ST Engineering Annual Report 2020

2020 2019 $’000 $’000 Net cash from operating activities 41,504 23,367 Net cash (used in)/from investing activities (34,474) 97,057 Proceeds from disposal of property, plant and equipment 256 104,250 Purchase of property, plant and equipment (29,548) (8,402) Dividends from joint ventures 900 1,100 Investment in an associate (6,082) – Disposal of joint ventures – 109 Disposal of other intangible assets – – Net cash (used in)/from financing activities (21,922) 37,828 Repayment of related party loans (19,707) – Repayment of bank loans – – Proceeds from related party loans 91,814 54,085 Loans to related parties 515 – Repayment of loans by related parties – 89,000 Dividends paid to shareholder (85,000) (95,000) Interest paid (5,029) (5,000) Repayment of lease liabilities (4,515) (5,257) Net (decrease)/increase in cash and cash equivalents (14,892) 158,252 Cash and cash equivalents at beginning of the year 321,922 164,006 Exchange difference on cash and cash equivalents at beginning of the year (159) (336) Cash and cash equivalents at end of the year 306,871 321,922 SECTORAL FINANCIAL REVIEW – MARINE (CURRENCY – SINGAPORE DOLLARS) STATEMENT OF CASH FLOWS / ST ENG I NEER I NG 300