STATEMENTS OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014 (CONT’D)
GROUP
COMPANY
2014
RM
2013
RM
2014
RM
2013
RM
Balance brought forward
11,961,948
5,274,841
24,561,839
64,024
CASH FLOWS FROM INVESTING ACTIVITIES
Additional investment in subsidiaries
-
-
(24,550,000)
-
Dividend received
-
54,911
-
54,911
Interest received
78,486
213,287
2,573
-
Development expenditure paid
(i)
(1,030,590)
(903,899)
-
-
Proceeds from disposal of property, plant and
equipment/non-current assets held for sale
54,917
413,800
-
-
Purchase of computer software
(686,360)
(653,496)
-
-
Purchase of property, plant and equipment
(ii)
(408,365)
(229,488)
-
(3,150)
Net cash (used in)/from investing activities
(1,991,912)
(1,104,885)
(24,547,427)
51,761
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of short term borrowings
(6,380,984)
(3,502,774)
-
-
Payment of finance lease liabilities
(125,882)
(70,710)
-
-
Repayment of term loan
-
(758,245)
-
-
Net cash used in financing activities
(6,506,866)
(4,331,729)
-
-
NET INCREASE/(DECREASE) IN CASH
AND CASH EQUIVALENTS BROUGHT
FORWARD
3,463,170
(161,773)
14,412
115,785
EFFECT OF FOREIGN EXCHANGE RATE
CHANGES
20,244
(40,090)
-
-
CASH AND CASH EQUIVALENTS AT
BEGINNING
4,898,974
5,100,837
566,433
450,648
CASH AND CASH EQUIVALENTS AT END 8,382,388
4,898,974
580,845
566,433
(i)
Development expenditure paid
Addition to development expenditure
(Note 6.1)
1,045,773
1,045,598
-
-
Less: Depreciation capitalised
(15,183)
(141,699)
-
-
1,030,590
903,899
-
-
(ii)
Purchase of property, plant and
equipment
Total acquisition cost
408,365
614,488
-
3,150
Acquired under finance lease
-
(385,000)
-
-
Total cash acquisition
408,365
229,488
-
3,150
The notes set out on pages 44 to 89 form an integral part of these financial statements.
•
Pentamaster Corporation Berhad
(572307-U)
Annual Report 2014
43
