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Group Cash Flow StatementsIn S$ millionFor year ended 31 Mar 2004 2005 2006 2007 2008 2009 2010 2011Operating cash flow beforeworking capital changes 13,936 16,854 18,661 17,557 21,213 14,072 16,428 20,177Change in working capital (2,535) (4,353) 2,577 2,508 (287) 1,484 (4,155) (2,902)Cash generated from operations 11,401 12,501 21,238 20,065 20,926 15,556 12,273 17,275Income tax paid (1,151) (1,480) (1,558) (1,592) (1,942) (1,826) (1,260) (1,250)Net cash inflow fromoperating activities 10,250 11,021 19,680 18,473 18,984 13,730 11,013 16,025Net cash (outflow)/inflowfrom investing activities (7,701) (4,765) (16,509) (23,344) (30,431) 95 (5,285) (4,888)Net cash inflow/(outflow)from financing activities 6,770 (4,793) (238) 2,259 13,277 (6,398) (196) (1,697)Net increase/(decrease) in cashand cash equivalents held 9,319 1,463 2,933 (2,612) 1,830 7,427 5,532 9,44028 Temasek Review 2011