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STAMFORD LAND CORPORATION LTD
2012
$’000
2011
$’000
Cash Flows From Investing Activities
Proceeds from Disposal of Assets Held for Sale – 22,770
Proceeds from Disposal of Property, Plant and Equipment 8 35
Purchase of Property, Plant and Equipment (18,242) (18,789)
Additions to Properties under Development – (6,266)
Additions to Investment Properties (256) –
Interest Received 1,127 3,547
Dividends Received 103 155
Net Cash (Used in)/From Investing Activities (17,260) 1,452
Cash Flows From Financing Activities
Proceeds from Borrowings 26,485 121,074
Repayment of Borrowings (183,951) (24,178)
Interest Paid (24,868) (24,414)
Dividends Paid to Equity Holders (25,915) (17,277)
Net Cash (Used in)/From Financing Activities (208,249) 55,205
Net Increase in Cash and Cash Equivalents 17,762 39,793
Cash and Cash Equivalents at Beginning of the Year 66,551 26,716
Effect of Foreign Exchange Rates Adjustment 161 42
Cash and Cash Equivalents at End of the Year 84,474 66,551
The accompanying notes form an integral part of these fnancial statements.
Consolidated Statement of Cash Flows
Year ended 31 March 2012