Pg 147 - Berjaya Corporation Berhad

Berjaya Land Berhad (201765-A)
46
Annual Report 2005
Cash Flow Statement
for the year ended 30 April 2005
COMPANY
2005 2004
Note RM’000 RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
Payment for operating expenses (27,617) (13,807)
Tax refund received 449 10,515
Tax paid (7,848) -
Other payments (3,494) (1,601)
Net cash used in operating activities (38,510) (4,893)
CASH FLOWS FROM INVESTING ACTIVITIES
Sale of property, plant and equipment 184 147
Sale of investments - 1,236
Sale of investments in subsidiary companies 123,006 -
Acquisition of property, plant and equipment (a) (474) (269)
Subscription of rights issue in subsidiary companies (545,000) -
Acquisition of additional equity interest in an associated company (8,494) (10,009)
Interest received 10,628 8,034
Dividends received 108,761 94,777
Repayment from/(advances to) related companies (b) 3,224 (21,979)
Repayment from/(advances to) the ultimate holding company (b) 20,082 (20,659)
Repayment of advances to an associated company (272,524) (200,345)
Inter-company receipts 348,743 56,513
Inter-company advances (30,618) (2,708)
Other (payments)/receipts arising from investing activities (2,131) 10,273
Net cash used in investing activities (244,613) (84,989)
CASH FLOWS FROM FINANCING ACTIVITIES
Drawdown of bank borrowings and term loans 478,755 230,000
Interest paid (88,560) (78,118)
Payment of hire purchase/lease liabilities (77) (843)
Repayment of bank borrowings and loans (52,899) (43,450)
Dividends paid to shareholders of the Company (31,013) (183)
Net cash generated from financing activities 306,206 107,406
NET INCREASE IN CASH AND CASH EQUIVALENTS 23,083 17,524
OPENING CASH AND CASH EQUIVALENTS (40,677) (58,201)
CLOSING CASH AND CASH EQUIVALENTS (c) (17,594) (40,677)