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MTQ Corporation Limited
Financial Report / 40
CONSOLIDATED STATEMENT
OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012
Note 2012 2011
$’000 $’000
Cash fows from investing activities:
Dividends received 231 194
Purchase of property, plant and equipment (4,804) (25,830)
Acquisition of business by a subsidiary 9 – (3,072)
Acquisition of subsidiaries 9 (24,069) –
Proceeds from sale of property, plant and equipment 854 1,438
Proceeds from sale of investment in quoted shares, net of brokerage 588 –
Investment in equity securities, net of brokerage (4,179) (12,917)
Loans granted to staff – (60)
Loans repaid by staff 112 195
Net cash used in investing activities (31,267) (40,052)
Cash fows from fnancing activities:
Dividends paid 30 (2,580) (2,716)
Share issuance expense 27 (75) (33)
Proceeds from bank borrowings 18,561 30,576
Repayment of bank borrowings (1,088) (6,346)
Repayment of fnance lease (454) (238)
Repayment of loan from a non-controlling shareholder of a subsidiary (355) –
Net cash generated from fnancing activities 14,009 21,243
Net increase in cash and cash equivalents 3,338 3,573
Cash and cash equivalents at 1 April 20 23,800 20,314
Effect of exchange rate changes on cash and cash equivalents 176 (87)
Cash and cash equivalents at 31 March 20 27,314 23,800
(In Singapore dollars)
The accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.