Page 35 - GROUP 3 NAKED HOTEL LIMITED ANNUAL REPORT
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Naked Hotel Limited
Statement of Cash Flows Continued
for the year ended December 31, 2016
Notes 2016 2015
$’000 $’000
Cash flows from Investing Activities
Acquisition of Equipment 11 (810) -
Proceeds from Disposal of Equipment 27 239 -
Purchase of 150 days Fixed Deposit 20 (30,000) -
Net Cash used in Investing Activities (30,571) -
Cash Flow from Financing Activities
Interest Paid 6 (15,000) (20,000)
Dividends Paid 10 (11,880) (4,752)
Loan Payment 23 (25,000) (25,000)
Net Cash used in Financing Activities (51,880) (49,752)
Increase/(Decrease) in Cash & Cash (7,223) 15,508
Equivalents
Opening Cash & Cash Equivalents 80,817 65,309
Closing Cash & Cash Equivalents 21 73,594 80,817
Represented by:
Cash in hand & at bank 19 53,594 80,817
30 Day Fixed Deposit 20,000 -
Closing Cash & Cash Equivalents 21 73,594 80,817
The accompanying notes form an integral part of the financial statements.
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