48
ANNUAL REPORT 2015/2016
(In Singapore dollars)
Note
2016
$’000
2015
$’000
Cash flows from investing activities:
Purchase of property, plant and equipment
(7,789)
(14,782)
Purchase of intangible assets
–
(219)
Acquisition of a subsidiary
(3,989)
(978)
Proceeds from disposal of property, plant and equipment
3,419
1,365
Loans to joint venture
(1,419)
–
Loans granted to staff
(68)
(130)
Loans repaid by staff
99
92
Net cash used in investing activities
(9,747)
(14,652)
Cash flows from financing activities:
Dividends paid
26
(3,082)
(3,594)
Dividends paid by a subsidiary to non-controlling interests
(653)
–
Share issuance expense
24
–
(82)
Proceeds from bank borrowings
5,003
1,100
Repayment of bank borrowings
(19,921)
(3,620)
Repayment of finance lease
(480)
(544)
Share buy-back
24
(312)
–
Settlement of share-based payment agreements
–
(665)
Reduction in share capital of a subsidiary
–
(334)
Net cash used in financing activities
(19,445)
(7,739)
Net increase/(decrease) in cash and cash equivalents
(18,840)
8,419
Cash and cash equivalents at 1 April
18
44,135
37,432
Effect of exchange rate changes on cash and cash equivalents
(328)
(1,716)
Cash and cash equivalents at 31 March
18
24,967
44,135
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
CONSOLIDATED
STATEMENT OF CASH FLOWS
For the financial year ended 31 March 2016
