INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
71.
Note
2015
2014
Rp million
Rp million
Cash flows from operating activities
Profit before tax
697,751
2,032,490
Adjustments for:
Depreciation and amortisation
8
936,956
813,387
Realisation of deferred costs
13
176,578
143,427
Unrealised foreign exchange loss
318,728
85,163
Loss on disposal of biological assets
7
135
2,413
Provision for impairment and amortised cost adjustments of
plasma receivables
31(a)
42,378
45,711
Write-off of property and equipment
7
1,253
2,113
Gain on disposal of property and equipment
6
(1,725)
(7,176)
Allowance for decline in market value and obsolescence of inventories
6,7,22
3,189
21,970
Bad debt expense
–
850
Write-back of allowance of doubtful debts
8,23
–
(749)
Loss/(gain) arising from changes in fair value of biological assets
13
19,851
(59,592)
Changes in provision for asset dismantling costs
7,27
2,279
2,566
Provision for employee benefits
28
223,757
278,317
Changes in fair value of long-term receivables
(156)
191
Share of results of associate companies
60,133
149,883
Share of results of a joint venture
171,889
(28,918)
Finance income
9
(140,848)
(253,590)
Finance expense
10
694,150
757,365
Operating cash flows before changes in working capital
3,206,298
3,985,821
Changes in working capital:
Decrease in other non-current assets
15,510
103,686
Increase in inventories
(166,592)
(226,803)
(Increase)/decrease in trade and other receivables
(38,922)
72,032
Decrease in advances and prepayments
18,727
129,930
Increase/(decrease) in prepaid taxes, advances and taxes payable
10,819
(93,426)
(Decrease)/increase in trade and other payables and accruals
(118,314)
35,597
Cash flows from operations
2,927,526
4,006,837
Interest received
124,057
234,002
Interest paid
(698,882)
(733,566)
Income tax paid
(634,351)
(724,677)
Net cash flows from operating activities
1,718,350
2,782,596
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For the financial year ended 31 December 2015
