FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Sheng</strong> <strong>Siong</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Consolidated Statement of Cash Flows<br />
Year ended 31 December <strong>2011</strong><br />
Note <strong>2011</strong> 2010<br />
$’000 $’000<br />
Financing activities<br />
Proceeds from bank loan 3,765 22,292<br />
Repayment of bank loan (26,057) –<br />
Non-trade amounts due from affiliated companies 106 36,676<br />
Non-trade amounts due to affiliated companies (136) (136)<br />
Non-trade amounts due to directors (3,205) 2,461<br />
Dividend paid 11 (927) (41,239)<br />
Interest paid (82) –<br />
Net initial public offering (“IPO”) proceeds 11 78,115 –<br />
Cash flows from financing activities 51,579 20,054<br />
Net increase in cash and cash equivalents 36,186 46,793<br />
Cash and cash equivalents at beginning of the year 85,885 39,081<br />
Effect of exchange rate changes on balances<br />
held in foreign currencies 49 11<br />
Cash and cash equivalents at end of the year 122,120 85,885<br />
Significant non-cash transaction<br />
During the year ended 31 December 2010, the Group declared and paid a dividend in specie amounting to $37,946,000<br />
to the owners of the Group. The dividend payment was made using partially its available-for-sale investment<br />
securities.<br />
The accompanying notes form an integral part of these financial statements.<br />
45
Change language