KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
58
Consolidated statement of cash flows
Year ended 31 December 2015
The accompanying notes form an integral part of these financial statements.
Group
Note 2015
2014
$’000
$’000
Cash flows from financing activities
Interest paid
(510)
(422)
Dividends paid
(3,550)
(3,550)
Repayment of finance lease liabilities – net
(2,625)
(2,196)
Repayment of term loans - net
(3,025)
(3,557)
Proceeds from issue of shares
–
38,445
Payment of share issue expenses
–
(169)
Deposits withdrawn
264
206
Net cash (used in)/from financing activities
(9,446)
28,757
Net (decrease)/increase in cash and cash equivalents
(16,908)
46,387
Cash and cash equivalents at 1 January
48,931
2,335
Effect of exchange rate fluctuations on cash held
83
209
Cash and cash equivalents at 31 December
9
32,106
48,931
Significant non-cash transaction
Purchase of property, plant and equipment under finance leases and term loans
15,138
5,697
