17
Annual Report 2015
TEHO INTERNATIONAL INC LTD.
SHAREHOLDERS’ EQUITY
Shareholders’ equity increased by $23.7 million
or 39.4% to $83.8 million as at 30 June 2015
from $60.1 million as at 30 June 2014. The
increase is due to the following (the amounts
below do not add up due to rounding):
• Issue of share capital amounting to $8.6
million. 42,857,143 shares were issued in
November 2014 as part of the purchase
consideration for the acquisition of ECG.
• Total comprehensive loss for FY2015
amounted to $5.3 million.
• Capital contribution by non-controlling
interests totalling $21.8 million.
• Dividends paid of $1.5 million.
CASH FLOWS
CASH FLOWS FROM OPERATING
ACTIVITIES
Operating cash outflows before changes in
working capital was $1.2 million in FY2015.
Net cash outflow used in working capital was
$0.3 million due to the following:
• Cash used arising from an increase in
inventories of $2.1 million
• Cash inflows arising from a decrease in
development properties of $1.1 million
• Cash inflows arising from a decrease in
trade and other receivables of $1.2 million
• Cash inflows arising from a increase in
trade and other payables of $0.4 million
After deducting income taxes paid of
$0.6 million, net cash used in operating
activities in FY2015 was $1.3 million.
CASH FLOWS FROM INVESTING
ACTIVITIES
Net cash used in investing activities in FY2015
was $5.4 million, comprising the following
(the amounts below do not add up due to
rounding):
• Cash used in the acquisition of ECG and
Liha, totalling $2.9 million
• Cash used for the purchase of plant and
equipment amounting to $2.2 million
• Proceeds from disposal of plant and
equipment, and investment in associated
company totalling $0.2 million
• Cash used in payment of contingent
consideration of $0.5million
CASH FLOWS FROM FINANCING
ACTIVITIES
Net cash from financing activities in FY2015
was $4.4 million, comprising the following:
• Contributions from non-controlling interests
amounting to $0.2 million
• Proceeds from bank borrowings and
finance leases amounting to $15.6 million
• Dividends paid to shareholders of $1.5
million
• Repayment of loan from directors of a
subsidiary, bank borrowings and finance
lease liabilities totalling $8.2 million
• Interest paid of $1.7 million
As a result of the above, cash and cash
equivalents decreased by $2.3 million during
FY2015. Cash and cash equivalents as at 30
June 2015 was $13.7 million.
There are no significant developments
subsequent to the release of the Group’s
and the Company’s preliminary financial
statements, as announced on 28 August
2015, which would materially affect the Group’s
and the Company’s operating and financial
performance as of 30 September 2015.
