52
2013
2012
$’000
$’000
Operating activities
Profit before income tax
141,120
285,262
Adjustments for:
Allowance for doubtful receivables (net)
315
31
Inventories written-off
15,475
13,550
Depreciation of property, plant and equipment
47,624
46,030
Loss on disposal of property, plant and equipment (net)
650
1,064
Gain on disposal of jointly controlled assets
(1,457)
(98,232)
Recycling of gain from equity to profit or loss on
disposal of available-for-sale investments
(7,021)
(61,237)
Impairment losses made (reversed) in
property, plant and equipment (net)
3,673
(5,623)
Share of profits of associates
(15,560)
(3,488)
Dividend income
(31,991)
(28,141)
Write-back of patronage rebates
(135)
(47)
Interest income
(17,456)
(7,840)
Operating cash flows before working capital changes
135,237
141,329
Inventories
(20,138)
(23,608)
Trade and other receivables
22,000
(33,714)
Trade and other payables
15,050
54,527
Cash generated from operations
152,149
138,534
Dividends on share capital repayable on demand
14,241
10,616
Contribution to Central Co-operative Fund paid
(25)
(25)
Contribution to Singapore Labour Foundation paid
(51,830)
(30,022)
Income tax paid
(604)
(1,082)
Net cash from operating activities
113,931
118,021
CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended March 31, 2013
See accompanying notes to financial statements.
