Page 42 - ar2012

38 GoodLand Group Limited
Consolidated Statement of Cash Flows
For the Financial Year Ended 30 September 2012
Group
2012
S$
(Restated)
2011
S$
Cash Flows from Financing Activities
Proceeds from issuance of ordinary shares - 4,480,264
Proceeds from issuance and exercise of warrants 57,280 1,190,488
Share and warrants issue expenses - (330,623)
Proceeds from borrowings 46,802,559 40,116,517
Repayment of borrowings (23,103,503) (6,638,123)
(Increase)/decrease in pledged deposits (364) 9,358
Repayment of fnance lease liabilities (48,400) (30,539)
Advances from associated companies 672,458 396,461
Interest paid (2,237,350) (1,491,582)
Dividend paid (1,923,520) -
Net cash generated from fnancing activities 20,219,160 37,702,221
Net increase in cash and cash equivalents 5,155,001 10,798,387
Cash and cash equivalents at the beginning of the year 12,854,504 2,071,525
Effect of exchange rate changes on cash and cash equivalents
held in foreign currencies (5,088) (15,408)
Cash and cash equivalents at the end of the year (Note 16) 18,004,417 12,854,504
Note A
Non-cash transactions
During the fnancial year ended 30 September 2012, the Company approved the following:
2012
S$
(Restated)
2011
S$
Set off dividend income against amount due to associate companies
Dividend income 1,643,687 503,000
Less: Amount due to associated companies (1,643,687) -
Net cash effect - 503,000
The accompanying notes form an integral part of the fnancial statements