Annual Report 2006 - Venture Corporation Limited

consolidated cash flow statement
Year ended December 31, 2006
The Group
2006 2005
$’000 $’000
Investing activities:
Investment revenue received 30,560 25,322
Dividends received 687 510
Purchase of property, plant and equipment (38,682) (49,755)
Proceeds on disposal of plant and equipment 3,891 11,957
Addition of intangible assets (7,549) (941)
Proceeds on disposal of available-for-sale investments 63,418 76,726
Purchase of available-for-sale investments (31,632) (77,694)
Dividends received from associates 628 628
Proceeds from disposal of associates - 3,369
Acquisition of a subsidiary, net of cash acquired (Note 36) (900,693) (19,149)
Acquisition of shareholdings in an associate (82,536) (3,566)
Payment to minority shareholders for acquisition of
additional shares in a subsidiary (569) (780)
Net cash used in investing activities (962,477) (33,373)
Financing activities:
Increase (Decrease) in short term bank loans 599,203 (2,685)
Decrease in long-term bank loan (236) (14)
Proceeds from issue of shares 28,461 53,867
Net cash from financing activities 627,428 51,168
Net decrease in cash and cash equivalents (190,823) (20,059)
Cash and cash equivalents at beginning of year 556,555 567,428
Effect of foreign exchange rate changes (36,726) 9,186
Cash and cash equivalents at end of year 329,006 556,555
Cash and cash equivalents at end of year include the following:
Cash 199,675 99,245
Fixed deposits 129,331 457,341
Bank overdraft - (31)
329,006 556,555
See accompanying notes to financial statements.
annual report 2006
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