Asia Media Group Berhad Annual Report 2015

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The accompanying notes form an integral part of the financial statements.
pg. 65
Asia Media Group Berhad ► Annual Report 2015
Group Company
2015 2014 2015 2014
Note RM RM RM RM
Cash flows from investing
activities
Proceeds from disposal of
property, plant and equipment 5,000 – – –
Purchase of property, plant
and equipment 5 (13,480,667) (27,596,581) – –
Additional investment in a
subsidiary – – (4,999,998) –
Acquisition of investment in a
subsidiary, net of cash
acquired 8 630 – (2) –
Net cash used in investing
activities (13,475,037) (27,596,581) (5,000,000) –
Cash flows from financing
activities
Increase in short term
borrowings – 1,500,000 – –
Deposits pledged with licensed
bank 182,864 (3,483) – –
Proceeds from issuance of
share capital – 15,600,000 – 15,600,000
Net cash from financing
activities 182,864 17,096,517 – 15,600,000
Net (decrease)/increase in
cash and cash equivalents (2,829,424) (411,600) 162 248
Cash and cash equivalents
at beginning of the financial
year 16,261,276 16,672,876 5,781 5,533
Cash and cash equivalents
at the end of the financial
year 22 13,431,852 16,261,276 5,943 5,781
Statements of Cash Flows
(continued)