Company: KMRK
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001213900-25-000267
Chunk: 101

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-01-02
Form: DRS
Chunk 101
---
085 | ) |
| Effect of foreign exchange rate on cash              |     |      7,477 |   |     |   (8,247 | ) |
| Net increase (decrease) in cash and cash equivalents |     |  3,048,458 |   |     | (847,914 | ) |

57 Cash provided by (used in) operating activities Our cash inflow from operating activities was principally receipt of payments for our design, development, testing and sales of diverse portfolio of toy products, whereas our outflow from operating activities is principally for materials payable to suppliers, payment of salaries and employee benefits, rental expenses and general and administrative expenses. Net cash provided by (used in) operating activities reflects our net income adjusted for non -cashitems, including non -cashoperating lease expense, depreciation, deferred tax expenses, reversal of credit loss, and changes in working capital items including accounts receivable, prepayment and other deposits, accounts payable, accrued expenses and other payables, income taxes payable. For the year ended March31, 2024, net cash provided by operating activities amounted to approximately US$5.44million. Cash provided by operations was primarily attributable to net income of approximately US$0.93million, adjusted by an increase in accounts receivables of approximately US$0.54million, an increase in accounts payables of approximately US$2.0million, and an increase in amounts due to related parties of approximately US$1.8million. For the year ended March31, 2023, net cash used in operating activities amounted to approximately US$0.23million. Cash provided by operations was primarily attributable to net income of approximately US$0.25million, adjusted by a decrease in account receivables of approximately US$0.67million, and an increase in account payables of approximately US$0.12million. Cash provided by (used in) investing activities For the year ended March31, 2024, cash provided by investing activities was approximately US$66,403. Cash provided by interest received approximately US$66,403. For the year ended March31, 2023, cash used in investing activities was approximately US$89,799. Cash used in purchase of fixed assets of approximately US$91,385. Cash used in financing activities For the year ended March31, 2024, cash used in financing activities amounted to approximately US$2.5million, which consisted of proceeds from bank loans of approximately US$0