CONSOLIDATED STATEMENT OF
CASH FLOWS
For the year ended 30 June 2015
Note
2015 2014
$’000 $’000
Cash flows from investing activities
Interest received
134
280
Investment in joint ventures
–
(810)
Purchase of property, plant and equipment
(118,767) (112,403)
Proceeds from disposal of short-term investment
–
5,000
Proceeds from disposal of property, plant and equipment
52,022
8,404
Lease prepayments
(420)
(1,113)
Balances with related parties (non-trade)
(11,013)
9,935
Contributions from non-controlling interest
–
603
Net cash flows used in investing activities
(78,044)
(90,104)
Cash flows from financing activities
Interest paid
(19,786)
(16,662)
Dividend paid
(4,195)
(8,390)
Repayment of interest-bearing loans and borrowings
(172,733) (123,733)
Proceeds from interest-bearing loans and borrowings
192,967 198,187
Repayment of trust receipts
(100,514) (101,572)
Proceeds from trust receipts
67,929 101,067
Net cash flows (used in)/generated from financing activities
(36,332)
48,897
Net increase/(decrease) in cash and cash equivalents
10,438 (13,600)
Cash and cash equivalents at 1 July
64,581 78,077
Effect of exchange rate changes on cash and cash equivalents
(154)
104
Cash and cash equivalents at 30 June
13 74,865 64,581
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
ASL Marine Holdings Ltd. /Annual Report 2015
75
