Year ended 31 March 2016
CONSOLIDATED STATEMENT OF
CASH FLOWS
The accompanying notes form an integral part of these financial statements.
SINGAPORE MYANMAR INVESTCO LIMITED
| Annual Report 2016
45
Group
2016
2015
US$’000
US$’000
Cash flows from operating activities
Loss before tax from continuing operations
(8,619)
(3,919)
Loss before tax from discontinued operations
(978)
(1,703)
Gain on disposal of discontinued operations
8,761
–
Loss before tax, total
(836)
(5,622)
Adjustments for:
Depreciation of property, plant and equipment
1,089
1,469
Amortisation of intangible assets
3
–
Amortisation of land use right
–
11
Amortisation of prepaid insurance premium
147
–
Interest income
(4)
(101)
Interest expense
507
43
Gain on disposal of property, plant and equipment
(64)
(59)
Gain on disposal of discontinued operations
(8,761)
–
Loss on disposal of available for sale investment
22
–
Net effect of exchange rate changes in consolidating subsidiaries
(6)
(247)
Operating cash flows before changes in working capital
(7,903)
(4,506)
Inventories
(93)
258
Trade and other receivables
(7,177)
(1,505)
Other assets, current
(1,189)
(1,480)
Trade and other payables, current
7,729
5,916
Net cash flows used in operations
(8,633)
(1,317)
Income tax recovered/(paid)
29
(333)
Net cash flows used in operating activities
(8,604)
(1,650)
Cash flows from investing activities
Purchase of property, plant and equipment (Note 25B)
(16,632)
(1,575)
Proceeds from disposal of property, plant and equipment
66
–
Proceeds from disposal of available for sale investment
64
1,363
Deposit received from assets held for sale
–
1,774
Proceed from disposal of discontinued operations, net of cash disposed off (Note 13A)
2,797
–
Interest received
4
101
Net cash flows (used in)/from investing activities
(13,701)
1,663
Cash flows from financing activities
Dividend paid to non-controlling shareholders of subsidiaries
(12)
(316)
Capital contribution from non-controlling interest
222
656
Capital contribution from share placement
5,494
–
Decrease in restricted fixed bank deposits
527
2,791
Increase in other payables, non-current
–
122
Drawdown/(repayment) of finance leases (Note 29A)
1,784
(92)
Repayment of other financial liabilities
–
(523)
Drawdown/(repayment) of short-term borrowings
188
(4,687)
Loans from shareholder
7,200
2,958
Loans from non-controlling shareholders of subsidiaries
63
–
Interest paid
(403)
(43)
Net cash flows from financing activities
15,063
866
Net (decrease)/increase in cash and cash equivalents
(7,242)
879
Cash and cash equivalents, statement of cash flows, beginning balance
10,440
9,561
Cash and cash equivalents, statement of cash flows, ending balance (Note 25A)
3,198
10,440
