Page 119 - Urban Renewal Authority 2023-24 Annual Report

Note 2024 2023

$’000 $’000 $’000 $’000

Cash flows from investing activities
Decrease in bank deposits with original
maturities of more than 3 months 4,109,543 2,562,211
Payment for purchase of investments at
amortised cost – (2,150,000)
Payment for purchase of property,
plant and equipment (9,772) (75,379)
Redemption of investments at amortised cost 1,150,000 83,325

Net cash generated from investing activities 5,249,771 420,157

Cash flows from financing activities
Redemption of debt securities 12 (300,000) (300,000)
Capital element of lease rentals paid 12 (37,825) (44,456)
Interest element of lease rentals paid 12 (3,564) (1,425)

Net cash used in financing activities (341,389) (345,881)

Net decrease in cash and cash equivalents (140,853) (2,747,954)
Cash and cash equivalents at 1 April 1,616,755 4,442,366
Exchange loss on cash and cash equivalents (27,044) (77,657)

Cash and cash equivalents at 31 March 1,448,858 1,616,755

Analysis of cash and bank balances
Cash and cash equivalents 1,448,858 1,616,755
Bank deposits with original maturities of
more than 3 months 15,094,656 19,206,414

Cash and bank balances at 31 March 12 16,543,514 20,823,169

The notes on pages 119 to 161 form part of these consolidated financial statements.

URA ANNUAL REPORT 2023-24 117