64
STAMFORD LAND CORPORATION LTD
CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended 31 March 2015
THE GROUP
Note
2015
$’000
2014
$’000
Cash Flows From Operating Activities
Profit for the Year
29,749
27,128
Adjustments for:
Income Tax Expense
11,231
7,314
Depreciation Expense of Property, Plant and Equipment
14,414
14,813
Dividend Income
(163)
(210)
Unrealised Foreign Exchange (Gains)/Losses
(1,280)
1,084
Fair Value Losses/(Gains) on Investment Properties
7,832
(409)
Interest Expense
14,821
15,212
Interest Income
(1,263)
(1,412)
(Gains)/Losses on Disposal of Property, Plant and Equipment
(465)
4
Property, Plant and Equipment Written Off
2,208
–
Fair Value Gains on Investments Held-for-Trading
(36)
–
Write-back of Impairment Loss on Completed Properties
(445)
–
76,603
63,524
Development Properties for Sale
20,235
(37,050)
Completed Properties for Sale
21,438
39,102
Inventories
197
82
Trade and Other Receivables
3,386
(2,593)
Trade and Other Payables
(4,953)
(1,244)
Derivative Financial Assets/Liabilities
(645)
601
Cash Generated from Operations
116,261
62,422
Income Taxes Paid
(8,138)
(8,148)
Net Cash From Operating Activities
108,123
54,274
