ANNUAL REPORT FY2015
31
CASHFLOW
In FY2015, the Group’s operations
generated net cash flow of
$17.5 million, an improvement of
about 19.0% compared to the
previous year, thereby providing
the necessary capital resources
to fund the Group’s growth and
expansion plans.
During the year in review, the
Group invested $21.6 million
in capital expenditure for the
acquisition of The Baba House in
Melaka and for renovating and
upgrading hotels in Singapore,
Malaysia and Thailand, and in
the purchase of available-for-sale
investments.
The net cash used for financing
activities in FY2015 decreased to
$3.1 million (FY2014 : $43.8 million)
due to lower hotel investment
quantum required.
As at 31 December 2015, the
Group posted cash and cash
equivalents amounting to $17.0
million.
