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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
(Loss) profit before taxation $ (39,580) $ 4,559 $ (2,238)
Adjustments for:      
Interest income (445) (325) (200)
Finance costs 12,200 6,368 3,897
Depreciation of property, plant and equipment 298 271 281
Depreciation of IPP solar parks 14,272 14,208 9,229
Amortization of intangible assets 44 71 102
Warranty reversal (308) (451) (334)
Share-based compensation (223) 997 1,389
Fair value changes on other non-current liability 39,105 2,957 5,686
Loss on disposal of property, plant and equipment   15 64
Loss on disposal of intangible assets   1 6
Impairment loss on IPP solar parks 5,221 2,151 1,835
Provision on receivables     1,071
Gain on disposal of associates (7,448)    
Share of profit of associates   (173) (149)
Gain on disposal of IPP solar parks   (1,248)  
Gain on disposal of a subsidiary (1,875) (11,768)  
Reversal of provision for other taxes     (6,025)
Hedge ineffectiveness on cash flow hedges and net loss arising on interest rate swap designated as FVTPL (201) 641 585
Unrealized gain from sales to associates   242 2,040
Operating cash flows before movements in working capital 21,060 18,516 17,239
Increase in inventories (271) (32,739) (1,726)
(Increase)/ decrease in trade and other receivables (4,484) (5,962) (11,790)
(Increase)/ decrease in amounts due from other related parties (10,436) 2,145 (2,902)
Increase/ (decrease) in trade and other payables 8,085 (18,249) 5,591
Decrease in amounts due to other related parties (5,893)   (22)
Decrease in amounts due to customers for contract work     (1,194)
Cash generated from/ (used in) operations   (36,289) 5,196
Income taxes paid (9,470) (6,265) (1,403)
Net cash generated from/ (used in) operating activities (1,409) (42,554) 3,793
Investing activities      
Withdrawal of restricted cash 29,850 5,560 5,438
Placement of restricted cash (40,716) (29,850) (5,560)
Collection of advances to other related parties     1,043
Advances to other related parties     (30)
Interest income received 445 325 200
Purchases of property, plant and equipment (375) (349) (327)
Purchases of intangible assets (42) (40) (241)
Payments for IPP solar parks (92,931) (43,581) (100,823)
Proceeds from disposal of property, plant and equipment     56
Proceeds from disposal of intangible assets     180
Proceeds from disposal of IPP solar parks 1,979 4,839  
Investment in associates     (5,692)
Return of investment in associates 9,505 1,554  
Dividends received from associates 427 415  
Disposal of subsidiaries 41,056 4,118 (4,831)
Acquisition of subsidiaries   (1,113)  
Net cash used in investing activities (50,802) (58,122) (110,587)
Financing activities      
Proceeds from bank borrowings 84,865 11,403 47,126
Repayment of bank borrowings (2,164) (4,371) (40,751)
Proceeds from other borrowings 35,059 51,833 46,949
Repayment of other borrowings (25,116) (6,372) (5,470)
Issuance cost of IPO/restricted shares   (153)  
Refund of IPO expense     125
Advances from other related parties     480
Repayment of advances from other related parties     (218)
Changes of financial liabilities   44,000 36,720
Interest paid (12,386) (6,368) (3,897)
Net cash generated from financing activities 80,258 89,972 81,064
Net (decrease)/ increase in cash and cash equivalents 28,047 (10,704) (25,730)
Cash and cash equivalents at beginning of the year 12,518 26,272 52,993
Effects of exchange rate changes on the balance of cash held in foreign currencies 5,519 867 (991)
Cash and cash equivalents at end of the year $ 46,084 $ 12,518 $ 26,272