54
THE STRAITS TRADING COMPANY LIMITED
2015
2014
(restated)
$’000
$’000
Cash flows from investing activities
Proceeds from disposal of property, plant and equipment and investment properties
43,046
459,362
Cost incurred on property, plant and equipment
(4,990)
(6,507)
Cost incurred on investment properties
(197,994)
(4,171)
Initial payment on a property
–
(74,285)
Proceeds from disposal of investment securities
–
47,287
Investment in associates
(114,983)
–
Purchase of investment securities
(38,924)
(180,887)
Payment for deferred mine exploration and evaluation expenditure and mine properties
(678)
(2,024)
Net cash outflow on acquisition of a subsidiary
–
(186)
Net cash inflow from sale of subsidiaries (note 18 and 25)
53,030
208
Shareholder’s loan to an associate
–
(11,910)
Proceeds from partial return of capital from an associate
–
1,287
Dividend income from investment securities, associates and joint ventures
20,379
27,834
Currency realignment
154
(277)
Net cash flows (used in)/from investing activities
(240,960)
255,731
Cash flows from financing activities
Dividends paid to shareholders (note 35)
(16,324)
(16,324)
Loan from a non-controlling shareholder of a subsidiary
–
20,950
Net proceeds from issuance of shares by subsidiaries to non-controlling shareholders
30,345
4,900
Drawdown of short-term borrowings
17,599
51,990
Drawdown of long-term borrowings
152,294
220,000
Repayment of long-term borrowings
(69,086)
(232,707)
Currency realignment
(15,522)
(2,747)
Net cash flows from financing activities
99,306
46,062
Net (decrease)/increase in cash and cash equivalents
(239,547)
211,266
Effect of exchange rate changes on cash and cash equivalents
(5,800)
(948)
Cash and cash equivalents, beginning balance
484,672
274,354
Cash and cash equivalents, ending balance (note 28)
239,325
484,672
Please refer to note 44 on certain reclassifications to better reflect the cash flow presentation.
CONSOLIDATED CASH FLOW STATEMENT
For the financial year ended 31 December 2015
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
