directors - The Lion Group

40
2005 2004
Note RM’000 RM’000
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES
Cash flow on disposal and liquidation of subsidiary companies (ii) 103,758 427,957
Proceeds from disposal of investment properties – 277,583
Deposits received on proposed disposal of remaining interests
in brewery operations – 186,127
Proceeds from disposal/redemption of investments 21,617 30,196
Interest received 19,708 24,179
Proceeds from disposal of property, plant and equipment 2,742 10,056
Dividend received 5,371 17
Additions to expenditure carried forward (3) (1,635)
Purchase of property, plant and equipment (i) (222,583) (114,331)
Deposits paid on proposed acquisition of new businesses – (152,782)
Cash flow on dilution of subsidiary companies (iii) – (207,207)
Purchase of investment in associated companies (136) (226,747)
(Increase)/Decrease in:
Land held for property development (2,828) 8,739
Plantation development expenditure (Net of depreciation of property,
plant and equipment of RM325,000 (2004: RM433,000)) (5,812) (7,411)
Net Cash (Used In)/Generated From Investing Activities (78,166) 254,741
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES
Issue of shares 17,821 –
Issue of shares by a subsidiary company 14,348 –
Repayment of short-term borrowings – (247,873)
Interest paid (110,423) (123,159)
Redemption/Repayment of LICB Bonds and USD Debts (126,138) (62,025)
Capital repayment to minority interests of a subsidiary company – (56,618)
Dividend paid to shareholders of the Group (8,471) (2,593)
Dividend paid to shareholders of the Company (4,923) (2,445)
Repayment of lease and hire-purchase liabilities (331) (502)
Proceeds from short-term borrowings 44,723 –
(Increase)/Decrease in cash and cash equivalents – restricted (7,072) 17,219
Net Cash Used In Financing Activities (180,466) (477,996)
NET DECREASE IN CASH AND CASH EQUIVALENTS (102,539) (87,263)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 197,125 284,382
Effects of changes in exchange rates – 6
CASH AND CASH EQUIVALENTS AT END OF YEAR 41 94,586 197,125
(i) During the financial year, the Group acquired property, plant and equipment with an aggregate cost of
RM261,509,000 (2004: RM115,476,000), of which RM1,483,000 (2004: RM1,145,000) was acquired under
lease and hire-purchase arrangements and RM37,443,000 (2004: RM Nil) was contributed by a corporate
shareholder of a subsidiary company as capital injection in the subsidiary company. Cash payments for the
acquisition of property, plant and equipment amounted to RM222,583,000 (2004: RM114,331,000).
(Forward)