Singapore Airlines 2016 Annual Report Download - page 114

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The Group
Notes FY2015/16 FY2014/15
Cash flow from operating activities
Profit before taxation 972.4 442.9
Adjustments for:
Depreciation 21 1,543.0 1,538.8
Impairment of property, plant and equipment 21 10.6 1.5
Amortisation of intangible assets 22 32.7 25.9
(Writeback of impairment)/Impairment of trade debtors 6 (4.7) 0.7
Writedown of inventories 28 26.6 38.1
Income from short-term investments 6 (1.8) (1.7)
Provisions 20 218.5 339.5
Share-based compensation expense 5 12.4 9.2
Exchange differences 16.3 (44.8)
Amortisation of deferred gain on sale and operating leaseback transactions 6 (7.6) (5.7)
Finance charges 7 50.3 49.6
Interest income 8 (70.7) (74.9)
Surplus on disposal of aircraft, spares and spare engines (52.7) (51.9)
Dividends from long-term investments (115.3) (13.2)
Other non-operating items 9 (91.1) 14.3
Share of profits of joint venture companies 25 (22.8) (52.0)
Share of losses of associated companies 24 11.1 129.1
Exceptional items 10 – (34.5)
Operating cash flow before working capital changes 2,527.2 2,310.9
Decrease in trade and other creditors (68.2) (319.5)
Increase/(Decrease) in sales in advance of carriage 161.5 (55.9)
Decrease in trade debtors 295.2 199.6
(Increase)/Decrease in deposits and other debtors (28.3) 22.5
Increase in prepayments (7.9) (2.8)
Increase in inventories (6.5) (0.5)
Increase in deferred revenue 56.9 39.6
Cash generated from operations 2,929.9 2,193.9
Refund/(Payment) of fines 116.5 (10.4)
Income taxes paid (40.9) (116.3)
Net cash provided by operating activities 3,005.5 2,067.2
Consolidated Statement of Cash Flows
For The Financial Year Ended 31 March 2016 (in $ million)
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Singapore Airlines112
FINANCIAL