BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
82
ConsolidatedCash
FlowStatement
2013
2012
$
$
Cashflows from investing activities
Proceeds from disposal of property, plant and equipment
3,000
–
Purchase of property, plant and equipment
(4,526,282)
(394,317)
Net proceeds from disposal of investment in associates
40,523,942 21,850,674
Placement of short-termdeposits
(4,000,000)
–
Purchase of investment in an associate
(241,879)
–
Purchase of investment securities
(2,456,456)
(4,412,595)
Net cashflows from investing activities
29,302,325 17,043,762
Cashflows fromfinancing activities
Net proceeds from conversion of warrants
36,533,755 11,720,257
Net proceeds fromwarrant issue
– 2,543,170
Dividends paid on ordinary shares
(87,206,486)
(7,002,949)
Proceeds from loans andborrowings
– 17,666,533
Repayment of loans and borrowings
(3,678,049) (13,988,484)
Net cashflows (used in) / fromfinancing activities
(54,350,780)
10,938,527
Net increase in cash and cash equivalents
27,292,388 4,913,376
Effect of exchange rate changes on cash and cash equivalents
677,105
(288,627)
Cash and cash equivalents at beginning of financial year
173,901,562 169,276,813
Cash and cashequivalents at endof financial year (Note 22)
201,871,055 173,901,562
for the financial year ended 31December 2013
The accompanying accountingpolicies and explanatory notes form an integral part of the financial statements.
