50

Cash Flow Statement

VITROX CORPORATION BERHAD

[649966-K]

For The Financial Year Ended 31 December 2008

2008

2007

Note

RM

RM

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before tax

4,069,735

2,970,690

Adjustments for:-

Dividend income

(4,185,000)

(3,100,000)

Interest income

(60,854)

(103,982)

Operating loss before working capital changes

(176,119)

(233,292)

(Increase)/Decrease in amount owing by a subsidiary

(775,530)

798,602

Increase in other receivables

(180)

(1,142)

(Decrease)/Increase in non-trade payables

(132,320)

142,903

Cash (absorbed by)/generated from operations

(1,084,149)

707,071

Tax paid

(18,132)

(7,929)

Net cash (used in)/from operating activities

(1,102,281)

699,142

CASH FLOWS FROM INVESTING ACTIVITIES

Decrease/(Increase) in amounts owing by subsidiaries

16,877

(2,238,170)

Dividends received

4,960,000

2,325,000

Interest received

60,854

103,982

Net cash from investing activities

5,037,731

190,812

CASH FLOWS FROM FINANCING ACTIVITY

Dividends paid

(3,875,000)

(2,325,000)

Net cash used in financing activity

(3,875,000)

(2,325,000)

Net increase/(decrease) in cash and cash equivalents

60,450

(1,435,046)

Cash and cash equivalents brought forward

2,080,041

3,515,087

Cash and cash equivalents carried forward

11

2,140,491

2,080,041

The annexed notes form an integral part of these financial statements.