Baker Technology LimitedAnnual Report 2014
79
2014
2013
$
$
Cash flows from investing activities
Proceeds fromdisposal of property, plant andequipment
–
3,000
Purchaseof property, plant andequipment
(5,550,951)
(4,526,282)
Purchaseof intangible asset
(834,113)
–
Net proceeds fromdisposal of investment in an associate
–
40,523,942
Maturity/(placement) of short-termdeposits
4,000,000
(4,000,000)
Purchaseof investment in an associate
–
(241,879)
Purchaseof investment securities
(5,740,137)
(2,456,456)
Net cash flows (used in)/from investing activities
(8,125,201)
29,302,325
Cash flows fromfinancing activities
Net proceeds from conversionof warrants
8,696,056
36,533,755
Dividends paidonordinary shares
(45,246,122)
(87,206,486)
Repayment of loans andborrowings
–
(3,678,049)
Net cash flows used in financing activities
(36,550,066)
(54,350,780)
Net (decrease)/increase in cash and cashequivalents
(35,645,060)
27,292,388
Effect of exchange rate changes on cash and cashequivalents
2,459,408
677,105
Cash and cashequivalents at beginningof financial year
201,871,055
173,901,562
Cash and cash equivalents at endof financial year (Note 21)
168,685,403
201,871,055
The accompanying accountingpolicies andexplanatory notes form an integral part of the financial statements.
CONSOLIDATED
CASH FLOWSTATEMENT
For the financial year ended 31December 2014
