|
Notes |
2011 |
2010 |
|||||
|
S$’000 |
S$’000 |
||||||
|
Cash flows from operating activities: |
|||||||
|
Profit before tax |
197,406 |
190,462 |
|||||
|
Adjustments for: |
|||||||
|
Depreciation of fixed assets |
96,186 |
110,651 |
|||||
|
Gain on disposal of fixed assets |
(795 |
) |
(530 |
) |
|||
|
Amortisation of licences and spectrum rights |
10,882 |
6,349 |
|||||
|
Share option expenses |
1,798 |
1,434 |
|||||
|
Interest income |
(22 |
) |
(14 |
) |
|||
|
Interest expense |
5,958 |
5,845 |
|||||
|
Operating cash flows before working capital changes |
311,413 |
314,197 |
|||||
|
|
|||||||
|
Inventories |
(12,921 |
) |
1,966 |
||||
|
Trade debtors |
(9,482 |
) |
(90,942 |
) |
|||
|
Other debtors and deposits |
(1,877 |
) |
(2,448 |
) |
|||
|
Prepayments |
201 |
185 |
|||||
|
Non-current staff loans |
326 |
(41 |
) |
||||
|
Creditors and accruals |
37,957 |
5,369 |
|||||
|
Unearned revenue |
582 |
2,022 |
|||||
|
Related parties |
(228 |
) |
81 |
||||
|
Cash generated from operations |
325,971 |
230,389 |
|||||
|
Interest received |
22 |
14 |
|||||
|
Interest paid |
(5,417 |
) |
(5,905 |
) |
|||
|
Payment of tax |
(34,933 |
) |
(37,097 |
) |
|||
|
Net cash flows from operating activities |
285,643 |
187,401 |
|||||
|
|
|||||||
|
Purchase of fixed assets |
(102,670 |
) |
(99,862 |
) |
|||
|
Acquisition of subsidiary |
(500 |
) |
(1,000 |
) |
|||
|
Purchase of licences and spectrum rights |
(21,713 |
) |
(20,006 |
) |
|||
|
Proceeds from disposal of fixed assets |
628 |
535 |
|||||
|
Net cash flows used in investing activities |
(124,255 |
) |
(120,333 |
) |
|||
|
|
|||||||
|
Proceeds from bank loans |
43,000 |
116,500 |
|||||
|
Repayment of bank loans |
(55,700 |
) |
(69,500 |
) |
|||
|
Dividends paid on ordinary shares by the Company |
(161,320 |
) |
(121,244 |
) |
|||
|
Proceeds from issuance of share capital on exercise of employee share options |
15,686 |
8,520 |
|||||
|
Net cash flows used in financing activities |
(158,334 |
) |
(65,724 |
) |
|||
|
|
3,054 |
1,344 |
|||||
|
Cash and cash equivalents at beginning of financial year |
20 |
8,783 |
7,439 |
||||
|
Cash and cash equivalents at end of financial year |
20 |
11,837 |
8,783 |
||||
The accompanying accounting policies and explanatory notes form an integral part of these financial statements.