72
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
12 CASHAND CASH EQUIVALENTS
Note 2016
2015
$
$
Group
Cash at banks and in hand
6,655,846 6,758,457
Project accounts
(a)
1,139,443 6,986,248
Cash and cash equivalents in the statements
of financial position
7,795,289 13,744,705
Cash pledged for bank facilities
(b)
(13,000)
(13,000)
Cash and cash equivalents in the statement
of cash flows
7,782,289 13,731,705
Company
Cash at banks and in hand
307,646 146,349
(a) The amounts in project accounts are bank balances held under Housing
Developers (Project Account) (Amendment) Rules 1997, the use of which is subject
to restrictions imposed by the aforementioned rules.
(b) This is for amount held by bankers to cover the bank guarantees issued.
12 CASHAND CASH EQUIVALENTS (CONT’D)
Significant non-cash transaction
(a) Acquisition of property, plant and equipment
Group
Note 2016
2015
$
$
Additions of property, plant and equipment
4 2,026,339 5,284,187
Funded by bank loans
– (3,044,415)
Cash used in acquisition of property,
plant and equipment
2,026,339 2,239,772
(b) Development properties
During the financial year ended 30 June 2015, the non-controlling interest of a
subsidiary contributed a piece of land in relation to “The Bay” project in Cambodia
with a fair value of $21,656,648. This has been included under development
properties as at 30 June 2016.
(c)
Acquisition of subsidiary, net of cash acquired
Group
2016
2015
$
$
Cash consideration
– 3,514,304
Cash and cash equivalents acquired
– (590,318)
Net outflow of cash and cash equivalents
included in cash flows from investing activities
– 2,923,986
