cont'd - KNM Steel Sdn Bhd

52KNM GROUP BERHAD I Annual Report 2012Statements of Cash Flowsfor the year ended 31 December 2012 (cont’d)Notes to statements of cash flows:(i)Cash and cash equivalentsCash and cash equivalents included in the statement of cash flows comprise the following statement of financialposition amounts:GroupCompanyNote 2012 2011 2012 2011RM’000 RM’000 RM’000 RM’000Cash and bank balances 14 182,913 341,381 17,830 622Deposits with licensed banksand financial institutions 14 8,888 75,048 – –Bank overdrafts 16 (6,470) (17,262) – –185,331 399,167 17,830 622(ii)Acquisition of property, plant and equipmentDuring the financial year, the Group acquired property, plant and equipment with an aggregate cost ofRM66,076,000 (2011: RM58,232,000), of which RM16,909,000 (2011: RM9,477,000) was acquired by meansof hire purchase.(iii)Non cash transactionsOperating activitiesDuring the financial year, the Company recognised dividend income of RM34,000,000. The dividend incomereceived was net off against the amount due to a subsidiary.Investing activitiesDuring the financial year, the Company increased its investment in its subsidiaries by RM50,190,000 (2011:RM480,000,000) of which RM50,190,000 (2011: RM480,000,000) was through capitalisation of debts.Financing activitiesDuring the financial year, the Company issued 488,920,659 new ordinary shares of RM1.00 each viarenounceable two-call rights issue for a total consideration of RM488,920,659, of which RM293,352,000 wascapitalised from share premium account.The notes on pages 53 to 133 are an integral part of these financial statements.