170,735
Trade and other receivables and prepayments
581,500
88,754
Pledged bank deposits
26,000
25,000
3,816
Fixed bank deposits with maturity period over three months
290,000
210,000
Bank balances and cash
616,290
528,203
80,620
Total current assets
1,639,969
1,515,438
231,301
Non-Current Assets
Property, plant and equipment
960,453
993,874
151,695
Right-of-use assets
348,174
345,818
52,782
Deposit paid for acquisition of property, plant and equipment
62,083
3,720
568
Deferred tax assets
117,846
144,540
22,061
Intangible assets
17,000
17,000
2,594
Long term prepayments
12,000
11,000
1,679
Total non-current assets
1,517,556
1,515,952
231,379
Total assets
3,157,525
3,031,390
462,680
EQUITY AND LIABILITIES
Current Liabilities
Trade and other payables and accruals
489,380
491,771
75,059
Bank borrowings
558,000
558,000
85,167
Total current liabilities
1,047,380
1,049,771
160,226
Deferred tax liabilities
70,111
70,230
10,719
Deferred income
5,310
5,111
780
Total non-current liabilities
75,421
75,341
11,499
Total liabilities
1,122,801
1,125,112
171,725
EQUITY
Share capital
136
136
21
Paid in capital
392,076
392,076
59,842
Reserves
1,642,512
1,514,066
231,092
Total equity attributable to owners of the company
2,034,724
1,906,278
290,955
Total equity and liabilities
3,157,525
3,031,390
462,680
China Zenix Auto International Limited
Unaudited Condensed Consolidated Statements of Cash Flows
For the three months and year ended March 31, 2021
(RMB and US$ amounts expressed in thousands)
Three Months Ended
OPERATING ACTIVITIES
March 31, 2021
RMB’ 000
US$’ 000
Loss before taxation
(155,021)
(23,661)
Adjustments for:
Depreciation of right-of-use assets
2,356
360
Depreciation of property, plant and equipment
29,526
4,507
Release of deferred income
(199)
(30)
Finance costs
5,707
871
Loss on disposal of property, plant and equipment
17
3
Interest income
(2,379)
(363)
Operating cash flows before movements in working capital
(119,993)
(18,313)
Increase in inventories
(80,384)
(12,269)
Decrease in trade and other receivables and prepayments
36,763
5,611
Increase in trade and other payables and accruals
2,344
358
Cash used in operations
(161,270)
(24,613)
Interest received
2,532
386
NET CASH USED IN OPERATING ACTIVITIES
(158,738)
(24,227)
INVESTING ACTIVITIES
Purchase of property, plant and equipment
(829)
(127)
Withdrawal of pledged bank deposits
150,000
22,894
Placement of pledged bank deposits
(149,000)
(22,742)
Proceeds on disposal of property, plant and equipment
26
4
Deposits paid for acquisition of property, plant and equipment
(3,720)
(568)
Placement of fixed bank deposits with maturity periods
over three months
(80,000)
(12,210)
Withdrawal of fixed bank deposits with maturity periods
over three months
160,000
24,421
NET CASH FROM INVESTING ACTIVITIES
76,477
11,672
FINANCING ACTIVITIES
New bank borrowings raised
340,000
51,894
Repayment of bank borrowings
(340,000)
(51,894)
Interest paid
(5,738)
(876)
NET CASH USED IN FINANCING ACTIVITIES
(5,738)
(876)
NET DECREASE IN CASH AND CASH EQUIVALENTS
(87,999)
(13,431)
Cash and cash equivalents at beginning of the year
616,290
94,064
Effect of foreign exchange rate changes
(88)
(13)
Cash and cash equivalents at end of the year
528,203
80,620
SOURCE China Zenix Auto International Limited
