Page 41 - ar2012

Annual Report 2012
Financial Report / 39
CONSOLIDATED STATEMENT
OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2012
Note 2012 2011
$’000 $’000
Cash fows from operating activities:
Proft from operations before taxation 13,898 13,318
Adjustments for:
Depreciation of property, plant and equipment 12 5,567 3,996
Amortisation of intangible assets 10 646 28
Gain on sale of property, plant and equipment 4 (370) (739)
Net fair value loss on investment securities 3 224 263
Net fair value loss on equity derivatives 3 134 502
Gain on sale of equity securities, net 4 (261) –
Interest income 4 (142) (191)
Interest expense 6 1,099 258
Dividend income 4 (231) (194)
Operating cash fows before changes in working capital 20,564 17,241
Increase/(decrease) in gross amount due from customers for contract work-in-progress 3,097 (273)
Decrease in receivables and prepayments 623 5,268
(Increase)/decrease in inventories (3,744) 1,508
Increase in payables 4,288 1,831
Currency realignment 396 (837)
Cash generated from operations 25,224 24,738
Interest income received 142 191
Interest expense paid (1,015) (248)
Taxes paid, net (3,755) (2,299)
Net cash generated from operating activities 20,596 22,382
(In Singapore dollars)
The accompanying accounting policies and explanatory notes form an integral part of the fnancial statements.