FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 190 STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 Group Company 2013 2012 2013 2012 Note RM’000 RM’000 RM’000 RM’000 CASH FLOWS FROM FINANCING ACTIVITIES Drawdown of loan from a significant shareholder 1,067,400 - 1,067,400 - Repayment of loan to a significant shareholder (214,286) - (214,286) - Drawdown of borrowings 1,097,884 100,000 - 316,679 Repayment of borrowings (716,955) (475,523) - (320,259) Net (repayment of)/proceeds from bankers acceptances (432,000) 172,700 - - Repayment of LLA liability (325,894) (388,103) - - Dividend paid to shareholders (528,982) (200,648) (528,982) (200,648) Dividend paid to non-controlling interests (72,337) (65,447) - - Finance expense paid (96,213) (104,176) (88,680) (93,856) Decrease in fixed deposits pledged for bank facilities 15,369 305,277 - 305,067 Proceeds from issuance of shares, net of share issuance expenses - 4,325,962 - 4,325,962 Net cash (used in)/generated from financing activities (206,014) 3,670,042 235,452 4,332,945 NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (663,846) 4,219,523 (2,281,242) 4,026,127 Effect of foreign exchange rate changes 19,716 (4,004) - 2,633 CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 5,673,003 1,457,484 4,183,705 154,945 CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 34 5,028,873 5,673,003 1,902,463 4,183,705 Significant non-cash transactions: (a) Financial year ended 31 December 2013 Company (i) On 14 November 2013, the Company subscribed for 23,206,521 ordinary shares of RM1.00 each from Felda Global Ventures Downstream Sdn. Bhd. (“FGVD”), a wholly owned subsidiary of the Company, by conversion of amount due from FGVD of RM23,206,521. (ii) On 18 December 2013, the Company subscribed for 8,874,529 ordinary shares of RM1.00 each from Felda Global Ventures Plantation Sdn. Bhd. (“FGVP”), a wholly owned subsidiary of the Company, by conversion of amount due from FGVP of RM8,874,529. (b) Financial year ended 31 December 2012 Group and Company On 17 May 2012, the Company converted its 329,949,500 Redeemable and Non-voting Convertible Preference Shares (“RCPS”) and 570,590,000 Redeemable Cumulative and Non-voting Convertible Preference Shares (“RCCPS”) at a nominal value of RM0.01 and a premium of RM0.99 per shares into 900,539,500 ordinary shares of RM1.00 each, resulting in an increase the issued and paid up share capital of the Company by RM900,539,500 from RM1,767,612,000 to RM2,668,151,500. Company (i) On 31 December 2012, the Company subscribed for 1,142,038,242 RCPS of RM0.01 each from FGVD, by conversion of amount due from FGVD of RM1,142,038,242. (ii) On 31 December 2012, the Company subscribed for 196,493,801 RCPS of RM0.01 each from FGVP, by conversion of amount due from FGVP of RM196,493,801.