Singapore Airlines 2014 Annual Report Download - page 108

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106
SINGAPORE AIRLINES
CONSOLIDATED STATEMENT OF CASH FLOWS
For The Financial Year Ended 31 March 2014 (in $ million)
The Group
Notes FY2013/14 FY2012/13
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 367.9 469.6
Adjustments for:
Depreciation 21 1,575.5 1,589.1
Impairment of property, plant and equipment 21 20.2 9.8
Amortisation of intangible assets 22 25.7 22.7
Impairment/(writeback) of impairment of trade debtors 6 1.1 (8.8)
Writedown of inventories 28 22.3 32.3
Income from short-term investments 6 (1.6) (1.7)
Provisions 20 177.6 168.2
Share-based compensation expense 5 4.7 5.4
Exchange differences (8.7) 5.2
Amortisation of deferred (gain)/loss on sale and operating leaseback transactions 6 (12.6) 3.3
Finance charges 7 37.3 42.7
Interest income 8 (62.7) (62.5)
Surplus on disposal of aircraft, spares and spare engines (51.2) (56.0)
Dividends from long-term investments (19.6) (27.3)
Other non-operating items 9 (1.9) (11.9)
Share of profits of joint venture companies 25 (94.0) (94.9)
Share of (losses)/profits of associated companies 24 45.2 (50.4)
Exceptional items 10 38.3 19.9
Operating profit before working capital changes 2,063.5 2,054.7
(Decrease)/Increase in trade and other creditors (23.3) 269.0
Increase/(Decrease) in sales in advance of carriage 12.0 (22.5)
Decrease/(Increase) in trade debtors 138.9 (251.7)
Decrease/(Increase) in deposits and other debtors 4.8 (8.1)
Increase in prepayments (4.3) (4.7)
Decrease/(Increase) in inventories 9.6 (1.1)
Increase in deferred revenue 40.4 35.5
Cash generated from operations 2,241.6 2,071.1
Payment of cargo fines 10 (78.3) (24.0)
Income taxes paid (65.2) (192.7)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,098.1 1,854.4
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.