Notes |
2009
S$’000 |
2008
S$’000 | |||
| Cash flows from operating activities: | |||||
| Profit before tax | 175,106 |
185,024 |
|||
Adjustments for: |
|||||
| Depreciation of fixed assets | 121,719 |
117,824 |
|||
| (Gain) Loss on disposals of fixed assets | (600) |
3 |
|||
| Amortisation of licences/spectrum rights | 6,407 |
6,070 |
|||
| Share option expenses | 1,267 |
1,087 |
|||
| Interest income | (50) |
(377) |
|||
| Interest expense | 6,462 |
7,578 | |||
| Operating cash flows before working capital changes | 310,311 |
317,209 |
|||
Changes in: |
|||||
| Inventories | (16,591) |
(134) |
|||
| Trade debtors | (16,322) |
11,588 |
|||
| Other debtors | (3,725) |
958 |
|||
| Prepayments | (1,289) |
(1,673) |
|||
| Non-current staff loans | 39 |
(119) |
|||
| Creditors and accruals | 1,857 |
(15,745) |
|||
| Unearned revenue | (872) |
(1,450) |
|||
| Related parties | (4,076) |
(1,854) | |||
| Cash generated from operations | 269,332 |
308,780 |
|||
| Interest received | 50 |
381 |
|||
| Interest paid | (6,564) |
(7,660) |
|||
| Payment of tax | (40,825) |
(47,015) | |||
| Net cash flows from operating activities | 221,993 |
254,486 | |||
Cash flows from investing activities: |
|||||
| Purchase of fixed assets | (118,962) |
(94,137) |
|||
| Acquisition of subsidiary | (13,253) |
- |
|||
| Purchase of licences and spectrum rights | - |
(2,775) |
|||
| Purchase of club membership | (65) |
- |
|||
| Proceeds from disposals of fixed assets | 610 |
103 | |||
| Net cash flows used in investing activities | (131,670) |
(96,809) | |||
Cash flows from financing activities: |
|||||
| Proceeds from bank loans | 42,500 |
- |
|||
| Repayment of bank loans | (23,500) |
(35,000) |
|||
| Dividends paid on ordinary shares by the Company | (119,932) |
(129,750) |
|||
| Proceeds from issuance of share capital on exercise of employee share options | 261 |
1,773 | |||
| Net cash flows used in financing activities | (100,671) |
(162,977) | |||
Net changes in cash and cash equivalents |
(10,348) |
(5,300) |
|||
| Cash and cash equivalents at beginning of financial year | 20 |
17,787 |
23,087 | ||
| Cash and cash equivalents at end of financial year | 20 |
7,439 |
17,787 |
The accompanying accounting policies and explanatory notes form an integral part of the financial statements. |
