Download TPS, East Africa 2008 Annual Report - Serena Hotels
Download TPS, East Africa 2008 Annual Report - Serena Hotels
Download TPS, East Africa 2008 Annual Report - Serena Hotels
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Consolidated Cash Flow Statement<br />
For the period ended 31 December <strong>2008</strong><br />
Notes <strong>2008</strong> 2007<br />
Shs'000 Shs'000<br />
Operating activities<br />
Cash generated from operations 26 668,958 834,438<br />
Interest paid (120,068) (145,883)<br />
Income tax paid (80,167) (52,232)<br />
Net cash generated from operating activities 468,723 636,323<br />
Investing activities<br />
Purchase of property, plant and equipment 18 (160,057) (439,960)<br />
Proceeds from disposal of property, plant and equipment 2,048 3,700<br />
Cash outflow on acquisition - (83,229)<br />
Investment on available-for-sale financial asset 17 (23,633) (31,418)<br />
Short term bank deposits 24 19,705 12,428<br />
Net cash used in investing activities (161,937) (538,479)<br />
Financing activities<br />
Proceeds from long-term borrowings 273,865 376,607<br />
Repayments on long-term borrowings (382,051) (507,078)<br />
Dividends paid to Company's shareholders (132,331) (110,276)<br />
Net cash used in financing activities (240,517) (240,747)<br />
Net increase/(decrease) in cash and cash equivalents 66,269 (142,903)<br />
Movement in cash and cash equivalents<br />
At start of year (20,758) 122,082<br />
Increase/(decrease) in cash 66,269 (142,903)<br />
Effects of exchange rate changes on cash and cash equivalents 295 63<br />
At end of year 24 45,806 (20,758)<br />
<strong>TPS</strong> EASTERN AFRICA LIMITED | ANNUAL REPORT AND FINANCIAL STATEMENTS <strong>2008</strong> 31
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