| Dec'17 | Dec'16 | Dec'15 | Dec'13 | Dec'12 | ||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Loss for the year | ||||||
-14,815 | -11,902 | 1,243 | - | - | ||
Adjustments for: | ||||||
Share-based payment | ||||||
629 | 429 | 0 | - | - | ||
Finance cost | ||||||
96 | 71 | 0 | - | - | ||
Change in fair value of warrant liabilities | ||||||
0 | -3 | -11 | - | - | ||
Interest income | ||||||
-81 | -85 | -92 | - | - | ||
Depreciation of property, plant and equipment | ||||||
1,510 | 1,942 | 2,015 | - | - | ||
Amortization of prepaid lease payments and trademark | ||||||
14 | 19 | 17 | - | - | ||
Amortization of subsidies prepaid to distributors | ||||||
401 | 910 | 1,093 | - | - | ||
Amortization of prepayments and premiums under operating leases | ||||||
105 | 118 | 728 | - | - | ||
Reversal of inventory obsolescence | ||||||
101 | -1 | 0 | - | - | ||
Bad debt provision of trade receivables | ||||||
0 | 331 | 1,028 | - | - | ||
Gain on disposal of property, plant and equipment | ||||||
2 | 1 | 11 | - | - | ||
Provision of impairment loss in prepayments | ||||||
0 | 11,649 | 2,565 | - | - | ||
Operating cash flows before movements in working capital | ||||||
-12,035 | 3,480 | 8,599 | - | - | ||
(Increase)/ decrease in trade and other receivables | ||||||
13,983 | 7,265 | -345 | - | - | ||
Increase in inventories | ||||||
669 | 889 | -2,893 | - | - | ||
(Decrease)/ Increase in trade and other payables | ||||||
522 | -1,080 | 101 | - | - | ||
(Decrease)/ increase in income tax payable | ||||||
-263 | 155 | 1,236 | - | - | ||
Increase in deferred tax assets | ||||||
-4,598 | -3,779 | -908 | - | - | ||
Prepayments and premiums paid under operating leases | ||||||
3,645 | -1,761 | -449 | - | - | ||
Subsidies prepaid to distributors | ||||||
0 | -910 | -1,093 | - | - | ||
CASH (USED IN)/ GENERATED FROM OPERATING ACTIVITIES | ||||||
1,924 | 4,258 | 4,246 | - | - | ||
Income tax paid | ||||||
-2 | -1,064 | -2,012 | - | - | ||
NET CASH USED IN OPERATING ACTIVITIES | ||||||
1,922 | 3,194 | 2,234 | - | - | ||
INVESTING ACTIVITIES | ||||||
Interest received | ||||||
81 | 85 | 92 | - | - | ||
Purchase of property, plant and equipment | ||||||
946 | 40 | 1,020 | - | - | ||
NET CASH FROM INVESTING ACTIVITIES | ||||||
-865 | 45 | -927 | - | - | ||
FINANCING ACTIVITIES | ||||||
Interest paid | ||||||
96 | 71 | 0 | - | - | ||
New bank loans raised | ||||||
1,557 | 1,578 | 0 | - | - | ||
Repayment of borrowings | ||||||
1,557 | 0 | 0 | - | - | ||
Advance from related party | ||||||
387 | 173 | 330 | - | - | ||
Repayment to related party | ||||||
1,386 | 0 | 0 | - | - | ||
NET CASH FROM FINANCING ACTIVITIES | ||||||
-1,095 | 1,679 | 330 | - | - | ||
NET DECREASE IN CASH AND CASH EQUIVALENTS | ||||||
-39 | 4,919 | 1,636 | - | - | ||
Effects of currency translation | ||||||
1,513 | -1,556 | -1,027 | - | - | ||
Net loss | ||||||
- | - | - | -375 | -3,108 | ||
Change in fair value of warrant liability | ||||||
- | - | - | -45 | -3,064 | ||
Interest reinvested into Trust Account | ||||||
- | - | - | 7 | 3 | ||
Prepaid expenses | ||||||
- | - | - | 14 | - | ||
Accounts payable and accrued expenses | ||||||
- | - | - | 110 | 21 | ||
Net cash used in operating activities | ||||||
- | - | - | -243 | -26 | ||
Principal deposited in Trust Account | ||||||
- | - | - | 0 | 57,165 | ||
Net cash used in investing activities | ||||||
- | - | - | 0 | -57,165 | ||
Proceeds from sale of common stock to sponsor | ||||||
- | - | - | 0 | 25 | ||
Proceeds from loan payable - related party | ||||||
- | - | - | 0 | 85 | ||
Repayment of loan payable - related party | ||||||
- | - | - | 35 | 50 | ||
Advance from related party | ||||||
- | - | - | 50 | 95 | ||
Repayment of advance from related party | ||||||
- | - | - | 0 | -76 | ||
Net proceeds from public offering | ||||||
- | - | - | 0 | 53,759 | ||
Proceeds from underwriters unit purchase option | ||||||
- | - | - | 0 | 0 | ||
Gross proceeds from private placement | ||||||
- | - | - | 0 | 3,680 | ||
Payment of offering costs | ||||||
- | - | - | 72 | 0 | ||
Net cash (used in) provided by financing activities | ||||||
- | - | - | -57 | 57,519 | ||
Increase in cash during period | ||||||
- | - | - | -300 | 328 | ||
Accrued offering cost | ||||||
- | - | - | 0 | 72 | ||