Asia-Pacific Strategic Investments Limited - Annual Report 2021

Consolidated Statement of Cash Flows For the financial year ended 30 June 2021

Note 2021

2020

S$’000

S$’000

Cash flows from operating activities Net loss

(5,056)

(6,962)

Adjustments for: - Income tax credit

(15)

9(a)

(13)

398

- Interest expense on bank borrowings - Interest expense on lease liabilities - Interest income from bank deposits

8 8

37 41

27

(4)

(6)

(72)

- Dividend income

7 5 5 7 7

(244)

1,589

- Depreciation of property, plant and equipment

1,272

8

- Amortisation of intangible assets

10

1,097

- Fair value losses on financial assets, at FVPL - Loss on disposal of financial assets, at FVPL - Unrealised currency translation differences

444 455

84

(1,273) (3,217)

(52)

(5,018)

Change in working capital: - Development properties - Trade and other receivables - Financial assets, at FVPL

(1,315)

(1,345)

(863) (694)

4

3,551

7

- Inventories

(183)

44

- Other current assets

609

278

- Trade and other payables Cash used in operations

1,040 (1,342)

(5,760)

(1)

- Income tax (paid)/refunded, net

9(b)

1 6

4

- Interest received

Net cash used in operating activities

(5,757)

(1,335)

Cash flows from investing activities - Additions to property, plant and equipment

(11)

(8,235)

-

- Addition to intangible assets

21

(37)

72 61

- Dividends received

244

Net cash provided by/(used in) investing activities

(8,028)

Cash flows from financing activities - Proceed from issuance of new shares pursuant to exercise of warrants

5

25

-

(438)

- Principal repayment of lease liabilities - Repayment of bank borrowings - Drawdown of bank borrowings - Interest paid for bank borrowings

(383)

(2,024)

-

6,096

6,966

(398)

(37) (41)

(27)

- Interest paid for lease liabilities

Net cash provided by financing activities

3,214

6,505

Net decrease in cash and cash equivalents

(2,482)

(2,858)

Cash and cash equivalents Beginning of financial year

4,030

6,874

(11)

Effects of currency translation on cash and cash equivalents

14

End of financial year

1,537

11

4,030

The accompanying notes form an integral part of these financial statements.

ANNUAL REPORT 2021

59