Page 29 - cosmosteel

Ourmanagement teammaintains
constant vigilance over our
cashflow balances to ensure
the Group is always in a healthy
positionwith adequate cashflow
for the sound operation of
its business.
In thefinancial yearunder review,
net cash fromoperatingactivities
declined by S$6.3 million from
S$9.5 million the previous year
to S$3.2 million in FY2013, as a
result of lower profits generated
in FY2013.
Net cash used in investing
activities decreased to S$0.2
million in FY2013 as compared
to S$1.4million inFY2012, when
an investment was made in a
capitalguaranteedfinancialasset.
Despite an increase in dividends
paid, net cash used for financing
activities decreased fromS$5.7
million to S$2.2 million, as a
result of higher inflow of cash
fromboth short-termand long-
term borrowings.
S$’000 FY2013 FY2012
Net cash flows from operating activities 3,198 9,480
Net cash flows used in investing activities (179) (1,446)
Net cash flows used in financing activities (2,200) (5,662)
Net increase in cash and cash equivalents 819 2,372
Cash at end of the year* 20,389 19,570
* Excluding cash restricted in use over three months
STATEMENT OF CASH FLOWS