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V. FINANCIAL STATEMENTS

112 | S P SETIA BERHAD GROUP | Annual Report 2014

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

CASH FLOWS FROM INVESTING ACTIVITIES

Additions to land held for property development

(488,160)

(1,369,365)

-

-

Purchase of property, plant and equipment

(Note a)

(23,062)

(41,090)

-

-

Purchase of investment properties

(Note b)

(115,171)

(150,626)

-

-

Additions to concession assets

(56,573

)

(47,702)

-

-

Proceeds from disposal of property, plant and equipment

16,496

1,032

43

-

Proceeds from disposal of investment properties

44,324

15,834

-

-

Proceeds from disposal of unquoted investment

-

216

-

-

Proceeds from disposal of associated companies

1,908

-

1,908

-

Net (outflow)/inflow from liquidation of subsidiary companies

(4,982)

25

-

-

Additional interest in a jointly controlled entity

-

(2,188)

-

(450)

Acquisition of additional shares in existing subsidiary companies

-

(43,799)

(6,000)

(43,801)

Acquisition of additional redeemable cumulative preference

shares in subsidiary companies

-

(15,450)

-

(15,450)

Acquisition of additional shares in existing jointly controlled entities

(254,644)

-

-

-

Capital contribution to an associated company

(93,249)

-

(93,249)

-

Net (outflow)/inflow from disposal of subsidiary companies

(528)

(483)

304

-

Repayment from/(Advances to) associated companies

9,720

(9,283)

9,742

(8,804)

Advances to subsidiary companies

-

-

(780,932)

(863,737)

Advances to jointly controlled entities

(173,257)

(50,741)

(79,105)

(21,084)

Deposit and part consideration paid for acquisition of land

-

(40,000)

-

-

Development expenditure paid

-

(11,121)

-

-

(Placement)/ Withdrawal of fixed deposits, sinking fund,

debt service reserve, escrow and revenue accounts

(7,121)

(3,222)

-

1,206

Redemption of preference shares

-

-

20,000

-

Dividends received

-

5,400

5,049

252,318

Interest received

39,708

28,595

36,201

110,276

Rental received

12,890

9,682

-

-

Net cash used in investing activities

(1,091,701)

(1,724,286)

(886,039)

(589,526)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from issuance of ordinary shares

- Placement and exercise of Warrants

-

1,338,568

-

1,338,568

- exercise of ESOS

28,577

-

28,577

-

Payment of share issuance expenses

(411)

(9,867)

(411)

(9,867)

Advances from subsidiary companies

-

-

593,172

74,403

Advances from a minority shareholder of a subsidiary company

15,619

30,323

-

-

Drawdown of bank borrowings

1,131,150

2,038,506

100,000

840,000

Repayment of bank borrowings

(777,265)

(1,232,590)

(100,000)

(750,000)

Proceeds from issuance of Perpetual bonds

609,000

-

609,000

-

Perpetual bonds distribution paid

(18,068)

-

(18,068)

-

Redemption of bonds

-

(250,000)

-

(250,000)

Interest paid

(2,923)

(2,019)

(38,648

)

(39,932)

Redeemable cumulative preference share dividends

paid to minority shareholder of subsidiary companies

(3,353)

(2,672)

-

-

Dividends paid

(97,229)

(254,477)

(97,229)

(254,477)

Net cash generated from financing activities

885,097

1,655,772

1,076,393

948,695

statements of cash flows

For the year ended 31 October 2014