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Consolidated Cash Flow Statement
For the year ended 31 December 2011
(Expressed in Renminbi)
1
/ China Communications Services Corporation Limited
2011
2010
Note
RMB’000
RMB’000
(Restated)
Operating activities
Profit before tax
2,640,064
2,260,362
Adjustments for:
– Depreciation and amortisation
677,944
638,254
– Impairment losses on accounts and bills
receivable and other receivables
99,378
115,807
– Impairment losses on property, plantand equipment and other
intangible assets
5,757
9,614
– Impairment losses on inventories
17,157
4,587
– Interest income
(84,378)
(77,734)
– Finance costs
60,311
57,732
– Share of losses/(profits) of associates
2,600
(3,126)
– Dividend income
(43,227)
(28,816)
– Gain on disposal of investments
(42,311)
(54,841)
– Gain on disposal of property, plant and equipment
and other assets
(30,255)
(2,373)
– Impairment loss on other investments
–
4,926
– Exchange differences
13,282
9,788
– Write-back of non-payable liabilities
(11,282)
(11,799)
Operating profit before changes inworking capital
3,305,040
2,922,381
Increase in inventories
(300,971)
(171,210)
Increase in accounts and bills receivable
(4,477,759)
(2,500,741)
Increase in prepayments and other current assets
(705,072)
(1,049,038)
Increase in accounts and billspayable
3,053,732
917,807
Increase/(decrease) in receipts in advance forcontract work
66,510
(4,740)
Increase in accrued expenses and other payables
811,703
1,830,346
Net cash inflow from operations
1,753,183
1,944,805
Interest paid
(59,236)
(56,824)
Interest received
88,729
75,678
Income tax paid
(559,034)
(437,247)
Cash generated from operating activities
1,223,642
1,526,412
The notes on pages 108 to 174 form part of these financial statements.