Utusan Melayu (Malaysia) Bhd - Announcements
Utusan Melayu (Malaysia) Bhd - Announcements
Utusan Melayu (Malaysia) Bhd - Announcements
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Consolidated C ASH F LOW S TATEMENT for the year ended 31 December 1999<br />
1999 1998<br />
RM RM<br />
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES<br />
Cash receipts from customers 290,097,509 263,075,617<br />
Cash paid to suppliers, employees and for operating expenses (219,512,806) (248,931,395)<br />
Cash generated from operations 70,584,703 14,144,222<br />
Interest paid (11,401,334) (14,989,945)<br />
Income tax paid (5,136,393) (2,593,820)<br />
Net cash from/(used in) operating activities 54,046,976 (3,439,543)<br />
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES<br />
Purchase of fixed assets (33,552,354) (47,279,917)<br />
Purchase of investments (450,000) —<br />
Acquisition of a subsidiary company, net of cash acquired (note 24) (389,845) —<br />
Net dividends received from associated companies 955,586 —<br />
Proceeds from disposal of fixed assets 1,139,737 2,024,329<br />
Interest received 447,959 1,425,945<br />
Dividends received 1,770 270,701<br />
Net cash used in investing activities (31,847,147) (43,558,942)<br />
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES<br />
Proceeds from revolving underwriting facility — 105,000,000<br />
Repayment of short term borrowings (12,315,654) (68,563,301)<br />
Repayment of hire purchase facilities (1,692,798) (3,096,390)<br />
Repayment of term loans (4,879,070) (3,994,118)<br />
Dividends paid to the shareholders of the Company — (3,899,591)<br />
Net cash (used in)/from financing activities (18,887,522) 25,446,600<br />
Effects of the exchange rate changes on cash and cash equivalents (496) 3,289<br />
Net increase/(decrease) in cash and cash equivalents during the financial year 3,311,811 (21,548,596)<br />
Cash and cash equivalents at beginning of the financial year 5,138,627 26,687,223<br />
Cash and cash equivalents at end of the financial year 8,450,438 5,138,627<br />
Cash and cash equivalents comprise the following:-<br />
Fixed deposits with licensed banks 12,331,994 11,626,914<br />
Cash and bank balances 13,732,258 7,412,883<br />
Bank overdrafts (17,613,814) (13,901,170)<br />
8,450,438 5,138,627<br />
The above consolidated cash flow statement is to be read in conjunction with the notes to the accounts on pages 40 to 65.<br />
Auditors’ report – Page 34.<br />
<strong>Utusan</strong> <strong>Melayu</strong> (<strong>Malaysia</strong>) Berhad<br />
39
Change language