Singapore Airlines 2010 Annual Report Download - page 92

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SINGAPORE AIRLINES
90
consolidated statement of cash flows
For the financial year ended 31 March 2010 (in $ million)
The Group
Notes 2009-10 2008-09
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 285.5 1,198.6
Adjustments for:
Depreciation 19, 21 1,713.8 1,649.7
Impairment of property, plant and equipment 19 6.1 41.4
Amortisation of intangible assets 20 42.7 45.5
Impairment of trade debtors - 12.3
Income from short-term investments 6 (1.6) (1.7)
Share-based compensation expense 5 43.5 68.6
Exchange differences (2.0) (3.4)
Amortisation of deferred gain on sale and operating leaseback transactions (64.7) (86.1)
Finance charges 7 68.9 89.7
Interest income 8 (49.5) (96.0)
Surplus on disposal of aircraft, spares and spare engines (25.4) (60.6)
Surplus on disposal of non-current assets - (2.1)
Dividends from long-term investments, gross (33.0) (23.7)
Other non-operating items 9 (34.2) (29.4)
Share of profits of joint venture companies 24 (56.1) (63.9)
Share of profits of associated companies (93.0) (111.1)
Operating profit before working capital changes 1,801.0 2,627.8
Decrease in trade and other creditors (40.9) (516.5)
Increase/(Decrease) in sales in advance of carriage 194.4 (536.7)
(Increase)/Decrease in trade debtors (6.6) 428.6
Decrease/(Increase) in deposits and other debtors 157.8 (160.3)
Decrease in prepayments 0.6 3.0
Decrease in inventories 24.2 56.5
(Decrease)/Increase in deferred revenue (40.7) 65.1
Decrease in amounts owing by associated companies - 0.1
Increase/(Decrease) in amounts owing to associated companies 1.4 (0.6)
Cash generated from operations 2,091.2 1,967.0
Income taxes paid (125.0) (300.0)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,966.2 1,667.0
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.