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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net profit $ 17,066 $ 338,744
Adjustments to reconcile net profit to net cash generated from operating activities:    
Amortization of right of use asset 4,341 4,434
Depreciation of property, plant and equipment 22,307 10,622
Dividend income (7,230) (1,006)
Fair value loss/(gain) on other investments 3,779 (8,264)
Operating profit before working capital changes 40,263 344,530
Changes in operating assets and liabilities:    
Inventories (126,988) (293,022)
Trade and other receivables 330,316 402,845
Deferred cost of revenue 67,606 0
Trade and other payables (208,629) (299,619)
Advance payment from customer (30,200) 0
Deferred revenue (77,276) 0
Operating lease liabilities (5,007) (6,375)
Tax recoverable (27,924) (32,931)
Cash (used in)/generated from operating activities (37,839) 115,428
Cash flows from investing activities:    
Acquisition of other investment (172,172) (296,025)
Dividend Income (7,230) (1,006)
Purchase of plant and equipment (32,191) (807)
Net cash (used in) from investing activities (197,133) (295,826)
Cash flows from financing activities:    
Repayment of finance lease 0 (8,550)
Net cash used in from financing activities 0 (8,550)
Foreign currency translation adjustment (44,625) (124,085)
NET CHANGE IN CASH AND CASH EQUIVALENTS (279,597) (313,033)
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL YEAR 2,123,919 2,787,692
CASH AND CASH EQUIVALENTS, END OF FINANCIAL YEAR 1,844,322 2,474,659
CASH AND CASH EQUIVALENTS INFORMATION:    
Fixed deposits placed with financial institutions 1,237,472 1,621,461
Cash at bank 606,850 853,198
Supplementary cash flow information:    
Interest paid (3,326) (3,358)
Income taxes paid $ (41,946) $ (36,438)