15
OPERATIONS REVIEW
The Group’s borrowings were US$41.6 million as
at 31 December 2014, compared to US$32.3 million
as at 31 December 2013. This increase was largely
attributed to additional loans taken up for the Group’s
upstream projects and its investment property at
81 Playfair Road.
The Group’s net operating cash flow position improved,
with a net operating cash inflow of US$2.8 million in
FY2014, compared to a net operating cash outflow
of US$4.4 million in FY2013. The Group’s cash
and cash equivalents was US$19.8 million as at 31
December 2014, compared to US$27.7 million as at 31
December 2013.
The Group’s net assets as at 31 December 2014 were
US$138.4 million. The net asset value per ordinary share
(excluding non-controlling interests) as at 31 December
2014 was 25.94 US cents compared to 31.15 US cents
as at 31 December 2013.
Food Empire at the SIAL 2014 in Paris, France
Food Empire Building
Food Empire Holdings Limited Annual Report 2014
