Singapore Airlines 2012 Annual Report Download - page 100

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098 SINGAPORE AIRLINES
Consolidated Statement of Cash Flows
For The Financial Year Ended 31 March 2012 (in $ million)
The Group
฀ ฀ Notes฀ 2011-12฀ 2010-11
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 448.2 1,419.0
Adjustments for:
Depreciation 21 1,588.5 1,671.7
Impairment of property, plant and equipment 21 15.8 15.7
Amortisation of intangible assets 22 23.1 24.3
Writeback of impairment of trade debtors 6 (0.2) (1.5)
Income from short-term investments 6 (1.6) (1.7)
Share-based compensation expense 5 18.1 17.9
Exchange differences 7.2 11.5
Amortisation of deferred gain on sale and operating leaseback transactions 6 (18.3) (29.0)
Finance charges 7 74.3 70.1
Interest income 8 (50.5) (37.3)
Loss/(Surplus) on disposal of aircraft, spares and spare engines 1.4 (103.3)
Dividends from long-term investments (18.0) (23.8)
Other non-operating items 9 (48.8) (80.1)
Share of profits of joint venture companies 25 (74.7) (74.6)
Share of profits of associated companies (51.4) (100.5)
Exceptional items 10 5.4 201.8
Operating profit before working capital changes 1,918.5 2,980.2
Increase in trade and other creditors 224.2 395.3
(Decrease)/Increase in sales in advance of carriage (3.0) 121.8
(Increase)/Decrease in trade debtors (132.3) 23.9
Decrease in deposits and other debtors 5.2 14.3
Decrease/(Increase) in prepayments 5.1 (11.0)
Decrease in inventories 29.4 40.0
Increase/(Decrease) in deferred revenue 51.9 (15.0)
Increase in amounts owing by associated companies - (2.0)
Cash generated from operations 2,099.0 3,547.5
Payment of cargo fines 10 (1.3) (201.8)
Income taxes paid (394.9) (60.5)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,702.8 3,285.2
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.