

7,903

 

1,316

 

1,780

 

 

Share-based compensation expense—LTIP

 

2,227

 

3,423

 

1,661

 

 

Equity in earnings of equity investees, net of tax

 

(19,333)

 

(33,653)

 

(66,244)

 

 

Dividends received from equity investees

 

35,218

 

55,586

 

30,528

 

 

Unrealized currency translation loss/(gain)

 

1,515

 

(399)

 

633

 

 

Changes in income tax balances

 

212

 

(756)

 

1,667

 

 

Changes in working capital

 

 

 

 

 

 

 

 

Accounts receivable—third parties

 

(1,564)

 

2,160

 

(7,258)

 

 

Accounts receivable—related parties

 

1,078

 

363

 

(2,354)

 

 

Other receivables, prepayments and deposits

 

(2,385)

 

(6,982)

 

(1,129)

 

 

Amounts due from related parties

 

27

 

220

 

1,157

 

 

Inventories

 

(557)

 

1,049

 

(3,430)

 

 

Long-term prepayment

 

292

 

123

 

361

 

 

Accounts payable

 

1,260

 

(11,173)

 

11,452

 

 

Other payables, accruals and advance receipts

 

16,286

 

5,194

 

7,554

 

 

Deferred revenue

 

(239)

 

(897)

 

(1,668)

 

 

Other deferred income

 

(446)

 

(275)

 

131

 

 

Amounts due to related parties

 

(6,589)

 

(4,287)

 

(1,385)

 

 

Total changes in working capital

 

7,163

 

(14,505)

 

3,431

 

 

Net cash used in operating activities

 

(32,847)

 

(8,943)

 

(9,569)