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CONSOLIDATED STATEMENT OF CASH FLOWS
For the fnancial year ended 31 March 2014
(In Singapore dollars)
Note
2014
$’000
2013
$’000
(Restated)
Cash fows from operating activities:
Proft from operations before taxation 30,336 20,642
Adjustments for:
Depreciation of property, plant and equipment 12 10,310 7,147
Amortisation of intangible assets 10 19 1,317
Gain on disposal of property, plant and equipment 4 (53) (794)
Net fair value loss on held-for-trading investment securities 3 39 104
Loss on disposal of available-for-sale fnancial assets, net 5 – 248
Net change in fair value of available-for-sale fnancial assets reclassifed
to proft or loss upon obtaining control 5 – 4,803
Fixed assets written off – 3
(Gain)/loss on liquidation of a subsidiary 4,5 (224) 256
Employee equity benefts expense 31 757 100
Interest income 4 (278) (49)
Interest expense 6 2,910 1,546
Dividend income 4 – (34)
Share of results of a joint venture company 14 (105) –
Gain on disposal of held-for-trading investment securities 3 (225) –
Operating cash fows before changes in working capital 43,486 35,289
Decrease/(increase) in receivables and prepayments 3,955 (19,539)
Decrease in inventories and work-in-progress 2,079 154
(Decrease)/increase in payables (7,256) 11,265
Currency realignment (1,239) (408)
Cash generated from operations 41,025 26,761
Interest income received 278 49
Interest expense paid (2,933) (1,456)
Taxes paid, net (6,112) (3,510)
Net cash generated from operating activities 32,258 21,844