46
Consolidated Statement of Cash Flows
Year ended December 31, 2014
January 1, 2014
to
December 31, 2014
(12 months)
April 1, 2013
to
December 31, 2013
(9 months)
$’000
$’000
Operating activities
Profit before income tax
185,116
69,265
Adjustments for:
Allowance (Write-back of) for doubtful receivables (net)
12
(8)
Inventories written-off
15,782
11,767
Depreciation of property, plant and equipment
62,618
42,193
Loss on disposal of property, plant and equipment (net)
1,551
420
Loss on disposal of associates
9
-
Reclassification of gain from fair value reserve to profit or loss
on disposal of available-for-sale investments
(10,969)
(7,418)
(Reversal) Impairment losses recognised on:
- property, plant and equipment (net)
(3,233)
3,606
- equity and unit trust investments
3,881
660
Write down of investments in associate
-
4,068
Share of (profits)/losses of associates
(5,120)
13,055
Dividend income
(41,450)
(27,638)
Write-back of patronage rebates
(124)
(174)
Interest income
(18,604)
(14,855)
Dividends on members’ shares
9,111
13,411
Operating cash flows before working capital changes
198,580
108,352
Inventories
(30,908)
(59,562)
Trade and other receivables
2,525
(2,223)
Trade and other payables
38,747
72,016
Cash generated from operations
208,944
118,583
Contribution to Central Co-operative Fund paid
(25)
(25)
Contribution to Singapore Labour Foundation paid
(34,608)
(21,635)
Income tax paid
(359)
(324)
Net cash from operating activities
173,952
96,599
