44
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
GROUP FINANCIAL
REVIEW
2.
Liquidity and Capital Resources
Cashflow (in $ million)
FY2015
FY2014
Change (%)
Cashflow from:
Operating activities
24.6
1.4
nm
Investing activities
(8.4)
(4.3)
95%
Financing activities
(9.6)
(8.1)
19%
Net change in cash and cash equivalent
6.6
(11.0)
nm
Cash and cash equivalents at end of year
44.6
38.0
17%
Group’s cash and cash equivalents increased by 17% from $38.0 million as at 31 December 2014 to $44.6 million as at
31 December 2015.
The Group’s bank borrowings decreased from $20.0 million as at 31 December 2014 to $19.5 million as at 31 December 2015.
Net cash increased from $18.0 million as at 31 December 2014 to $25.1 million as at 31 December 2015. Net cash per share
increased from 4.0 cents per share in FY2014 to 5.5 cents per share in FY2015.
Operating Activities
Higher net cash inflow in FY2015 was due to higher operating profits and positive change in working capital from lower trade
receivables and higher payables offset by higher inventories.
Investing Activities
Higher net cash outflow in FY2015 was mainly due to the payment of the Tranche 2 contingent consideration of $5.9 million
for the acquisition of the remaining shares in NxGen.
Financing Activities
Higher cash outflow in FY2015 was mainly due to buyback of shares from the minority shareholder of Planet Telecoms (S) Pte
Ltd and higher repayment of bank loans.
