FGV Annual Report 2014

Group Company Note 2014 RM’000 2013 RM’000 2014 RM’000 2013 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 (499,286) (214,286) (499,286) (214,286) Drawdown of borrowings 5,524,256 1,573,884 – – Repayment of borrowings (5,281,169) (1,624,955) – – Repayment of LLA liability (336,401) (325,894) – – Dividends paid to shareholders (583,704) (528,982) (583,704) (528,982) Dividends paid to non-controlling interests (146,417) (72,005) – – Finance expense paid (177,620) (96,213) (129,630) (88,680) Decrease in fixed deposits pledged for bank facilities – 15,369 – – Net cash (used in)/generated from financing activities (1,500,341) (205,682) (1,212,620) 235,452 NET DECREASE IN CASH AND CASH EQUIVALENTS (1,481,177) (663,733) (1,393,296) (2,281,242) Effect of foreign exchange rate changes 14,014 19,716 8,360 – CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 5,028,986 5,673,003 1,902,463 4,183,705 CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 34 3,561,823 5,028,986 517,527 1,902,463 Significant non-cash transactions: (a) Financial year ended 31 December 2014 Company (i) On 31 October 2014, the Company subscribed for 24,406,589 ordinary shares of RM1.00 each from Felda Global Ventures Plantations Sdn. Bhd. (“FGVP”), a wholly owned subsidiary of the Company, by conversion of an amount due from FGVP of RM24,406,589. (b) 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. Felda Global Ventures Holdings Berhad pg 176 STATEMENTS OF CASH FLOWS As At 31 December 2014