Singapore Airlines 2015 Annual Report Download - page 104
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The Group
Notes FY2014/15 FY2013/14
Cash flow from operating activities
Profit before taxation 442.9 367.9
Adjustments for:
Depreciation 21 1,538.8 1,575.5
Impairment of property, plant and equipment 21 1.5 20.2
Amortisation of intangible assets 22 25.9 25.7
Impairment of trade debtors 6 0.7 1.1
Writedown of inventories 28 38.1 22.3
Income from short-term investments 6 (1.7) (1.6)
Provisions 20 339.5 177.6
Share-based compensation expense 5 9.2 4.7
Exchange differences (44.8) (8.7)
Amortisation of deferred gain on sale and operating leaseback transactions 6 (5.7) (12.6)
Finance charges 7 49.6 37.3
Interest income 8 (74.9) (62.7)
Surplus on disposal of aircraft, spares and spare engines (51.9) (51.2)
Dividends from long-term investments (13.2) (19.6)
Other non-operating items 9 14.3 (1.9)
Share of profits of joint venture companies 25 (52.0) (94.0)
Share of losses of associated companies 24 129.1 45.2
Exceptional items 10 (34.5) 38.3
Operating cash flow before working capital changes 2,310.9 2,063.5
Decrease in trade and other creditors (319.5) (23.3)
(Decrease)/Increase in sales in advance of carriage (55.9) 12.0
Decrease in trade debtors 199.6 138.9
Decrease in deposits and other debtors 22.5 4.8
Increase in prepayments (2.8) (4.3)
(Increase)/Decrease in inventories (0.5) 9.6
Increase in deferred revenue 39.6 40.4
Cash generated from operations 2,193.9 2,241.6
Payment of fines 10 (10.4) (78.3)
Income taxes paid (116.3) (65.2)
Net cash provided by operating activities 2,067.2 2,098.1
Consolidated Statement of Cash Flows
For The Financial Year Ended 31 March 2015 (in $ million)
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
102 FINANCIAL