47
/ MTQ CORPORATION LIMITED /
ANNUAL REPORT
2014/2015
CONSOLIDATED STATEMENT OF CASH FLOWS
For the financial year ended 31 March 2015
(In Singapore dollars)
Note
2015
$’000
2014
$’000
(Restated)
Cash flows from investing activities:
Purchase of property, plant and equipment
(14,782)
(13,968)
Purchase of intangible assets
(219)
–
Acquisition of a subsidiary
13
(978)
(12,878)
Proceeds from disposal of property, plant and equipment
1,365
1,469
Proceeds from disposal of investment in quoted shares, net of brokerage
–
970
Proceeds from liquidation of a subsidiary
–
35
Acquisition of non–controlling interests
–
(1,511)
Loans granted to staff
(130)
(39)
Loans repaid by staff
92
55
Net cash used in investing activities
(14,652)
(25,867)
Cash flows from financing activities:
Dividends paid
26
(3,594)
(2,597)
Share issuance expense
24
(82)
(66)
Proceeds from bank borrowings
1,100
38,341
Repayment of bank borrowings
(3,620)
(43,384)
Repayment of finance lease
(544)
(618)
Settlement of share-based payment
(665)
(269)
Reduction in share capital of a subsidiary
(334)
–
Net cash used in financing activities
(7,739)
(8,593)
Net increase/(decrease) in cash and cash equivalents
8,419
(2,202)
Cash and cash equivalents at 1 April
18
37,432
40,911
Effect of exchange rate changes on cash and cash equivalents
(1,716)
(1,277)
Cash and cash equivalents at 31 March
18
44,135
37,432
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
