| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
(Loss) profit before taxation | ||||||
-39,580 | 4,559 | -2,238 | ||||
Adjustments for: | ||||||
Interest income | ||||||
445 | 325 | 200 | ||||
Finance costs | ||||||
12,200 | 6,368 | 3,897 | ||||
Depreciation of property, plant and equipment | ||||||
298 | 271 | 281 | ||||
Depreciation of IPP solar parks | ||||||
14,272 | 14,208 | 9,229 | ||||
Amortization of intangible assets | ||||||
44 | 71 | 102 | ||||
Warranty reversal | ||||||
308 | 451 | 334 | ||||
Share-based compensation | ||||||
-223 | 997 | 1,389 | ||||
Fair value changes on other non-current liability | ||||||
39,105 | 2,957 | 5,686 | ||||
Loss on disposal of property, plant and equipment | ||||||
- | -15 | -64 | ||||
Loss on disposal of intangible assets | ||||||
- | -1 | -6 | ||||
Impairment loss on IPP solar parks | ||||||
5,221 | 2,151 | 1,835 | ||||
Provision on receivables | ||||||
- | - | 1,071 | ||||
Gain on disposal of associates | ||||||
7,448 | - | - | ||||
Share of profit of associates | ||||||
- | 173 | 149 | ||||
Gain on disposal of IPP solar parks | ||||||
- | 1,248 | - | ||||
Gain on disposal of a subsidiary | ||||||
1,875 | 11,768 | - | ||||
Reversal of provision for other taxes | ||||||
- | - | -6,025 | ||||
Hedge ineffectiveness on cash flow hedges and net loss arising on interest rate swap designated as FVTPL | ||||||
201 | -641 | -585 | ||||
Unrealized gain from sales to associates | ||||||
- | -242 | -2,040 | ||||
Operating cash flows before movements in working capital | ||||||
21,060 | 18,516 | 17,239 | ||||
Increase in inventories | ||||||
-271 | -32,739 | -1,726 | ||||
(Increase)/ decrease in trade and other receivables | ||||||
-4,484 | -5,962 | -11,790 | ||||
(Increase)/ decrease in amounts due from other related parties | ||||||
-10,436 | 2,145 | -2,902 | ||||
Increase/ (decrease) in trade and other payables | ||||||
8,085 | -18,249 | 5,591 | ||||
Decrease in amounts due to other related parties | ||||||
-5,893 | - | -22 | ||||
Decrease in amounts due to customers for contract work | ||||||
- | - | -1,194 | ||||
Cash generated from/ (used in) operations | ||||||
- | -36,289 | 5,196 | ||||
Income taxes paid | ||||||
-9,470 | -6,265 | -1,403 | ||||
Net cash generated from/ (used in) operating activities | ||||||
-1,409 | -42,554 | 3,793 | ||||
Investing activities | ||||||
Withdrawal of restricted cash | ||||||
29,850 | 5,560 | 5,438 | ||||
Placement of restricted cash | ||||||
40,716 | 29,850 | 5,560 | ||||
Collection of advances to other related parties | ||||||
- | - | 1,043 | ||||
Advances to other related parties | ||||||
- | - | 30 | ||||
Interest income received | ||||||
445 | 325 | 200 | ||||
Purchases of property, plant and equipment | ||||||
375 | 349 | 327 | ||||
Purchases of intangible assets | ||||||
42 | 40 | 241 | ||||
Payments for IPP solar parks | ||||||
92,931 | 43,581 | 100,823 | ||||
Proceeds from disposal of property, plant and equipment | ||||||
- | - | 56 | ||||
Proceeds from disposal of intangible assets | ||||||
- | - | 180 | ||||
Proceeds from disposal of IPP solar parks | ||||||
1,979 | 4,839 | - | ||||
Investment in associates | ||||||
- | - | 5,692 | ||||
Return of investment in associates | ||||||
9,505 | 1,554 | - | ||||
Dividends received from associates | ||||||
427 | 415 | - | ||||
Disposal of subsidiaries | ||||||
-41,056 | -4,118 | 4,831 | ||||
Acquisition of subsidiaries | ||||||
- | 1,113 | - | ||||
Net cash used in investing activities | ||||||
-50,802 | -58,122 | -110,587 | ||||
Financing activities | ||||||
Proceeds from bank borrowings | ||||||
84,865 | 11,403 | 47,126 | ||||
Repayment of bank borrowings | ||||||
2,164 | 4,371 | 40,751 | ||||
Proceeds from other borrowings | ||||||
35,059 | 51,833 | 46,949 | ||||
Repayment of other borrowings | ||||||
25,116 | 6,372 | 5,470 | ||||
Issuance cost of IPO/restricted shares | ||||||
- | 153 | - | ||||
Refund of IPO expense | ||||||
- | - | 125 | ||||
Advances from other related parties | ||||||
- | - | 480 | ||||
Repayment of advances from other related parties | ||||||
- | - | 218 | ||||
Changes of financial liabilities | ||||||
- | 44,000 | 36,720 | ||||
Interest paid | ||||||
12,386 | 6,368 | 3,897 | ||||
Net cash generated from financing activities | ||||||
80,258 | 89,972 | 81,064 | ||||
Net (decrease)/ increase in cash and cash equivalents | ||||||
28,047 | -10,704 | -25,730 | ||||
Effects of exchange rate changes on the balance of cash held in foreign currencies | ||||||
5,519 | 867 | -991 | ||||