Notes |
2008 S$’000 |
2007 S$’000 |
|
| Cash flows from operating activities: | |||
| Profit before tax | 185,024 |
194,499 |
|
| Adjustments for: | |||
| Depreciation of fixed assets | 117,824 |
110,611 |
|
| Loss on disposals of fixed assets | 3 |
- |
|
| Amortisation of licences/spectrum rights | 6,070 |
6,070 |
|
| Share option expenses | 1,087 |
1,565 |
|
| Interest income | (377) |
(2,721) |
|
| Interest expense | 7,578 |
9,472 |
|
| Operating cash flows before working capital changes |
317,209 |
319,496 |
|
| Changes in: | |||
| Inventories | (134) |
(2,806) |
|
| Trade debtors | 11,588 |
1,133 |
|
| Other debtors | 958 |
4,142 |
|
| Prepayments | (1,673) |
752 |
|
| Non-current staff loans | (119) |
(87) |
|
| Creditors and accruals | (16,559) |
(1,611) |
|
| Unearned revenue | (636) |
(911) |
|
| Related parties | (1,854) |
3,157 |
|
| Cash generated from operations | 308,780 |
323,265 |
|
| Interest received | 381 |
2,963 |
|
| Interest paid | (7,660) |
(9,768) |
|
| Payment of tax | (47,015) |
(87,418) |
|
| Net cash flows from operating activities | 254,486 |
229,042 |
|
| Cash flows from investing activities: | |||
| Purchase of fixed assets | (94,137) |
(56,340) |
|
| Purchase of licences and spectrum rights | (2,775) |
- |
|
| Proceeds from disposals of fixed assets | 103 |
- |
|
| Net cash flows used in investing activities | (96,809) |
(56,340) |
|
| Cash flows from financing activities: | |||
| Proceeds from bank loans | - |
360,000 |
|
| Repayment of bank loans | (35,000) |
(325,000) |
|
| Capital distributions | 22 |
- |
(261,313) |
| Dividends paid on ordinary shares by the Company |
(129,750) |
(96,744) |
|
| Proceeds from issuance of share capital on exercise of employee share options |
1,773 |
4,810 |
|
| Net cash flows used in financing activities | (162,977) |
(318,247) |
|
| Net changes in cash and cash equivalents | (5,300) |
(145,545) |
|
| Cash and cash equivalents at beginning of financial year |
19 |
23,087 |
168,632 |
| Cash and cash equivalents at end of financial year |
19 |
17,787 |
23,087 |
The accompanying accounting policies and explanatory notes form an integral part of the financial statements. |
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