CONSOLIDATED CASH FLOW STATEMENT
For the Financial Year Ended 31 December 2014
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
2014
2013
(restated)
$’000
$’000
Cash flows from operating activities
Profit before tax from continuing operations
33,082
108,466
Loss before tax from discontinued operations
(7,704)
(15,169)
Profit before tax
25,378
93,297
Adjustments
Depreciation of property, plant and equipment
2,957
13,525
Amortisation of intangible assets
683
498
Dividend income
(8,193)
(1,806)
Interest income
(5,395)
(5,669)
Finance costs
29,748
27,161
Currency realignment
114
(7,090)
Fair value changes in investment properties and financial assets
5,388
(18,805)
Net gain on disposal of investments, property, plant and equipment and
investment properties
(28,291)
(102,640)
Impairment losses of investments, property, plant and equipment
1,267
2,699
Write off/Provisions for liabilities, exploration costs and other assets
12,087
6,062
Provision for employee benefits and receivables
2,325
8,374
Share of results of equity-accounted associates and joint ventures
(14,866)
16,835
Operating cash flows before changes in working capital
23,202
32,441
Decrease in development properties for sale
97
5,709
Decrease/(Increase) in inventories
9,839
(37,376)
(Increase)/Decrease in marketable securities
(64,033)
13,678
(Increase)/Decrease in trade and other receivables
(10,339)
67,558
Decrease in trade and other payables
(13,690)
(15,297)
Cash flows (used in)/from operations
(54,924)
66,713
Income taxes paid
(15,562)
(12,829)
Payment of finance costs
(28,310)
(25,784)
Interest received
3,860
5,044
Dividend income
1,385
1,118
Net cash flows (used in)/from operating activities
(93,551)
34,262
54
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
