53
2013
2012
$’000
$’000
Investing activities
Purchase of property, plant and equipment
(113,604)
(49,216)
Proceeds from sale of property, plant and equipment (Note A)
15
190
Dividend received
31,991
28,141
Loan to an associate
(1,800)
-
Acquisition of investment in associate
(450)
-
Interest received
10,043
3,306
Purchases of investments
(189,980)
(129,252)
Restricted cash deposits
(1,181)
-
Proceeds from disposal of jointly controlled assets
1,457
-
Proceeds from sale of investments
81,250
107,146
Net cash used in investing activities
(182,259)
(39,685)
Financing activities
Proceeds from issue of shares
4,448
2,669
Payment made for redemption of shares
(1,473)
(1,472)
Dividends paid on share capital repayable on demand
(14,241)
(10,616)
Net cash used in financing activities
(11,266)
(9,419)
Net (decrease) increase in cash and cash equivalents
(79,594)
68,917
Cash and cash equivalents at beginning of year
372,282
303,365
Cash and cash equivalents at end of year (Note 6)
292,688
372,282
Note A:
In 2012, the Group acquired equity interest in an associate amounting $18,300,000 and granted a shareholders’ loan of
$164,700,000 to this associate. The additional investment and loan to this associate were satisfied by the sale of the
Co-operative’s share of property, plant and equipment of $183,000,000. (refer to Notes 12 and 15).
CONSOLIDATED STATEMENT OF CASH FLOWS (cont’d)
Year ended March 31, 2013
See accompanying notes to financial statements.
