TUNG LOK RESTAURANTS (2000) LTD / Annual Report
2016
45
Consolidated cash flow statement
For the year ended 31 March 2016
2016
2015
$
$
Financing activities
Advances from non-controlling interests in subsidiaries
25,000
400,000
Dividends paid to non-controlling interests in subsidiaries (Note B)
(507,326)
(290,000)
Repayment of loan from corporate shareholders
(133,320)
(133,000)
Repayment of bank loans
(1,973,146)
(3,399,619)
Repayment of obligations under finance leases
(229,691)
(172,333)
Rights issue net of issue expenses
–
9,308,389
Net cash flows (used in)/from financing activities
(2,818,483)
5,713,437
Net (decrease)/increase in cash and bank balances
(1,226,063)
3,693,784
Cash and bank balances at the beginning of the financial year
15,254,490 11,712,938
Effect of foreign exchange rate changes
(3,475)
(152,232)
Cash and bank balances at the end of the financial year (Note 11)
14,024,952 15,254,490
Note A:
During the financial year, the Group acquired property, plant and equipment with an aggregate cost of $2,572,611
(2015: $2,016,458) of which $105,978 (2015: $107,371) relates to provision for reinstatement costs of premises, $296,000
(2015: $347,600) was acquired under finance lease arrangements and $34,169 (2015: $463,221) remains unpaid at the end of
the reporting period. Cash payments of $2,599,685 (2015: $3,294,638) were made to purchase property, plant and equipment.
In addition, an advance payment of S$364,584 (2015: $Nil) was made for capital expenditures.
Note B:
During the financial year, the Group declared dividends amounting to $265,326 (2015: $272,000) to non-controlling interests in
subsidiaries of which $30,000 (2015: $272,000) remains unpaid at the end of the reporting period.
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
