Page 47 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended December 31, 2025

(All amounts are in Kuwaiti Dinars)

Note 2025 2024
Cash flows from investing activities:

Fixed deposits (1,500,000) 6,750,000
Paid for purchase of property and equipment (8,677,410) (8,380,470)
Proceeds from disposal of property and equipment 187,788 797,001
Paid for purchase of investment properties - (3,399,506)

Finance charges capitalized for investment properties 8 - (82,925)
Interest income received 141,905 232,798
Dividend income received 17,215 14,569
Net cash flows used in investing activities (9,830,502) (4,068,533)

Cash flows from financing activities:
Loans and borrowings (162,214) (6,482,549)
Finance charges paid (428,927) (391,114)
Lease payments 11 (710,332) (687,747)

Cash dividends paid (3,899,328) (3,303,812)
Net cash flows used in financing activities (5,200,801) (10,865,222)
Net decrease in cash and cash equivalents (2,472,296) (1,798,917)
Foreign currency translation adjustments 64,932 (58,801)
Cash and cash equivalents at the beginning of the year 3,530,374 5,388,092

Cash and cash equivalents at the end of the year 3 1,123,010 3,530,374

Significant non-cash transactions adjusted in the above consolidated statement of cash flows are as set
out below:

Note 2025 2024
Additions to right-of-use assets 7 (440,251) (715,653)
Additions to lease liabilities 11 440,251 715,653

- -

The accompanying notes from (1) to (28) form an integral part of the consolidated financial statements.

45 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.