SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
38
Year ended 31 March 2015
CONSOLIDATED STATEMENT OF
CASH FLOWS
The accompanying notes form an integral part of these financial statements.
Group
2015
2014
HK$’000
HK$’000
Cash flows from operating activities
Loss before tax from continuing operations
(30,379)
(3,582)
(Loss)/profit before tax from discontinued operations
(13,200)
549
Loss before tax, total
(43,579)
(3,033)
Adjustments for:
Depreciation of property, plant and equipment
11,384
12,512
Amortisation of land right use
82
82
Amortisation of prepaid insurance premium
–
498
Interest income
(786)
(508)
Interest expense
335
8,180
Gain on disposal of plant and equipment
(457)
(11,049)
Gain on disposal of available for sale investment
–
(4,154)
Fair value gain on other financial asset, non-current
–
(41)
Net effect of exchange rate changes in consolidating subsidiaries
(1,913)
(6,033)
Operating cash flows before changes in working capital
(34,934)
(3,546)
Inventories
1,998
389
Trade and other receivables
(11,654)
(3,768)
Other assets, current
(11,468)
3,178
Trade and other payables, current
45,850
15,991
Net cash flows (used in) from operations
(10,208)
12,244
Income tax paid
(2,578)
(1,276)
Net cash flows (used in) from operating activities
(12,786)
10,968
Cash flows from investing activities
Purchase of property, plant and equipment (Note 21B)
(12,210)
(1,933)
Disposal of plant and equipment
–
14,910
Disposal of available for sale investment
10,564
4,154
Deposit received from assets held for sale
13,750
–
Disposal of subsidiaries (net cash acquired) (Note 11B)
–
44,944
Interest received
786
69
Net cash flows from investing activities
12,890
62,144
Cash flows from financing activities
Dividend paid to non-controlling shareholders of subsidiaries
(2,450)
(1,176)
Capital contribution from non-controlling interest
5,084
–
Capital contribution from share placement
–
32,356
Increase in restricted fixed bank deposits
21,627
(24,602)
Increase in other liabilities, non-current
945
28,397
Repayment of other financial liabilities
(15,651)
(507)
Repayment of short-term borrowings
(36,321)
(21,848)
Repayment of finance leases
(711)
(4,513)
Increase in bank loans
11,592
–
Loan from majority shareholder
22,929
–
Interest paid
(335)
(8,180)
Net cash flows from (used in) financing activities
6,709
(73)
Net increase in cash and cash equivalents
6,813
73,039
Cash and cash equivalents, statement of cash flows, beginning balance
74,095
845
Effect on foreign exchange rate changes
–
211
Cash and cash equivalents, statement of cash flows, ending balance (Note 21A)
80,908
74,095
