Consolidated Statement of Cash Flows
Year ended 31 December 2014
The accompanying notes form an integral part of these financial statements.
TIH Limited
22
TIH Limited
Note
2014
2013
$’000
$’000
Restated
Cash flows from operating activities
Profit for the year
591
42,717
Adjustments for:
Income tax expense
–
4,529
Interest income from deposits
(111)
(106)
Interest income from unquoted equity investments
(2,245)
(2,152)
Dividends/distributions from subsidiaries
(179)
(7,675)
Dividends/distributions from equity investments
–
(64)
Depreciation on property, plant and equipment
23
–
Interest expense on financial liabilities measured at amortised cost
81
–
Consideration for termination of the Management Agreement
–
13,750
Net change in fair value of investments at fair value through
profit or loss
(2,679)
(4,460)
Net change in fair value of derivative financial instruments
373
–
(4,146)
46,539
Changes in operating assets and liabilities
Investments
(29,049)
73
Loan receivable
–
1,338
Other receivables
15,521
(49)
Other payables
(12,758)
169
Provisions
(487)
–
Cash (used in)/from operations
(30,919)
48,070
Dividends/distributions from subsidiaries
179
7,675
Dividends/distributions received from equity investments
61
70
Net interest received
110
787
Performance incentive fees paid
–
(4,925)
Performance incentive fees refunded
–
1,440
Income tax paid
–
(4,723)
Net cash (used in)/from operating activities
(30,569)
48,394
Cash flows from investing activities
Purchase of property, plant and equipment
(102)
–
Net cash used in investing activities
(102)
–
