Pg 108 - Berjaya Corporation Berhad

Consolidated Cash Flow Statementfor the financial year ended 30 April 20082008RM’0002007RM’000CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers 3,530,174 3,335,464Payments to prize winners, suppliers and for other operating expenses (2,482,793) (2,256,065)Payments for pool betting duties, gaming tax and other government contributions (523,261) (497,054)Payment of taxes (182,053) (117,579)Refund of taxes 2,672 -Other receipts 159 70Net cash flow generated from operating activities 344,898 464,836CASH FLOWS FROM INVESTING ACTIVITIESProceeds from disposal of property, plant and equipment 491 714Proceeds from disposal of other investments 8,811 66,114Proceeds from disposal of an associated company - 152Acquisition of property, plant and equipment (18,113) (32,703)Payment for land lease (Note 8) (2,800) -Acquisition of long term investments (1,640) (985)Acquisition of short term investments (1,794) (60,198)Acquisition of treasury shares by a subsidiary company - (4,419)Acquisition of additional equity interest in a subsidiary company - (16,844)Payment for subsequent expenditure of investment properties - (455)Interest received 8,532 14,441Other receipts arising from investments 3,997 5,922Repayment of advances from penultimate holding company and its subsidiary company 75,927 488,501Repayment of advances from related companies - 391Repayment to related companies (605) (850)Net cash flow generated from investing activities 72,806 459,781CASH FLOWS FROM FINANCING ACTIVITIESCapital Distribution (282) (647,150)Drawdown of bank borrowings - 200,000Repayment of borrowings (112,500) (302,500)Interest paid on bank borrowings (22,805) (28,907)Dividends paid (277,509) (492,751)Treasury shares acquired (124,860) (65,332)Net cash flow used in financing activities (537,956) (1,336,640)NET DECREASE IN CASH AND CASH EQUIVALENTS (120,252) (412,023)CASH AND CASH EQUIVALENTS BROUGHT FORWARD 246,860 659,742Effects of exchange rate changes (435) (859)CASH AND CASH EQUIVALENTS CARRIED FORWARD (Note A) 126,173 246,860Note A Cash and cash equivalents comprise the following:Deposits with financial institutions 65,324 226,466Cash and bank balances 60,849 20,394126,173 246,860The accompanying notes form an integral part of these financial statements.44 Berjaya Sports Toto Berhad (9109-K) Annual Report 2008