Page 98 - S P Setia Annual Report 2013
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96 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





STATEMENTS OF CASH FLOWS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000
caSH FlOWS FROm inVeStinG actiVitieS
Additions to land held for property development (1,372,681) (3,076,893) - -
Purchase of property, plant and equipment (40,193) (16,642) - (12)
Purchase of investment properties (147,560) (173,241) - -
Additions to concession assets (47,702) (11,708) - -
Proceeds from disposal of property, plant and equipment 1,025 172 - 1
Proceeds from disposal of investment properties 15,834 13,925 - 40
Proceeds from disposal of unquoted investment 216 - - -
Liquidation of subsidiary companies 25 - - -
Additional interest in a jointly controlled entity - - (450) -
Acquisition of additional shares in existing subsidiary companies (41,263) (1,511) (43,801) (6,582)
Subscription of additional shares in existing jointly controlled entities - - - (5,998)
Subscription of unquoted cumulative redeemable
preference shares in jointly controlled entities - - - (94,200)
Acquisition of additional cumulative redeemable
preference shares in subsidiary companies (15,450) - (15,450) -
Advances to associated companies (9,283) - (8,804) -
Advances to subsidiary companies - - (863,737) (1,166,382)
Advances to jointly controlled entities (28,027) (5,354) (21,084) (27,656)
Deposit and part consideration paid for acquisition of land (40,000) (2,366) - -
Development expenditure paid (21,477) (4,580) - -
(Placement)/Withdrawal of fxed deposits, sinking fund,
debt service reserve, escrow and revenue accounts (805) (5,459) 1,206 (1,206)
Dividends received - - 252,318 193,234
Interest received 27,876 20,493 110,276 36,367
Rental received 6,895 4,930 - -
Net cash used in investing activities (1,712,570) (3,258,234) (589,526) (1,072,394)


caSH FlOWS FROm FinancinG actiVitieS
Proceeds from issuance of ordinary shares
- by the Company 1,338,568 407,812 1,338,568 407,812
- by a subsidiary company to a minority shareholder - 500 - -
Payment of share issue expenses (9,867) - (9,867) -
Advances from/(Repayment to) subsidiary companies - - 74,403 (116,777)
Advances from a minority shareholder of a subsidiary company 67,957 - - -
Drawdown of bank borrowings 2,586,280 3,090,042 840,000 900,000
Repayment of bank borrowings (1,693,909) (638,402) (750,000) (100,000)
Redemption of bonds (250,000) - (250,000) -
Interest paid (5,516) (6,604) (39,932) (12,596)
Dividends paid (254,477) (204,631) (254,477) (204,631)

Net cash generated from fnancing activities 1,779,036 2,648,717 948,695 873,808
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