| Notes | 2015 S$'000 |
2014 S$'000 |
|
| Cash flows from operating activities: | |||
| Profit before tax | 218,420 | 217,074 | |
| Adjustments for: | |||
| Depreciation of fixed assets | 105,411 | 102,618 | |
| Gain on disposal of fixed assets | (109) | (639) | |
| Amortisation of licences, spectrum rights and other intangibles | 13,037 | 11,791 | |
| Share-based payments | 2,062 | 1,815 | |
| Interest income | (37) | (107) | |
| Interest expense | 4,918 | 4,043 | |
| Operating cash flows before working capital changes | 343,702 | 336,595 | |
| Changes in: | |||
| Inventories | (21,179) | (1,278) | |
| Trade debtors | (16,244) | (4,876) | |
| Other debtors and deposits | (6,555) | (2,110) | |
| Prepayments | (3,637) | 109 | |
| Non-current staff loans | (87) | 101 | |
| Creditors and accruals | (11,773) | (23,669) | |
| Unearned revenue | (969) | 1,714 | |
| Related parties | 371 | (819) | |
| Cash generated from operations | 283,629 | 305,767 | |
| Interest received | 35 | 115 | |
| Interest paid | (4,900) | (4,041) | |
| Tax paid | (39,630) | (28,956) | |
| Net cash flows from operating activities | 239,134 | 272,885 | |
| Cash flows from investing activities: | |||
| Purchase of fixed assets | (133,482) | (139,684) | |
| Purchase of spectrum rights | – | (40,127) | |
| Purchase of long-term investments | (8,471) | – | |
| Proceeds from sale of licence | – | 85 | |
| Proceeds from disposal of fixed assets | 110 | 1,293 | |
| Net cash flows used in investing activities | (141,843) | (178,433) | |
| Cash flows from financing activities: | |||
| Proceeds from bank loans | 171,100 | 110,000 | |
| Repayment of bank loans | (119,300) | (58,000) | |
| Dividends paid on ordinary shares by the Company | 32 | (177,024) | (196,915) |
| Proceeds from issuance of ordinary shares on exercise of employee share | |||
| options | 15,123 | 18,796 | |
| Net cash flows used in financing activities | (110,101) | (126,119) | |
| Net changes in cash and cash equivalents | (12,810) | (31,667) | |
| Cash and cash equivalents at beginning of financial year | 21 | 22,783 | 54,450 |
| Cash and cash equivalents at end of financial year | 21 | 9,973 | 22,783 |
The accompanying accounting policies and explanatory notes form an integral part of these financial statements.
