2016
2015
$’000
$’000
(Restated)
Cash flows from financing activities
Proceeds from issuance of ordinary shares
–
6,427
Fixed deposits pledged to bank
(191)
303
Drawndown of bank borrowings
2,547
269
Due to related parties (non-trade)
–
(2)
Repayment of bank borrowings
(1,486)
(2,575)
Repayment of finance lease
(725)
(537)
Dividend paid
(1,644)
(1,176)
Capital contributed by non-controlling interest
7
–
Purchase of treasury shares
(1,966)
–
Acquisition of non-controlling interest
–
(223)
Net cash (used in)/generated from financing activities
(3,458)
2,486
Net increase in cash and cash equivalents
1,684
15,016
Cash and cash equivalents at beginning of financial year
30,675
15,659
Cash and cash equivalents at end of financial year
32,359
30,675
For the purpose of the consolidated statement of cash flows, cash and cash equivalents comprise the following:
$’000
$’000
Cash in hand and at bank (note 18)
16,111
20,632
Fixed deposits (note 18)
18,037
11,641
34,148
32,273
Less: Fixed deposits pledged (note 18)
(1,789)
(1,598)
32,359
30,675
Note A
The Group acquired property, plant and equipment with an aggregate cost of $9,068,000 (2015: $2,764,000) and an
increase in other payables of $39,000 (2015: $Nil). The addition were by way of cash payments of $7,229,000 (2015:
$2,489,000) and finance lease of $1,800,000 (2015: $275,000).
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FInAncIAL yEAR EnDED 30 JunE 2016
The accompanying notes form an integral part of the financial statements.
64
ISOTEAM LTD.
ANNUAL REPORT 2016
