KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
59
The accompanying notes form an integral part of these financial statements.
CONSOLIDATED
STATEMENT OF CASH FLOWS
(continued)
Year ended 31 December 2014
Group
Note 2014
2013
$’000
$’000
Cash flows from financing activities
Interest paid
(422)
(722)
Dividend paid
(3,550)
(4,753)
Repayment of finance lease liabilities – net
(2,196)
(6,138)
Repayment of trust receipts
–
(1,233)
Repayment of term loans
(3,557)
(6,468)
Proceeds from issue of share capital
38,445
–
Payment of share issue expenses
(169)
–
Deposits pledged
206
(264)
Net cash from/(used in) financing activities
28,757
(19,578)
Net increase in cash and cash equivalents
46,387
4,580
Cash and cash equivalents at 1 January
2,335
(2,281)
Effect of exchange rate fluctuations on cash and cash equivalents
209
36
Cash and cash equivalents at 31 December
9
48,931
2,335
2014
2013
$’000
$’000
Significant non-cash transactions
Purchase of property, plant and equipment under finance leases, term
loans and deposits
5,697
5,781
Issuance of restructuring shares
–
36,133
