139
CapitaLand Mall Trust
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
Statements of Cash Flows
Year ended 31 December 2015
Group
Trust
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Cash flows from operating activities
Net income
400,610
452,013
398,933
396,500
Adjustments for:
Interest income
(12,270)
(14,681)
(16,137)
(11,459)
Investment income
–
–
(75,613)
(96,927)
Finance costs
103,822
113,957
103,822
113,957
Assets written off
19
2
19
2
Gain on disposal of plant and equipment
(2)
(2)
(2)
(2)
Depreciation and amortisation
1,052
1,417
962
1,417
Receivables written off
44
34
44
34
Share of results of:
- Associate
(17,653)
(20,094)
–
–
- Joint ventures
(54,165)
(129,125)
–
–
Operating income before working capital changes
421,457
403,521
412,028
403,522
Changes in working capital:
Trade and other receivables
(1,815)
(2,498)
(406)
(2,121)
Trade and other payables
2,232
1,686
2,169
1,357
Security deposits
533
6,517
867
6,517
Income tax paid
(37)
(494)
(37)
(494)
Cash flows from operating activities
422,370
408,732
414,621
408,781
Cash flows from investing activities
Interest received
8,756
4,963
8,726
4,963
Interest received from a joint venture
4,608
2,198
4,608
2,198
Distributions received from:
- Associate
12,516
11,436
12,516
11,436
- Joint ventures
58,301
85,114
58,301
85,114
Net cash outflow on acquisition of subsidiary
(including acquisition charges) (Note A)
(621,424)
–
(648,136)
–
Capital expenditure on investment properties
(94,974)
(64,679)
(94,389)
(64,679)
Purchase of plant and equipment
(713)
(697)
(713)
(697)
Proceeds from disposal of plant and equipment
2
3
2
3
Proceeds from disposal of investment property
186,636
–
186,636
–
Loan to a joint venture
(17,591)
(13,775)
(17,591)
(13,775)
Repayment of loan from a joint venture
–
26,075
–
26,075
Cash flows (used in)/from investing activities
(463,883)
50,638
(490,040)
50,638
The accompanying notes form an integral part of these financial statements.
