Excel Force MSC Berhad Annual Report 2015

E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 5 46 Group Company 2015 2014 2015 2014 Note RM RM RM RM CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of a subsidiary for cash, net of cash acquired 34 - 721,363 - (306,000) Repayment from subsidiary - - 200,000 - Interest received from: - deposits with licensed banks 4,156 1,901 1,036 1,196 - short term funds 347,427 317,521 338,794 317,521 Purchase of property, plant and equipment 7 (431,952) (8,260,024) (399,478) (8,232,812) Proceeds from disposal of property, plant and equipment 48,355 5,349,757 47,882 5,349,757 Net cash (used in)/from investing activities (32,014) (1,869,482) 188,234 (2,870,338) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid 28 (6,203,043) (5,169,202) (6,203,043) (5,169,202) Interest paid (418) (9,792) (418) (9,792) Repayments of - hire purchase and finance lease liabilities (25,562) (435,601) (25,562) (435,601) - term loan (981,108) (816,674) (981,108) (816,674) Ordinary share capital subscribed by non-controlling interests of a subsidiary - 294,000 - - Net cash used in financing activities (7,210,131) (6,137,269) (7,210,131) (6,431,269) NET DECREASE IN CASH AND CASH EQUIVALENTS (921,095) (3,519,589) (1,048,356) (4,334,928) EFFECTS OF EXCHANGE RATE CHANGES 75,810 22,861 75,810 22,861 CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 20,547,111 24,043,839 19,555,739 23,867,806 CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 14 19,701,826 20,547,111 18,583,193 19,555,739 STATEMENTS OF CASH FLOWS for the Financial Year Ended 31 December 2015 (cont’d) The accompanying notes form an integral part of the financial statements.