|
|
Years ended
31 December |
|
Note |
2016 |
2015 |
Operating activities |
|
|
|
Profit before tax |
|
35,830 |
51,550 |
Adjustments to reconcile profit before tax to net cash flows: |
|
|
|
Depreciation |
3.1,3.8 |
51,925 |
48,173 |
Amortisation |
3.2 |
7,881 |
7,313 |
Goodwill impairment |
3.2.3 |
3,400 |
|
Loss on disposal of non-current assets |
|
849 |
913 |
Loss/(gain) on financial instruments, net |
3.4.3 |
235 |
(1,502) |
Foreign exchange (gain)/loss, net |
|
(1,822) |
10,041 |
Share of loss of associates and joint ventures |
3.3 |
2,651 |
649 |
Change in impairment allowance for receivables and
other non-financial assets |
|
2,528 |
2,100 |
Finance costs |
|
19,094 |
14,779 |
Finance income |
|
(1,810) |
(2,508) |
Working capital adjustments: |
|
|
|
Increase in inventory |
|
(669) |
(2,188) |
Increase in trade and other receivables |
|
(2,288) |
(6,405) |
Decrease/(increase) in current non-financial assets |
|
2,055 |
(1,692) |
(Decrease)/increase in trade and other payables |
|
(6,315) |
6,040 |
Decrease in current non-financial liabilities |
|
(812) |
(1,788) |
Change in VAT, net |
|
(1,002) |
(1,121) |
Income tax refunded |
|
19 |
619 |
Income tax paid |
|
(8,791) |
(11,095) |
Net cash flows
from operating activities |
|
102,958 |
113,878 |
Investing
activities |
|
|
|
Purchase of property, equipment and intangible
assets |
|
(57,892) |
(62,956) |
Proceeds from sale of property and equipment |
|
709 |
304 |
Purchase of interest in joint venture and of loans
receivable |
3.3 |
|
(15,759) |
Acquisition of subsidiaries, net of cash acquired |
5.3 |
(62) |
(1,495) |
Escrow cash deposit |
5.3 |
401 |
(690) |
Payment of deferred and contingent consideration |
|
(2,421) |
(9,046) |
Net change in short-term demand deposits |
|
12,461 |
32,033 |
Loans granted |
|
(3,388) |
|
Interest received |
|
1,152 |
2,571 |
Net cash flows
used in investing activities |
|
(49,040) |
(55,038) |
Financing
activities |
|
|
|
Proceeds from borrowings, net of fees paid |
|
125,581 |
68,007 |
Repayment of borrowings |
|
(97,077) |
(75,299) |
Interest paid |
|
(19,219) |
(14,599) |
Dividends paid to equity holders of the Company |
4 |
(45,192) |
(48,038) |
Dividends paid to non-controlling interests |
|
(172) |
(197) |
Lease payments |
|
(27) |
|
Other |
|
|
7 |
Net cash flows
used in financing activities |
|
(36,106) |
(70,119) |
Net increase/(decrease) in cash and cash equivalents |
|
17,812 |
(11,279) |
Net foreign exchange difference |
|
(3,339) |
6,505 |
Cash and cash equivalents at beginning of year |
|
17,449 |
22,223 |
Cash and cash
equivalents at end of year |
3.4.1 |
31,922 |
17,449 |