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STATEMENTS OF CASH FLOWS (cont’d)
FOR THE YEAR ENDED 31 DECEMBER 2012
2012
RM
Group Company
Cash Flows from Investing Activities
Acquisition of subsidiary - - (1,327,265) (1,449,000)
Acquisition of shares from
non-controlling interests - (1,449,000) - -
Dividends received - - 5,500,000 3,226,000
Interest received 126,798 123,468 384 9,694
Proceeds from disposal of:
- held for trading financial assets - 3,426,251 - -
- investment in subsidiary 2,282,422 - 2,310,000 -
- investment property 270,000 - - -
- property, plant and equipment 5,115,652 64,206 - -
Purchase of property, plant and equipment (4,073,253) (12,365,678) - -
Repayment to other payables for acquisition
of subsidiary in previous year (11,288,000) - (11,288,000) -
Net cash (used in) / generated from Investing Activities (7,566,381) (10,200,753) (4,804,881) 1,786,694
Cash Flows from Financing Activities
Dividends paid (2,120,999) (2,018,456) (2,120,999) (2,018,456)
Dividends paid to non-controlling
interests of subsidiary - (1,274,000) - -
Issuance of shares 6,737,434 95,926 6,737,434 95,926
Issuance of shares to non-controlling interests 300,000 - - -
Net repayment of short term bank borrowings (3,943,546) (2,840,455) - -
Repayment of finance lease and
hire purchase payables (18,546,842) (15,236,715) - -
Repayment of shareholder advance (4,505,138) - - -
Repayment from former subsidiary 1,626,631 - 850,938 -
Net repayment from / (advances to) subsidiaries - - 1,598,206 (1,540,945)
Net cash (used in) / generated from
Financing Activities (20,452,460) (21,273,700) 7,065,579 (3,463,475)
Net (Decrease) / Increase in Cash and Cash Equivalents (1,363,665) 9,822,160 897,415 (2,391,225)
Cash and Cash Equivalents brought forward 19,273,323 9,451,163 1,126,839 3,518,064
Cash and Cash Equivalents carried forward (Note 13) 17,909,658 19,273,323 2,024,254 1,126,839
The accompanying notes form an integral part of the financial statements.
2011
RM
2012
RM
2011
RM
Gunung Capital Berhad (330171-P)
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annual report | 2012