Page 23 - ar2011

Property, plant and equipment increased by
S$2.29 million to S$16.06 million in FY2011.
The increase was due mainly to acquisition of
motor vehicles, machinery and tools and costs
incurred for renovation and extension of offce.
Investment property increased by S$12.49
million to S$16.31 million in FY2011, due to
reclassifcation of the Benoi property from asset
held for sale and the acquisition of a property
located at Hougang.
Current assets decreased by S$8.73 million to
S$74.40 million in FY2011. This decrease was
due mainly to the reduction in cash and cash
equivalent and was partly offset by the increase
in inventories to enhance our product range,
catered to the opening of additional retail outlet
at West Coast Plaza and in anticipation of the
higher orders to be fulflled in early 2012 by
Switchgear division.
Trade and other payables increased by S$2.70
million in FY2011 and were due mainly to
purchases of more inventories.
Cash fow from operating activities was an
outfow of S$4.50 million for FY2011 as
compared to infow of S$5.51million for FY2010.
This was due mainly to increase in inventories
and trade and other receivables.
NATURAL COOL HOLDINGS LIMITED
Annual Report 2011 21
Net cash outfow from investing activities of
S$5.30 million for FY2011 was due mainly to
the acquisition of an investment property and
purchase of motor vehicles, machinery and tools
and costs incurred for renovation and extension
of offce
Net cash outfow from fnancing activities of
S$5.82 million for FY2011 was due mainly to
payment of dividend as well as repayments
of term loans. The outfow for repayment of
loans was partially offset by the proceeds from
exercise of warrants as well as the drawdown of
new bank loans.