ANNUALREPORT 2013
71
GROUP
COMPANY
2013
2012
2013
2012
RM
RM
RM
RM
CASHFLOWSFROM
INVESTINGACTIVITIES
Purchase of property, plant
andequipment
(46,528,704) (7,122,973)
–
–
Proceeds from disposal of property,
plant and equipment
47,000
2,900
–
–
Additions in intangible assets
–
(150,000)
–
–
Additions in development costs
(1,400)
(7,079)
–
–
Net CashUsed In InvestingActivities
(46,483,104) (7,277,152)
–
–
CASHFLOWSFROM
FINANCINGACTIVITIES
Increase in short term bank borrowings
– 2,847,502
–
–
Repayment of term loan
(4,530,613)
–
–
–
Repayment of hire purchase obligation
(40,515)
(11,044)
–
–
(Increase)/Decrease in deposits
with licensed bank
(2,102)
515,749
–
–
Proceeds from issuanceof shares
58,422,235 8,607,000 58,422,235 8,607,000
Payment of share issueexpenses
(930,904)
(77,051)
(930,904)
(87,051)
Refund fromBursaMalaysia
SecuritiesBerhad
–
–
–
10,000
Net CashFromFinancingActivities
52,918,101 11,882,156 57,491,331 8,529,949
NET INCREASE/(DECREASE) INCASH
ANDCASHEQUIVALENTS
4,234,087
(147,311)
196
(844)
CASHANDCASHEQUIVALENTSAT
BEGINNINGOFYEAR
12,438,789 12,586,100
5,337
6,181
CASHANDCASHEQUIVALENTSAT
ENDOFYEAR (Note 24)
16,672,876 12,438,789
5,533
5,337
Note:
In2012, dividend amounting toRM15,000,000 declared and payable by a subsidiary to theCompany
wasmade via contra off amount owing by the said subsidiary.
Statementsof CashFlows
for the year ended 31st December 2013
(Cont’d)
The accompanyingNotes form an integral part of theFinancial Statements.
