• Entity registrant name: KBS Fashion Group Ltd (CIK: 0001546383)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/0001213900-18-005204-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/kbsf-20171231.xml
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    Component: (Network and Table)
    Network
    005 - Statement - Consolidated Statements of Cash Flows
    (http://www.kbsfashiongroupldt.co/role/ConsolidatedStatementsOfCashFlows)
    Table (Implied)
    Slicers (applies to each fact value in each table cell)
    Reporting Entity [Axis] 0001546383 (http://www.sec.gov/CIK)
    Statement of cash flows [abstract] Period [Axis]
    2017-01-01 - 2017-12-31
    2016-01-01 - 2016-12-31
    2015-01-01 - 2015-12-31
    Statement of cash flows [abstract]
     
     
     
    OPERATING ACTIVITIES
     
     
     
    (Loss)/profit for the year
    (14,815,596) 
    (11,902,687) 
    1,243,670  
    Adjustments for:
     
     
     
    Share-based payment
    629,950  
    429,000  
    xsi:nil  
    Finance cost
    96,385  
    71,783  
    xsi:nil  
    Change in fair value of warrant liabilities
    xsi:nil  
    (3,409) 
    (11,978) 
    Interest income
    (81,517) 
    (85,482) 
    (92,747) 
    Depreciation of property, plant and equipment
    1,510,213  
    1,942,735  
    2,015,437  
    Amortization of prepaid lease payments and trademark
    14,307  
    19,009  
    17,061  
    Amortization of subsidies prepaid to distributors
    401,259  
    910,537  
    1,093,036  
    Amortization of prepayments and premiums under operating leases
    105,340  
    118,783  
    728,996  
    Provision/ (reversal) of inventory obsolescence
    101,256  
    (1,667) 
    342  
    Bad debt provision of trade receivables
    xsi:nil  
    331,196  
    1,028,439  
    Gain on disposal of property, plant and equipment
    2,418  
    1,441  
    11,412  
    Provision of impairment loss in prepayments
    xsi:nil  
    11,649,038  
    2,565,334  
    Operating cash flows before movements in working capital
    (12,035,985) 
     
    3,480,277  
     
    8,599,002  
     
    Decrease/ (increase) in trade and other receivables
    13,983,781  
    7,265,940  
    (345,348) 
    Decrease/ (increase) in inventories
    669,923  
    889,384  
    (2,893,284) 
    Increase in trade and other payables
    522,839  
    (1,080,978) 
    101,240  
    (Decrease)/ increase in income tax payable
    (263,333) 
    155,632  
    1,236,921  
    Increase in deferred tax assets
    (4,598,061) 
    (3,779,923) 
    (908,889) 
    Prepayments and premiums paid under operating leases
    3,645,471  
    (1,761,155) 
    (449,935) 
    Subsidies prepaid to distributors
    xsi:nil  
    (910,537) 
    (1,093,036) 
    CASH GENERATED FROM OPERATING ACTIVITIES
    1,924,635  
     
    4,258,640  
     
    4,246,671  
     
    Income tax paid
    (2,385) 
    (1,064,351) 
    (2,012,038) 
    NET CASH FROM OPERATING ACTIVITIES
    1,922,250  
     
    3,194,289  
     
    2,234,633  
     
    INVESTING ACTIVITIES
     
     
     
    Interest received
    81,517  
    85,482  
    92,747  
    Prepayment for construction of new plant
    		      
    Purchase of property, plant and equipment
    (946,882) 
    (40,037) 
    (1,020,623) 
    NET CASH (USED IN)/FROM INVESTING ACTIVITIES
    (865,365) 
     
    45,445  
     
    (927,876) 
     
    FINANCING ACTIVITIES
     
     
     
    Interest paid
    (96,385) 
    (71,783) 
    xsi:nil  
    New bank loans raised
    1,557,336  
    1,578,289  
    xsi:nil  
    Repayment of borrowings
    (1,557,336) 
    xsi:nil  
    xsi:nil  
    Advance from related party
    387,030  
    173,003  
    330,099  
    Repayment to related party
    (1,386,555) 
    xsi:nil  
    xsi:nil  
    NET CASH (USED IN)/FROM FINANCING ACTIVITIES
    (1,095,910) 
     
    1,679,509  
     
    330,099  
     
    NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS
    (39,025) 
     
    4,919,243  
     
    1,636,856  
     
    Effects of currency translation
    1,513,140  
    (1,556,982) 
    (1,027,358) 
    CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
    24,576,341  
    21,214,080  
    20,604,582  
    CASH AND CASH EQUIVALENTS AT END OF YEAR
    26,050,456  
     
    24,576,341  
     
    21,214,080