70
Reference
Cash Flow Statement
PwC Holdings Ltd and its Subsidiaries
Consolidated Statement of Cash Flows
For the nancial year ended 31 December 2010
Note 2010 2009 FRS 7(1)
$’000 $’000 SGX 1207(5)(c)
Cash ows from operating activities
1
FRS 7(10,18(b))
Total prot 31,976 18,020
Adjustments for FRS 7(20)(b-c)
- Income tax expense 14,958 7,531
- Employee share option expense 690 622
- Amortisation, depreciation and impairment
2
23,204 10,097
- Gain on disposal of property, plant and equipment (17) (8)
- Impairment loss on nancial assets, available-for-sale 575 –
- Net gain on disposal of nancial assets, available-for-sale (200) –
- Reclassication adjustments from hedging reserve to prot or loss (230) (354)
- Loss on disposal of a subsidiary 945 –
- Fair value loss/(gain) on investment property 123 (50)
- Interest income
3
(1,180) (620) FRS 7(31-34)
- Dividend income
3
(2,230) (400) FRS 7(31-34)
- Finance expenses
3
9,812 7,884 FRS 7(31-34)
- Share of loss/(prot) of associated companies 174 (145)
- Unrealised currency translation (gains)/losses
6
970 1,001 FRS 7(25,26)
79,570 43,578
Change in working capital, net of effects from FRS 7(20)(a)
acquisition and disposal of subsidiaries
- Inventories and construction work-in-progress (7,887) 1,031
- Trade and other receivables (6,986) 1,117
- Financial assets, at fair value through prot or loss (2,651) (500)
- Trade and other payables (8,527) 526
- Provisions for liabilities and other charges (308) 39
Cash generated from operations
5
53,211 45,791
Interest received
3
35 13 FRS 7(31)
Interest paid
3
(5,789) (9,574) FRS 7(31)
Income tax paid (15,504) (10,974) FRS 7(35)
Net cash provided by operating activities 31,953 25,256
Cash ows from investing activities FRS 7(21)
Acquisition of a subsidiary, net of cash acquired 47 (13,400) – FRS 7(39,42)
Additions to property, plant and equipment
4
(9,565) (6,042) FRS 7(16(a),43)
Additions to investment property (288) (2,040)
Additions of intangible assets (2,813) (700) FRS 7(16)(a)
Purchases of nancial assets, available-for-sale (3,956) (691) FRS 7(16)(c)
Purchases of nancial assets, held-to-maturity (472) (372) FRS 7(16)(c)
Disposal of a subsidiary, net of cash disposed of 13 179 – FRS 7(39,42)
Disposal of property, plant and equipment 4,974 2,995 FRS 7(16)(b)
Disposal of investment property 70 –
Disposal of nancial assets, available-for-sale 300 – FRS 7(16)(d)
Loans to an associated company (1,455) (547) FRS 7(16)(e)
Repayment of loans by an associated company 63 98 FRS 7(16)(f)
Dividends received
3
2,230 396 FRS 7(31)
Interest
received
3
2,290 346 FRS 7(31)
Net cash used in investing activities (21,843) (6,557)