Cover 1 - Apollo Hospitals Dhaka

Annual Report’ 11
STS HOLDINGS LIMITED
Cash Flow Statement
For the year ended 31 December 2011
Figures in Taka
2011 2010
Cash flows from operating activities :
Collection from hospitals services & others 2,622,741,317 2,236,519,934
Payment for cost and expenses (2,143,737,434) (1,734,272,396)
Cash generated from operation 479,003,883 502,247,538
Interest paid (55,406,330) (55,882,158)
Income taxes paid (19,597,323) -
Net cash flows from operating activities 404,000,230 446,365,380
Cash flows from investing activities :
Payment for acquisition of property, plant & equipment (82,760,090) (254,281,275)
Payment for capital work-in-progress (27,122,917) (41,746)
Net cash used in investing activities (109,883,007) (254,323,021)
Cash flows from financing activities :
Cash paid lease finance (88,945,468) (78,037,021)
Cash paid for demand loan/ working capital loan 27,328,491 46,405,136
Cash paid associates undertakings - (11,626)
Cash paid for redemption of preference shares (182,094,600) (136,094,600)
Cash paid for dividend on preference share (34,886,327) (55,170,889)
Net cash used in financing activities (278,597,904) (222,909,000)
Net increase/(decrease) in cash and cash equivalent : 15,519,319 (30,866,641)
Opening cash and cash equivalents (153,174,057) (122,307,416)
Closing cash and cash equivalents (137,654,738) (153,174,057)
Closing cash and cash equivalents represents :
Cash and bank balances 24,919,018 16,944,064
Bank overdraft (162,573,756) (170,118,121)
(137,654,738) (153,174,057)
The attached notes from 1 to 33 form an integral part of these accounts and should be read in conjunction therewith
For and on behalf of the Board of Directors of STS HOLDINGS LIMITED
Sd/- Sd/- Sd/-
Company Secretary Director Director
Signed in terms of our report of date annexed.
S. F. Ahmed & Co.
Chartered Accountants
House-25, Road-13A, Block-D, Banani, Dhaka 1213, Bangladesh
&
House-21, Road-13, Sector-01, Uttara, Dhaka 1230, Bangladesh
Dated: 15 April 2012