2014
2013
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of financial assets measured at cost
(2,427,001)
-
Purchase of investments accounted for using equity method
(528,000)
-
Payments for property, plant and equipment
(16,127,183)
(19,238,503)
Proceeds of the disposal of property, plant and equipment
209,640
270,531
Payments for intangible assets
-
(746,289)
Increase in refundable deposits
(29,087)
(25,242)
Decrease in refundable deposits
$ 118,569
$ 72,509
Increase in deferred revenue
2,022,539
1,460,014
Increase in oil and gas interests
(16,728,942)
(41,769,475)
Dividends received from associates and others
3,197,007
4,012,236
Decrease (increase) in other noncurrent assets
(1,602,101)
395,707
Net cash used in investing activities
(31,894,559)
(55,568,512)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds of short-term borrowings
74,624,909
110,438,458
Repayments of short-term borrowings
(67,999,978)
(123,084,379)
Proceeds of short-term bills payable
525,351,797
535,388,147
Repayments of short-term bills payable
(517,184,384)
(511,472,370)
Proceeds of issue of bonds payable
30,000,000
27,650,000
Repayments of bonds payable
(8,070,000)
(9,250,000)
Proceeds of long-term borrowings
-
16,000,000
Repayments of long-term borrowings
(17,220,000)
(12,200,000)
Proceeds of guarantee deposits received
1,468,569
1,892,943
Refund of guarantee deposits received
(2,589,541)
(1,501,032)
Increase (decrease) in other noncurrent liabilities
(25,302)
107,675
Decrease in bank overdraft
(199,126)
(4,639,296)
Net cash generated from financing activities
18,156,944
29,330,146
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
(6,663,041)
6,638,970
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR
9,004,218
2,365,248
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
$ 2,341,177
$ 9,004,218
