i'mpact Singapore Tourism Board Annual Report 2010/2011
i'mpact Singapore Tourism Board Annual Report 2010/2011
i'mpact Singapore Tourism Board Annual Report 2010/2011
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STATEMENT OF CASH FLOWS<br />
Year ended 31 March <strong>2011</strong><br />
<strong>2010</strong>/<strong>2011</strong> 2009/<strong>2010</strong><br />
$’000 $’000<br />
Operating activities<br />
Surplus before contribution to consolidated fund 42,025 5,628<br />
Adjustments for:<br />
Depreciation of property, plant and equipment 8,680 9,811<br />
Depreciation of investment properties 293 273<br />
(Gain) Loss on disposal of property, plant and equipment (15) 104<br />
Loss on disposal of club membership - 9<br />
Interest income (1,700) (1,353)<br />
Deferred long-term lease income (116) (117)<br />
Amortisation of deferred capital grant (19) (19)<br />
Allowance/Write off for doubtful receivables 69 167<br />
Change in fair value of financial assets under fund management 410 (818)<br />
Finance lease income (1,435) (1,458)<br />
Surplus before movement in working capital 48,192 12,227<br />
Receivables and prepayments 2,579 26,529<br />
Advances and deposit received (4,726) 1,986<br />
Trade and other payables 23,186 13,820<br />
Cash generated from operating activities 69,231 54,562<br />
Interest received 3,135 2,811<br />
Net cash from operating activities 72,366 57,373<br />
Investing activities<br />
Purchase of property, plant and equipment (213,864) (69,687)<br />
Purchase of investment properties (869) (3,943)<br />
Proceeds from disposal of property, plant and equipment 83 20<br />
Repayment of finance lease from lessee 390 367<br />
Net increase in financial assets under fund management (960) (770)<br />
Net cash used in investing activities (215,220) (74,013)<br />
62
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