Page 108 - Annual Report 2020
P. 108
/ 103 QF CR A ANNU AL REP OR T 2020
Statement of Cash Flows as of 31 December 2020
Operating activities
Notes 2020 | USD’000 2019 | USD’000 Notes 2020 | USD’000 2019 | USD’000
(Shortage)/excess of income over expenses 12 (34,645) 16,907 Working capital changes
for the year before appropriations
Accounts receivable and prepayments (6,723) (56,975)
Adjustments for:
Accounts payable and accruals (434) 984
Depreciation of furniture and equipment 4 25 52
Cash flows used in operating activities (33,153) (37,858)
Depreciation of right-of-use asset 6 792 134
Amortisation of intangible assets 5 (33) 405
Interest received 978 877
Loss allowance on financial assets 16 6,911 (5)
End of service benefit paid 10 (704) (272)
Provision for employees’ end of service benefits 1,574 1,568
Finance cost paid (66) (12)
Loss on disposal of right-of-use of assets 3 -
Net cash flows used in operating activities (32,945) (37,265)
Interest income (689) (940)
Finance cost 66 12 Investing activities
(25,996) 18,133
Acquisition of furniture and equipment 4 (5) (14)
Acquisition of intangible assets 5 (77) (53)
Net cash flows used in investing activities (82) (67)
T ABLE OF C ONTENT S
