XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
USD ($)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
USD ($)
Dec. 31, 2016
CNY (¥)
Cash flows from operating activities:            
Net income / (loss) attributable to the Company | $ $ 88   $ 473   $ 231  
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:            
Depreciation of property, plant and equipment | $ 60   61   55  
Gain (loss) on sale/disposal of property, plant and equipment | $ (3)   0   (7)  
Net gain on disposal of affiliate | $ (1,522)   0   0  
Net gain on deemed disposal of affiliate | $ 0   (128)   (24)  
Non-controlling interests in (loss) of subsidiaries | $ (149)   (106)   (73)  
Equity in loss / (profit) of affiliates | $ 932   (831)   (1,002)  
Deferred tax expense (credit) | $ 34   28   16  
Decrease / (increase) in current assets:            
Receivables, net | $ (1,281)   585   107  
Prepayments and other current assets | $ 119   (194)   (116)  
Contract assets | $ (705)   149   (199)  
Inventories | $ 95   (152)   213  
Increase / (decrease) in current liabilities:            
Accounts payable | $ 1,220   507   119  
Other payables and accrued expenses | $ 249   (181)   632  
Contract liabilities | $ (350)   644   0  
Taxes payable | $ (132)   (203)   201  
Net cash (used in) / provided by operating activities | $ (1,345)   652   153  
Cash flows from investing activities:            
Purchase of property, plant and equipment | $ (85)   (18)   (60)  
Sales proceeds from disposal of property, plant and equipment | $ 3   0   10  
Dividend received from affiliates | $ 276   290   249  
Net proceeds on disposal of affiliate | $ 4,889   0   0  
Net cash provided by / (used in) investing activities | $ 5,083   272   199  
Cash flows from financing activities:            
Dividend paid | $ (1,443)   0   0  
(Decrease) / increase in bank borrowings | $ (97)   (623)   720  
Net cash (used in) / provided by financing activities | $ (1,540)   (623)   720  
Effect of exchange rate changes on cash and cash equivalents | $ (53)   116   8  
Net increase / (decrease) in cash, cash equivalents and restricted cash | $ 2,145   417   1,080  
Cash, cash equivalents and restricted cash, beginning of year | $ 4,452   4,035   2,955  
Cash, cash equivalents and restricted cash, end of year | $ 6,597   4,452   4,035  
Cash breakdown            
Cash and cash equivalents | $ 3,380   3,380   3,751  
Cash, cash equivalents and restricted cash, end of year | $ 4,452   4,452   4,035  
Cash and cash equivalents, beginning of year | $ 3,380   3,751   2,480  
Cash and cash equivalents, end of year | $ 5,267   3,380   3,751  
Supplemental disclosure of cash flow information:            
Income taxes paid | $ 0   203   70  
Interest paid | $ 7   11   13  
Supplemental disclosure of non-cash activities:            
Net gain on deemed disposal of affiliate | $ 0   128   24  
ZHEJIANG TIANLAN            
Cash flows from operating activities:            
Net income / (loss) attributable to the Company   ¥ (26,227)   ¥ 26,215   ¥ 22,642
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:            
Depreciation of property, plant and equipment   11,755   12,647   14,144
Amortisation of intangible asset   152   152   575
Amortisation of land use right   149   149   149
Gain (loss) on sale/disposal of property, plant and equipment   0   0   15
Impairment loss on property, plant and equipment   33,500   0   0
Bad debts written off   13,946   0   0
Property, plant and equipment written off   6   0   0
Deferred tax expense (credit)   (7,969)   (405)   (1,337)
Other non-current asset   0   0   (17,512)
Decrease / (increase) in current assets:            
Receivables, net   12,987   (15,418)   42,807
Prepayments and other current assets   1,403   9,890   (18,353)
Contract assets   18,262   (48,470)   26,859
Other tax receivables   0   215   (215)
Inventories   3,154   (2,012)   (994)
Increase / (decrease) in current liabilities:            
Accounts payable   (20,785)   9,490   (59,042)
Other payables and accrued expenses   (3,295)   3,715   1,932
Other taxes payable   22   3,596   (933)
Income tax payable   (8,796)   1,520   2,268
Contract liabilities | $ $ (11,731)   $ 17,552   $ 8,476  
Net cash (used in) / provided by operating activities   16,533   18,836   21,481
Cash flows from investing activities:            
Purchase of intangible asset   (8)   0   (402)
Purchase of property, plant and equipment   (913)   (3,535)   (3,368)
Payment for long term investments   (111)   (1,991)   0
Sales proceeds from disposal of long term investments   133   0   0
Sales proceeds from disposal of subsidiaries   7,717   0   1,000
Sales proceeds from disposal of property, plant and equipment   121   249   1,100
Net cash provided by / (used in) investing activities   6,939   (5,277)   (1,670)
Cash flows from financing activities:            
Proceeds from issuance of shares   2,450   7,800   3,360
(Decrease) / increase in bank borrowings   (53,000)   (48,000)   (70,000)
Proceeds from bank borrowings   65,000   56,000   50,000
Dividend paid to shareholders   (9,908)   (9,496)   (9,220)
(Repayment of) / proceeds from borrowings   (28,615)   (27,623)   3,959
Net cash (used in) / provided by financing activities   (24,073)   (21,319)   (21,901)
Cash breakdown            
Cash and cash equivalents   25,785   25,785   33,545
Net (decrease) / increase in cash and cash equivalents   (601)   (7,760)   (2,090)
Cash and cash equivalents, beginning of year   25,785   33,545   35,635
Cash and cash equivalents, end of year   25,184   25,785   33,545
Supplemental disclosure of cash flow information:            
Income taxes paid   9,843   4,961   4,245
Interest paid   ¥ 2,924   ¥ 1,966   ¥ 1,577