192
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
The accompanying notes form an integral part of these financial statements.
CONSOLIDATED STATEMENT OF CASH FLOWS
Period from 1 July 2014 to 31 December 2015
Period from
1/7/2014 to Year ended
Note 31/12/2015
30/6/2014
$’000
$’000
Cash flows from operating activities
Profit/(Loss) for the period/year
111,134
(5,919)
Adjustments for:
Depreciation of plant and equipment
1,117
1,957
Bad debts written-off
37
9
Inventories written-off
–
26
Impairment loss on plant and equipment
–
570
Plant and equipment written-off
–
2,126
Finance revenue on rental deposits
–
(32)
Amortisation of intangible assets
7
3,295
–
Change in fair value of investment properties
5
(90,870)
–
Foreign currency exchange gain (net)
22
(6,416)
–
Net finance costs
23
68,453
79
Share of results of associates and joint ventures, net of tax
(39,789)
221
Impairment loss on investment in joint venture
–
106
Allowance for doubtful receivables
676
218
Equity-settled payment transactions
1,275
–
Equity-settled share-based payment transactions
1,733
–
Tax expense/(credit)
25
17,294
(52)
67,939
(691)
Changes in:
– inventories
(885)
498
– properties under development
(26,699)
–
– trade and other receivables
27,969
(7)
– trade and other payables
(153,632)
361
Cash (used in)/generated from operations
(85,308)
161
Tax paid
(2,932)
–
Net cash (used in)/from operating activities
(88,240)
161
