20
KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
OPERATIONS & FINANCIAL REVIEW
increase inborrowings of S$15.7million, whichwerenew loans
obtained for the purchase and enhancement of property, plant
and equipment.
Cashflow, Cash Position And SecureOutlook
Overall,netcashgeneratedfromoperatingactivitiesamounted
to S$2.1 million in FY2015. As at 31 December 2015, the
Group’s cash and cash equivalents stood at S$32.8million.
Going forward, the Group will focus on the strategic
enhancement of its facilities to enable it to take on higher-
value and more diverse projects as well as service larger and
more complex vessels. The Group will also be committed to
implement measures to effectively control costs. Moreover,
equippedwith awealth of knowledge and strongmanagement
expertise, the Group will remain resilient during this period of
challenges and emerge stronger.
