46
CONSOLIDATED STATEMENT OF CASH FLOWS
For the financial year ended 31 March 2015
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
(In Singapore dollars)
Note
2015
$’000
2014
$'000
(Restated)
Cash flows from operating activities:
Profit from operations before taxation
9,177
29,911
Adjustments for:
Depreciation of property, plant and equipment
12
12,565
10,310
Amortisation of intangible assets
10
289
444
Loss/(gain) on disposal of property, plant and equipment
4
156
(53)
Write-back of impairment of trade receivables
5
(197)
(962)
Bad debts written off
5
61
24
Allowance for inventory obsolescence
5
173
239
Net fair value loss on held–for–trading investment securities
3
–
39
Fixed assets written off
5
355
–
Gain on liquidation of a subsidiary
4
–
(224)
Employee equity benefits expense
30
758
757
Interest income
4
(177)
(278)
Interest expense
6
2,405
2,910
Share of results of a joint venture company
14
1,027
(105)
Impairment loss on goodwill
Provision made during the year
9
23
6,828
534
–
454
Gain on disposal of held-for-trading investment securities
3
–
(225)
Operating cash flows before changes in working capital
33,954
43,241
Decrease in receivables and prepayments
11,177
2,892
Decrease in inventories and work-in-progress
1,705
3,841
Decrease in payables
(8,116)
(7,710)
Currency realignment
(880)
(1,239)
Cash generated from operations
37,840
41,025
Interest income received
177
278
Interest expense paid
(2,413)
(2,933)
Taxes paid, net
(4,794)
(6,112)
Net cash generated from operating activities
30,810
32,258
