2021 2020 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) before income tax (expense) benefit 16,884,084,379 (7,683,762,822) 16,028,689,368 (7,003,875,709) Adjustments for: Depreciation and amortisation 8,586,513,253 8,952,100,045 8,604,302,266 8,854,713,925 Interest income (43,627,315) (53,234,780) (48,388,978) (62,004,388) Dividends income (5,126,681) (6,044,605) (154,881,773) (488,291,699) Bad debts and doubtful accounts (reversal) 909,722 (1,488,036) 1,905,015 173,450 Allowance for declining in value of inventories 169,872,719 27,645,077 170,318,568 27,202,013 Loss on exchange rate 567,073,227 416,371,122 567,578,594 416,495,509 Unrealised (gain) loss on fair value of derivatives (102,988,011) 998,736,542 (102,988,011) 998,736,542 Loss on disposals of fixed assets 46,011,857 44,568,202 44,956,588 43,517,484 Loss on write-off of fixed assets - 519,862,332 - 519,862,332 Loss on write-off of intangible assets - 34,428,039 - 34,428,039 Reversal of loss on impairment of investment in a subsidiary - - - (717,602,239) Loss on impairment of fixed assets - 455,695,614 - 455,695,614 Share of profit on investments in associates and joint ventures (712,619,961) (332,669,007) - - Finance costs 1,742,698,953 1,901,587,947 1,750,447,531 1,901,237,227 Employee benefit expenses (income) 260,310,831 (248,157,263) 256,204,203 (252,789,914) Profit from operations before changes in operating assets and liabilities 27,393,112,973 5,025,638,407 27,118,143,371 4,727,498,186 Operating assets (increase) decrease Trade receivables (4,161,454,211) 472,221,757 (4,107,645,505) 439,139,514 Other receivables (332,575,591) (3,407,853) (330,721,466) (3,059,669) Amounts due from related parties (2,768,261,702) 7,708,267 (2,774,492,176) 6,454,981 Inventories (12,767,129,768) 4,798,759,287 (12,655,795,398) 4,801,312,966 Refundable value-added tax (1,943,369,770) 1,047,700,314 (1,936,437,875) 1,049,351,910 Prepaid excise tax 89,410,331 75,692,292 89,410,331 75,692,292 Other current assets 267,898,737 (150,821,232) 257,858,245 (145,044,182) Other non-current assets 163,467,040 - 163,467,040 - Operating liabilities increase (decrease) Trade payables 4,688,863,808 (888,363,436) 4,711,666,259 (927,430,478) Other payables (459,112,151) 1,382,900,117 (461,089,278) 1,387,385,696 Amounts due to related parties (93,132,579) 123,470,270 (96,531,394) 122,754,569 Accrued bonus expenses 795,574,433 (721,704,034) 790,318,262 (712,797,780) Advance receipts for goods 1,070,633,524 63,408,051 1,060,461,270 29,440,651 Other current liabilities 15,922,992 (203,957,877) 1,251,278 (217,166,155) Cash paid for employee benefits (86,858,444) (488,259,650) (83,966,086) (486,963,788) Other non-current liabilities (345,068,194) 662,718,216 (346,660,654) 659,887,110 Cash received from operations 11,527,921,428 11,203,702,896 11,399,236,224 10,806,455,823 Income tax paid (186,131,478) (54,957,259) (138,198,488) (25,658,303) Net cash provided by operating activities 11,341,789,950 11,148,745,637 11,261,037,736 10,780,797,520 IRPC PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2021 Unit : Baht FINANCIAL STATEMENTS CONSOLIDATED SEPARATE FINANCIAL STATEMENTS 299 FINANCIAL STATEMENTS IRPC PUBLIC COMPANY LIMITED
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