Page 41 - ar2012

37 Annual Report 2012
Consolidated Statement of Cash Flows
For the Financial Year Ended 30 September 2012
Group
2012
S$
(Restated)
2011
S$
Cash Flows from Operating Activities
Proft before income tax 27,266,430 10,335,754
Adjustments for:
Fair value gain on investment properties (10,282,029) (2,150,630)
Depreciation of property, plant and equipment 140,720 125,478
Gain on disposal of plant and equipment (10,000) -
Fair value (gain)/loss on fnancial assets, at fair value through proft or loss (50,126) 42,758
Gain on disposal of fnancial assets, at fair value through proft or loss - (1,627)
Bad debts written off for other receivables - 3,261
Interest expense 202,548 496,536
Interest income (26,582) (4,112)
Dividend income (3,295) (7,162)
Share of results of associated companies, net of tax (1,854,891) (392,108)
Operating cash fow before working capital changes 15,382,775 8,448,148
Trade and other receivables and other current assets (4,091,985) (10,338,902)
Trade and other payables 542,191 336,293
Development properties for sale (25,891,427) (25,541,985)
Cash used in operations (14,058,446) (27,096,446)
Interest received 26,582 4,112
Income tax paid, net (812,203) (298,123)
Net cash fow used in operating activities (14,844,067) (27,390,457)
Cash Flows from Investing Activities
Purchase of property, plant and equipment (233,254) (65,158)
Proceeds from disposal of property, plant and equipment 10,000 -
Purchase of fnancial assets, at fair value through proft or loss - (76,000)
Proceeds from disposal of fnancial assets, at fair value through proft or loss - 77,627
(Increase)/decrease in fxed deposits with a maturity of more than 3 months (133) 39,992
Dividend received from associated companies (Note A) - 503,000
Dividend received from other equity investments 3,295 7,162
Net cash fow (used in)/generated from investing activities (220,092) 486,623
The accompanying notes form an integral part of the fnancial statements