244 REDISCOVER | REBUILD | SUSTAIN Notes to the financial statements - 31 December 2015 28. Cash flows from investing activities Group Corporation 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Purchase of ships, offshore floating assets and other property, plant and equipment (1,301,576) (1,708,835) (292,073) (822,456) Acquisition of a subsidiary (Note 15) (54,111) – (54,111) – Cash acquired on acquisition of a subsidiary 56,008 – – – Issuance of loans to subsidiaries net of repayment – – 245,866 (163,639) Dividend received from: Quoted equity investments 2,628 7,587 2,611 7,587 Subsidiaries – – 507,568 1,619,699 Joint ventures 45,109 665,532 25,585 43,706 Repayment of loans due from subsidiaries – – – 241,032 Repayment of loans due from associates and joint ventures 276,931 2,772 276,931 2,772 Proceeds from disposal of ships, other property, plant and equipment and held for sale assets 119,092 626,482 105,481 624,926 Deposit forfeited – 5,000 – 5,000 Proceeds from disposal of - quoted investment – 221,641 – 221,641 - investment in joint venture 3,246,279 – – – Acquisition of non-controlling interests – (58,910) – (58,910) Interest received 61,531 61,916 185,608 31,420 Progress payments under finance lease under construction (1,256,005) – (1,256,005) – Fixed deposit placement (3,457) (168,382) – – Fixed deposit withdrawal 143,382 – – – Net cash generated from/ (used in) investing activities 1,335,811 (345,197) (252,539) 1,752,778
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