9 10 8 Al Maha Ceramics SAOG Statement of cash flows for the year ended 31 December 2019 (Expressed in Omani Rial) Notes 2019 2018 Operating activities Net profit after tax for the year 1,011,312 1,203,165 Adjustments for: Depreciation 5 766,871 707,899 Amortisation on right-of-use assets 7 50,451 Provision for slow moving inventories 2,279 32,840 Provision for ECL 8,235 Unrealised fair value losses on investments at fair value through profit or loss 2,609 Realised gain on sale of investments at fair value through profit or loss (10,547) (Profit) / loss on sale of property, plant and equipment 20 & 22 (4,100) 31,002 Provision for employees' benefit liabilities 15 38,910 43,291 Finance costs 23 54,668 33,961 Operating profit before working capital changes 1,918,079 2,054,767 Working capital changes Inventories (47,854) 111,139 Trade and other receivables (195,267) (89,601) Trade and other payables (1,011,520) (242,629) Cash generated from operating activities 663,438 1,833,676 Employees benefit liabilities paid (30,838) (21,647) Income tax paid (33,781) Net cash generated from operating activities 598,819 1,812,029 Investing activities Purchase of property, plant and equipment (197,562) (346,012) Proceeds from sale of property, plant and equipment 4,100 8,000 Proceeds from sale of investments at fair value through profit or loss 191,334 Net cash used in investing activities (2,128) (338,012) Financing activities Cash dividend paid 34 1962,500) (1,485,000) Payment of government soft loan (35,714) Net movement in short-term bank borrowings 420,000 80,000 Finance costs paid (30,934) (33,961) Principal paid on lease liabilities (40,178) Interest on lease liabilities (23,734) Net cash used in financing activities (637,346) (1,474,675) Net decrease in cash and cash equivalents (40,655) (658) Cash and cash equivalents, beginning of the year 390,741 391,399 Cash and cash equivalents, end of the year 350,086 390,741 Disclosure as required by IAS 7 "Statement of Cash Flows" has been shown in Note 37 to the financial statements. 15 23 7 7 12 From the cash flow statement total out the cash flow from operating activities for last 3 years. (3 marks) Show the comparison of cash flow statement for last 2 years (4 marks) AL MAHA CERAMICS SAOG STATEMENT OF CASH FLOWS For the year ended 31 December 2017 Notes 2017 RO 2016 RO 2,386,877 Operating activities Profit before taxation Adjustments for Depreciation of property, plant and equipment Loss / (gain) on sale of property, plant and equipment Loss/ (gain) on sale of investments through profit or loss Finance costs Accrual for employee's end of service benefits 1,829,694 655,932 267 1,747 18,226 44,649 2,550,515 653,418 (2,802) (10,425) 30.182 41,028 3,098,278 16 (184,873) (359,930) 1,136,090 (59,136) 581,028 (710,842) 2,909,328 3,141,802 16 (285,865) (9,923) (18,226) 2,827,788 (313,620) (27,450) (30,182) 2,538,076 Working capital changes: Inventories Trade and other receivables Trade and other payables Cash flow generated from operating activities Income tax paid Employees end of the service benefits paid Finance charges Net cash flow generated from operating activities Cash flows from investing activities: Purchase of property, plant and equipment Proceeds from disposal of property and equipment Proceeds from investment at fair value through profit or loss Net cash used in investing activities Cash flows from financing activities Dividend paid Repayment of term loans Short term bank borrowings Net cash used in financing activities (Decrease) / increase in cash and cash equivalents Cash and cash equivalents at 1 January Cash and cash equivalents at 31 December (1,486,574) 8,903 (228,047) 45,584 4,154 (1,477,671) (178,309) 25 (1,837,500) (142,070) (1,587,600) (142,857) (778) (1,731,235) (10) (381,118) 772,517 (1,979,580) 380, 187 392,335 9 391,399 772,517