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50 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED MARCH 31, 2013
2013 2012
HK$’000 HK$’000
Investing activities:
Purchase of property, plant and equipment (2,330) (12,332)
Decrease in short-term bank deposit - 2,905
Placement of restricted bank deposits - (27,256)
Withdrawal of restricted bank deposits 20,095 -
Proceeds from disposal of property, plant and equipment 143 3
Acquisition of investment in associates (49,000) -
Net cash used in investing activities (31,092) (36,680)
Financing activities:
Dividend paid to shareholders (29,499) (38,516)
Dividend paid to non-controlling interests - (960)
Proceeds from rights issue - 46,128
Proceeds from exercise of share options - 420
Repayment of trust receipt loans (1,489,893) (2,163,958)
Proceeds from trust receipt loans 1,605,365 1,830,331
Repayment of bank borrowings (102,299) (35,257)
Proceeds from bank borrowings 76,416 92,000
Net cash from (used in) financing activities 60,090 (269,812)
Net increase (decrease) in cash and cash equivalents 56,235 (80,099)
Cash and cash equivalents at beginning of year 333,258 417,068
Effects of exchange rate changes on the balance of cash held in foreign currencies 902 (3,711)
Cash and cash equivalents at end of year 390,395 333,258
See accompanying notes to financial statements.