Page 37 - ar2012.pdf

35 '"3 &"45 (3061 -*.*5&% t "//6"- 3&1035
(In Singapore dollars)
Group
Note 2012 2011
$ $
Cash flows from investing activities
Proceeds from sale of fixed assets 4,405 20,163
Purchase of fixed assets 4 (286,116) (194,137)
Net cash used in investing activities (281,711) (173,974)
Cash flows from financing activities
Dividends paid (1,839,713) (2,458,923)
Fixed deposits pledged to bank 19,740 (350,700)
Trust receipts and bills payable (87,954) 174,132
Repayment of loans from shareholders and directors (959,116) (623,281)
Repayment of finance lease obligations (18,692) (17,928)
Repayment of term loans (116,271) (1,910,184)
Proceed from term loans 1,000,000 –
Proceeds from issuance of shares – 6,263,452
Payment of share issuance expenses – (442,501)
Net cash (used in)/generated from financing activities (2,002,006) 634,067
Net increase/(decrease) in cash and cash equivalents 1,433,497 (1,207,065)
Effect of exchange rate changes on cash and cash equivalents (56,532) 13,345
Cash and cash equivalents at beginning of year 2,498,799 3,692,519
Cash and cash equivalents at end of year 30 3,875,764 2,498,799
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Consolidated Cash Flow Statement (Cont’d)
For the year ended 31 December 2012