CONSOLIDATED CASH FLOW STATEMENT
For the Financial Year Ended 31 December 2014
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
2014
2013
(restated)
$’000
$’000
Cash flows from investing activities
Proceeds from disposal of property, plant and equipment and investment properties
459,362
70,803
Cost incurred on property, plant and equipment
(6,507)
(38,834)
Cost incurred on investment properties
(4,171)
(6,271)
Initial payment on a property
(74,285)
–
Proceeds from disposal of investment securities
47,287
1
Purchase of investment securities
(180,887)
(1,573)
Payment for deferred mine development and exploration expenditure and other
intangible assets
(2,024)
(601)
Proceeds from sale of hospitality assets and operations (note 24)
–
380,240
Net cash outflow on acquisition of a subsidiary (note 17)
(186)
–
Net cash inflow from sale of a subsidiary and disposal group classified as held for sale
208
–
Proceeds from disposal of shares in an associate (note 21)
–
508,779
Additional shares in associates and joint ventures
–
(286,937)
Shareholder’s loan to an associate
(11,910)
(60,000)
Payment for mine closure deposit
–
(12,071)
Proceeds from partial return of capital from associates
1,287
–
Dividend income from investment securities, associates and joint ventures
27,834
13,096
Net cash flows from investing activities
256,008
566,632
Cash flows from financing activities
Dividends paid to shareholders (note 35)
(16,324)
(212,975)
Loan from a non-controlling shareholder of a subsidiary
20,950
–
Loan to an associate
–
(66,348)
Net proceeds from issuance of shares by a subsidiary to a non-controlling
shareholder
4,900
100
Drawdown/(Repayment) of short-term borrowings
51,990
(38,585)
Drawdown of long-term borrowings
220,000
22,298
Repayment of long-term borrowings
(232,707)
(227,602)
Net cash flows from/(used in) financing activities
48,809
(523,112)
Net increase in cash and cash equivalents
211,266
77,782
Effect of exchange rate changes on cash and cash equivalents
(948)
(1,595)
Cash and cash equivalents, beginning balance
274,354
198,167
Cash and cash equivalents, ending balance (note 28)
484,672
274,354
55
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
