ST Engineering Annual Report 2020

2020 2019 $’000 $’000 Net cash from operating activities 649,671 345,312 Net cash used in investing activities (103,682) (865,741) Proceeds from sale of property, plant and equipment 8,338 13,482 Dividends from associates and joint ventures 5,773 36,371 Purchase of property, plant and equipment (91,866) (175,132) Investment in joint ventures and an associate – (13,073) Acquisition of a subsidiary – (688,905) Proceeds from disposal of subsidiaries – 8,855 Additions to other intangible assets (25,927) (47,339) Net cash (used in)/from financing activities (451,168) 740,450 Capital contribution from non-controlling interests 13,260 375 Return of capital to non-controlling interests of a subsidiary – (8,652) Proceeds from bank loans 18,149 32,198 Proceeds from other loans 19,565 – Repayment of bank loans (37,850) (47,069) Proceeds from lease liabilities 2,936 – Repayment of lease liabilities (27,999) (64,601) Proceeds from related party loans – 1,283,629 Repayment of related party loans (194,606) (163,501) Dividends paid to shareholder (193,000) (231,000) Dividends paid to non-controlling interests (17,319) (12,247) Interest paid (34,304) (48,682) Net increase in cash and cash equivalents 94,821 220,021 Cash and cash equivalents at beginning of the year 227,552 10,185 Exchange difference on cash and cash equivalents at beginning of the year (454) (2,654) Cash and cash equivalents at end of the year 321,919 227,552 SECTORAL FINANCIAL REVIEW – AEROSPACE (CURRENCY – SINGAPORE DOLLARS) STATEMENT OF CASH FLOWS / ST ENG I NEER I NG 288