FGV Annual Report 2012

18 Felda Global Ventures Holdings Berhad Group Company 2012 2011 2012 2011 (Restated) RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of plantation estates (54,690) – – – Purchase of property, plant and equipment (147,016) (155,633) (50) (461) Purchase of biological assets (69,224) (45,252) – – Purchase of intangible assets (16,145) – (6,217) – Accretion of interest in subsidiaries – (3,827) – – Additional investment in subsidiaries – – (283,400) – Initial Public Offering (“IPO”) of sugar business – 1,160,505 – 457,289 Proceeds from disposal of subsidiaries – – 820,683 – Net cash out flow from acquisition of a subsidiary (9,884) – – – Net cash out flow from disposal of subsidiaries – (12,325) – – Payment for asset retirement obligation (29) (33) – – Payment for restructuring costs (1,309) – – – Proceeds from disposal of property, plant and equipment 6,187 486 – – Additional investment in jointly controlled entiti-entities (38,984) (75,664) – – Advance to subsidiaries – – (1,180,417) – Deposit for acquisition of a subsidiary – (5,775) – – Dividend received from subsidiaries – – 314,502 17,500 Dividend received from associates 195,110 203,685 113,190 203,685 Net cash (used in)/generated from investing activities (135,984) 1,066,167 (221,709) 678,013 CASH FLOWS FROM FINANCING ACTIVITIES Drawdown of borrowings 100,000 332,133 316,679 – Repayment of borrowings (475,523) (290,000) (320,259) (290,000) Net proceeds from bankers acceptances 172,700 71,300 – – Repayment of LLA liability (388,103) – – – Repayment of loan by a related party – 10,456 – – Disbursement of loan to a jointly controlled entity (29,552) (45,520) – – Proceeds from redemption of RCPS – – – 120,000 Payment for capital lease – (461) – – Dividend paid to shareholders (200,648) (25,000) (200,648) (25,000) Dividend paid to non-controlling interests (65,447) (36,481) – – Interest expense paid (104,176) (123,327) (93,856) (103,575) Decrease/(increase) in fixed deposits pledged for bank facilities 305,277 (286,510) 305,067 (290,667) Net capital contribution to a significant shareholder# – (1,304,500) – – Proceeds from issuance of shares, net of share issuance expenses 4,325,962 – 4,325,962 – Net cash generated from/(used in) financing activities 3,640,490 (1,697,910) 4,332,945 (589,242) Statements of Cash Flows for the financial year ended 31 December 2012