Singapore Airlines 2013 Annual Report Download - page 102

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100
SINGAPORE AIRLINES
CONSOLIDATED STATEMENT OF CASH FLOWS
For The Financial Year Ended 31 March 2013 (in $ million)
The Group
Notes 2012-13 2011-12
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 482.0 448.2
Adjustments for:
Depreciation 21 1,589.1 1,588.5
Impairment of property, plant and equipment 21 9.8 15.8
Amortisation of intangible assets 22 22.7 23.1
Write-back of impairment of trade debtors 6 (8.8) (0.2)
Write-down of inventories 28 32.3 27.3
Income from short-term investments 6 (1.7) (1.6)
Provisions 20 168.2 133.4
Share-based compensation expense 5 5.4 18.1
Exchange differences 5.2 7.2
Amortisation of deferred loss/(gain) on sale and operating leaseback transactions 6 3.3 (18.3)
Finance charges 7 42.7 74.3
Interest income 8 (62.5) (50.5)
(Surplus)/Loss on disposal of aircraft, spares and spare engines (56.0) 1.4
Dividends from long-term investments (27.3) (18.0)
Other non-operating items 9 (11.9) (48.8)
Share of profits of joint venture companies 25 (96.2) (74.7)
Share of profits of associated companies 24 (61.5) (51.4)
Exceptional items 10 19.9 5.4
Operating profit before working capital changes 2,054.7 2,079.2
Increase in trade and other creditors 269.0 90.8
Decrease in sales in advance of carriage (22.5) (3.0)
Increase in trade debtors (251.7) (132.3)
(Increase)/Decrease in deposits and other debtors (8.1) 5.2
(Increase)/Decrease in prepayments (4.7) 5.1
(Increase)/Decrease in inventories (1.1) 2.1
Increase in deferred revenue 35.5 51.9
Cash generated from operations 2,071.1 2,099.0
Payment of cargo fines 10 (24.0) (1.3)
Income taxes paid (192.7) (394.9)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,854.4 1,702.8
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.