KINGSMEN CREATIVES LTD
ANNUAL REPORT
2014
43
Group
2014
2013
$’000
$’000
Cash flows from financing activities
Dividends paid on ordinary shares
(7,782)
(7,725)
Dividends paid to non-controlling interest of subsidiaries
(136)
(99)
Proceeds from draw down of loans and borrowings
8,478
2,197
Repayment of loans and borrowings
(6,429)
(2,101)
Repayment of finance lease obligations
(41)
(71)
Increase in deposits pledged to banks for banking facilities
(52)
(57)
Net cash flows used in financing activities
(5,962)
(7,856)
Net increase in cash and cash equivalents
18,800
9,929
Effect of exchange rate changes on cash and cash equivalents
400
653
Cash and cash equivalents at beginning of year
62,160
51,578
Cash and cash equivalents at end of year (Note 23)
81,360
62,160
* Amount less than $1,000
Consolidated Statement of Cash Flows
for the year ended 31 December 2014
The accompanying notes form an integral part of these financial statements.
