Baker Technology LimitedAnnual Report 2014
45
CASH FLOWS
2014
2013
%
$’000 $’000 Change
Cash fromoperating activities
9,030
52,341
-83%
Cash (used in) / from investing activities
(8,125)
29,302
NM
Cashused in financing activities
(36,550)
(54,351)
-33%
Net (decrease) / increase in cash& cashequivalent
(35,645)
27,292
NM
Effect of exchange rate changes on cash and cashequivalents
2,459
677
+263%
Cash& cashequivalent at beginningof year
201,871
173,902
+16%
Cash& cashequivalent at endof year
168,685
201,871
-16%
*NMdenotesNon-Meaningful.
The Group reported a lower cash flow from operating activities predominantly due to higher working capital
requirements, especially for work-in-progress.
During theyear, theGrouphadalso invested incorporatebonds toenhance interest yield, purchasedfixedassets to
boost production capabilities andpaid$45.2million individends to shareholders. As a result, theGroup reporteda
negativenet cash flowof approximately $36million for FY2014.
TheGroup’s cashposition remains very strong at over $160million as at end 2014, or 18.3 cents per share.
