CONSOLIDATED STATEMENT OF CASH FLOWS
For the financial year ended 30 June 2016
72
ASL Marine Holdings Ltd.
Annual Report 2016
Note
2016
2015
$’000
$’000
Cash flows from investing activities
Interest received
43
134
Purchase of property, plant and equipment
(97,160)
(118,767)
Proceeds from disposal of property, plant and equipment
9,847
52,022
Lease prepayments
(53)
(420)
Balances with related parties (non-trade)
5,026
(11,013)
Net cash flows used in investing activities
(82,297)
(78,044)
Cash flows from financing activities
Interest paid
(23,669)
(19,786)
Dividends paid
(1,678)
(4,195)
Repayment of interest-bearing loans and borrowings
(132,920)
(172,733)
Proceeds from interest-bearing loans and borrowings
178,337 192,967
Repayment of trust receipts
(110,765)
(100,514)
Proceeds from trust receipts
115,797
67,929
Cash and bank balances (restricted use)
(1,165)
(74)
Net cash flows generated from/(used in) financing activities
23,937 (36,406)
Net (decrease)/increase in cash and cash equivalents
(52,491)
10,438
Cash and cash equivalents at 1 July
74,865
64,581
Effect of exchange rate changes on cash and cash equivalents
(753)
(154)
Cash and cash equivalents at 30 June
14
21,621
74,865
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
