Notes to the Financial Statements - SingTel

Consolidated Statement of Cash FlowsFor the financial year ended 31 March 20112011 2010S$ Mil S$ MilCash Flows From Operating ActivitiesProfit before tax 4,446.4 4,501.1Adjustments for -Depreciation and amortisation 1,968.7 1,878.0Exceptional items (55.7) (4.7)Interest and investment (income)/ expense (net) (43.5) 8.4Finance costs 367.5 325.9Share of results of associated and joint venture companies (post-tax) (1,564.1) (1,862.1)Other non-cash items 18.8 36.5691.7 382.0Operating cash flow before working capital changes 5,138.1 4,883.1Changes in operating assets and liabilitiesTrade and other receivables (134.2) (455.7)Trade and other payables 101.4 357.2Inventories 31.6 (63.6)Currency translation adjustments of subsidiaries 16.6 26.2Cash generated from operations 5,153.5 4,747.2Payment to employees in cash under performance share plans (4.0) (2.2)Dividends received from associated and joint venture companies 1,194.0 953.6Income tax and withholding tax paid (300.5) (369.8)Net cash inflow from operating activities 6,043.0 5,328.8The accompanying notes on pages 102 to 194 form an integral part of these financial statements.Independent Auditors’ report – page 90ANNUAL REPORT 2010/2011 99