Page 73 - Neal and Massy Holdings Annual Report 2012

71 forward focused
2012 2011
$ $
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment,
investment property and held for sale assets 80,633 78,679
Proceeds from sale of other investments 27,861 31,782
Additions to property, plant and equipment,
investment property and held for sale assets 5 (374,444) (238,224)
Net increase in other investments, other intangibles,
non-controlling interests and investments in associated
companies and joint ventures (35,613) (151,130)
Net cash used in investing activities (301,563) (278,893)
Cash flows from financing activities:
Proceeds from borrowings 161,790 63,455
Repayments of borrowings (209,928) (81,384)
Proceeds from issue of shares 14,307 1,876
Dividends paid to Company’s shareholders 21 (131,220) (129,192)
Dividends paid to non-controlling interests 22 (47,472) (36,712)
Net cash used in financing activities (212,523) (181,957)
Net increase in cash and cash equivalents 184,020 60,688
Cash, cash equivalents and bank overdrafts at beginning of the year 1,110,972 1,046,599
Effects of exchange rate changes on cash and bank overdrafts (1,345) 3,685
Cash, cash equivalents and bank overdrafts at the end of the year 1,293,647 1,110,972
Cash and cash equivalents 19 1,316,490 1,131,500
Bank overdrafts and other short term borrowings 23 (22,843) (20,528)
1,293,647 1,110,972
Cash and cash equivalents:
Continuing operations 1,304,737 1,123,142
Transfered to disposal group classified as held for sale 11,753 8,358
1,316,490 1,131,500
The notes on pages 72 to 157 are an integral part of these consolidated financial statements.
Notes