TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
TANJUNG OFFSHORE BERHAD
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<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />
ANNUAL REPORT 2009<br />
CASH FLOW STATEMENTS<br />
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2009<br />
CASH FLOWS FROM<br />
INVESTING ACTIVITIES<br />
GROUP COMPANY<br />
NOTE 2009 2008 2009 2008<br />
RM RM RM RM<br />
Purchase of property, plant<br />
and equipment 27 (195,008,725) (189,902,955) - -<br />
Proceeds from disposal of property,<br />
plant and equipment 127,173 323,645 - -<br />
Investment in associated company - (127,450) - -<br />
Investment in subsidiary companies 37 (3,375,523) - (42,121,702) (3,378,836)<br />
Purchase of intangible assets 6 (86,988) (7,308,588) - -<br />
Dividend from subsidiary company - - 13,675,000 5,250,000<br />
Interest received 439,736 1,279,382 430,791 1,229,590<br />
Net cash (used in)/generated from<br />
investing activities (197,904,327) (195,735,966) (28,015,911) 3,100,754<br />
CASH FLOW FROM<br />
FINANCING ACTIVITIES<br />
Issuance of shares 3,269,978 63,377,875 3,269,978 63,377,875<br />
Repurchase of shares 18 (45,190) (4,350,641) (45,190) (4,350,641)<br />
Expenses incurred on<br />
corporate exercise (284,023) (1,925,613) (284,023) (1,925,613)<br />
Proceeds from borrowings 152,392,071 188,979,918 - 120,028,833<br />
Repayment of hire purchase and<br />
fi nance lease (1,092,085) (863,010) - -<br />
Repayment of serial fi xed rate bond (20,000,000) - (20,000,000) -<br />
Repayment of term loan - (3,955,780) - -<br />
Interest paid (19,222,826) (12,681,489) - -<br />
Decrease/(Increase) in fi xed deposits<br />
pledged as security 5,280,921 (6,222,368) 2,891,152 (5,325,105)<br />
Dividend paid 26 (10,989,908) (4,540,500) (10,989,908) (4,540,500)<br />
Net cash generated from/(used in) fi nancing<br />
activities 109,308,938 217,818,392 (25,157,991) 167,264,849<br />
Net (decrease)/increase in cash and<br />
cash equivalents (41,190,038) 25,606,040 (30,531,395) 46,796,014<br />
Cash and cash equivalents at<br />
beginning of the year 32,984,982 7,378,942 54,618,652 7,822,638<br />
Effects on exchange rate changes on cash<br />
and cash equivalents (1,188,074) - - -<br />
Cash and cash equivalents at<br />
end of the year 28 (9,393,130) 32,984,982 24,087,257 54,618,652<br />
See accompanying notes to the fi nancial statements.<br />
72
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