cash flows from operating activities
loss for the year
-166
-121
depreciation and amortisation
47
73
impairment -reverse/ losses
12
95
-profit/loss on disposal of tangible fixed assets
-9
3
foreign exchange -gain/loss
-32
32
net finance costs
235
103
share of profit of equity accounted investees
-8
-30
other income and expense
-
2
cash from operating activities before changes in
working capital and provisions
97
168
change in inventories
28
-11
change in trade and other receivables
81
-
change in trade and other payables
-59
15
effect of exchange rate fluctuations in net current
cash flows from operations before income taxes
142
137
cash flows generated from operating activities
124
116
the accompanying notes on pages 12 to 49 form an integral part of these consolidated financial
far-eastern shipping company plc
and its subsidiaries consolidated statement of cash flows
for the year ended 31 december 2015
-continued for the year ended
usd mln cash flows from investing activities
expenditure on other fixed assets
-16
-53
expenditure on drydocking
-3
-5
proceeds on disposal of fleet
5
-
8
proceeds on disposal of other fixed assets
11
4
other non-current assets acquired
-
-6
finance lease received
2
3
net cash used in investing activities
-1
-42
cash flows from financing activities
proceeds from borrowings
188
199
proceeds from bonds
106
-
repayment of borrowings
-164
-239
redemption of bonds
-165
-
restricted deposits
-11
-
acquisition of non-controlling interests
-
-1
net cash used in financing activities
-142
-148
effect of exchange rate fluctuations on cash and
-11
-51
net decrease in cash and cash equivalents
-30
-125
cash and cash equivalents at the beginning of the
66
191
cash and cash equivalents at the end of the year
36
66
