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Annual Report 2017
131
Statements of
cash flows
For the year ended 31 March 2017
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Cash flows from investing activities
Proceeds from disposal of property, plant and equipment
3
205
2
-
Proceeds from plantation investment compensation
-
711
-
-
Repayment of obligation under finance lease
(645)
(442)
-
-
Acquisition of subsidiaries
-
(4,162)
-
-
Biological assets expenditure
(30,228)
(28,839)
-
-
Purchase of property, plant and equipment
(14,261)
(24,270)
(94)
(128)
Net dividends received
1,140
1,140
52,317
52,889
Interest received
8,792
6,481
9,649
7,493
Net cash (used in)/generated from investing activities
(35,199)
(49,176)
61,874
60,254
Cash flows from financing activities
Net drawdown of short term borrowings
765
9,337
1,496
8,488
Placement of fixed deposits
(23,000)
-
-
-
Dividends paid
(25,324)
(23,528)
(25,324)
(23,528)
Dividends paid by a subsidiary to non-controlling interests
(11,739)
(19,679)
-
-
Proceeds from exercise of ESS
7,821
1,303
7,821
1,303
Net cash used in financing activities
(51,477)
(32,567)
(16,007)
(13,737)
Net increase/(decrease) in cash and cash equivalents
106,297
26,142
(1,021)
104
Effect of foreign exchange rate changes in
cash and cash equivalents
13,891
(15,260)
-
-
Cash and cash equivalents at beginning of year
247,592
236,710
7,727
7,623
Cash and cash equivalents at end of year (Note 23)
367,780
247,592
6,706
7,727
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.