Singapore Airlines 2016 Annual Report Download - page 115

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The Group
Notes FY2015/16 FY2014/15
Cash flow from investing activities
Capital expenditure 34 (2,909.0) (2,600.2)
Purchase of intangible assets 34 (45.5) (30.9)
Proceeds from disposal of aircraft and other property, plant and equipment 492.9 997.8
Purchase of long-term investments (259.5) (590.3)
Proceeds from disposal of long-term investments –9.5
Purchase of short-term investments (275.5) (367.0)
Proceeds from disposal of short-term investments 166.1 487.1
Dividends received from associated and joint venture companies 78.6 114.3
Dividends received from investments 116.2 14.1
Interest received from investments and deposits 77.8 54.9
Proceeds from liquidation of an associated company –18.5
Proceeds from disposal of an associated company –7.3
Proceeds from disposal of a subsidiary company, net of cash disposed 0.1 8.9
Acquisition of a subsidiary company, net of cash acquired 23 (f) –135.6
Loan to an associated company (62.0) –
Investments in associated companies (84.8) (33.2)
Investment in a joint venture company – (39.6)
Proceeds from partial disposal of an associated company 4.9 –
Net cash used in investing activities (2,699.7) (1,813.2)
Cash flow from financing activities
Dividends paid 13 (315.4) (481.2)
Dividends paid by subsidiary companies to non-controlling interests 13 (43.6) (72.0)
Acquisition of non-controlling interests without a change in control (458.5) (3.4)
Issuance of share capital by a subsidiary company 1.5 –
Interest paid (53.8) (41.5)
Proceeds from borrowings 4.9 8.8
Repayment of borrowings (41.4) (38.2)
Repayment of long-term lease liabilities (54.1) (52.3)
Proceeds from exercise of share options 24.4 45.8
Proceeds from issuance of bonds –500.0
Proceeds from issuance of rights shares to non-controlling interests –100.5
Repayment of bonds (300.0) –
Purchase of treasury shares 15 (85.4) (107.0)
Net cash used in financing activities (1,321.4) (140.5)
Net cash (outflow)/inflow (1,015.6) 113.5
Cash and cash equivalents at beginning of the financial year 5,042.7 4,883.9
Effect of exchange rate changes (54.7) 45.3
Cash and cash equivalents at end of the financial year 3,972.4 5,042.7
Analysis of cash and cash equivalents
Fixed deposits 32 3,002.7 4,034.8
Cash and bank 32 969.7 1,007.9
Cash and cash equivalents at end of the financial year 3,972.4 5,042.7
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Annual Report FY2015/16 113