ST Engineering Annual Report 2020

2020 2019 $’000 $’000 Net cash from operating activities 574,210 75,372 Cash flows used in investing activities (22,988) (28,156) Proceeds from sale of property, plant and equipment 120 121 Proceeds from disposal of a joint venture – 5,338 Dividends from associates 6,600 7,068 Purchase of property, plant and equipment (24,243) (29,144) Additions to other intangible assets (5,465) (11,539) Cash flows used in financing activities (249,035) (36,530) Interest paid (6,706) (9,459) Repayment of leases liabilities (12,345) (8,768) Repayment of related party loans (167,648) (48,810) Proceeds from related party loans 22,664 147,083 Dividends paid to related parties (85,000) (116,576) Net increase in cash and cash equivalents 302,187 10,686 Cash and cash equivalents at beginning of the year 153,508 143,079 Exchange difference on cash and cash equivalents at beginning of the year (658) (257) Cash and cash equivalents at end of the year 455,037 153,508 SECTORAL FINANCIAL REVIEW – LAND SYSTEMS (CURRENCY – SINGAPORE DOLLARS) STATEMENT OF CASH FLOWS / ST ENG I NEER I NG 296