Pg 147 - Berjaya Corporation Berhad

cash flowstatementfor the year ended 30 April 2006COMPANY2006 2005Note RM’000 RM’000CASH FLOWS FROM OPERATING ACTIVITIESPayment for operating expenses (28,220) (27,617)Tax refund received - 449Tax paid (3,083) (7,848)Other payments (5,200) (3,494)Net cash used in operating activities (36,503) (38,510)CASH FLOWS FROM INVESTING ACTIVITIESSale of property, plant and equipment 262 184Sale of investments in subsidiary companies - 123,006Proceeds from capital distribution by an associated company 122,561 -Acquisition of property, plant and equipment (a) (1,723) (474)Subscription of rights issue in subsidiary companies (500) (545,000)Acquisition of additional equity interest in an associated company (9,076) (8,494)Interest received 2,122 10,628Dividends received 124,647 108,761(Advances to)/repayment from related companies (b) (8,660) 3,224Repayment from the penultimate holding company (b) 535 20,082Repayment of advances to an associated company (176,993) (272,524)Inter-company receipts 217,834 348,743Inter-company advances (181,234) (30,618)Other payments arising from investments (includingproposed subscription of shares in an associated company) (5,139) (2,131)Net cash generated from/(used in) investing activities 84,636 (244,613)CASH FLOWS FROM FINANCING ACTIVITIESIssuance of share capital 117 -Drawdown of bank borrowings and term loans 426,085 478,755Share issue expenses (180) -Interest paid (114,851) (88,560)Payment of hire purchase/lease liabilities (227) (77)Repayment of bank borrowings and loans (321,001) (52,899)Dividends paid to shareholders of the Company (31,928) (31,013)Net cash (used in)/generated from financing activities (41,985) 306,206NET INCREASE IN CASH AND CASH EQUIVALENTS 6,148 23,083OPENING CASH AND CASH EQUIVALENTS (17,594) (40,677)CLOSING CASH AND CASH EQUIVALENTS (c) (11,446) (17,594)46Annual Report 2006Berjaya Land Berhad (201765-A)