HOTEL ROYAL
̛Ө
ROYAL MEMORIES
32
2015
2014
$’000
$’000
17,501
14,709
(21,562) (59,685)
3,138
43,792
(923) (1,184)
17,037
17,834
FY 2015 FY 2014 FY 2013 FY 2012 FY 2011
$’000
$’000
$’000
$’000
$’000
Cash on hand
144
154
144
148
123
Cash at bank
15,677
16,053
18,106 17,511
12,028
Fixed deposits
1,216
1,627
1,850
4,066
7,285
Total
17,037
17,834
20,100 21,725
19,436
Cash and cash equivalents for the Group consists of cash on hand, cash
at bank and fixed deposits. The fixed deposit of $0.6 million of a subsidiary
company was pledged for a loan facility which was secured by a
mortgage over the subsidiary’s freehold hotel property and investment
property, fixed and floating charge on all the assets of the subsidiary,
subordination of intercompany advances made to the subsidiary, fixed
deposits and corporate guarantee from the Company.
Our fixed deposits typically earn interest ranging from 2.25% to 3.30% per
annum and for terms ranging from 30 to 270 days for the Group.
Net cash from operating activities
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at end of year
The increase was mainly due to better
contribution from Burasari Resort, Phuket;
Hotel Royal, Singapore and investment
properties from New Zealand.
The decrease was due to no major hotel
acquisition and reduced hotels’ upgrading
costs in the current year.
The decrease was due to lesser bank loan
required to finance hotel acquisition in
FY2015.
CASH AND CASH EQUIVALENTS
($’000)
FY2011
FY2012
FY2013
FY2014
FY2015
19,436
21,725
20,100
17,834
17,037
25,000
20,000
15,000
10,000
5,000
0
GROUP CASH AND CASH EQUIVALENTS
