China Communications Services Corporation Limited Annual Report 2015
100
CONSOLIDATED STATEMENT OF
CASH FLOWS
For the year ended 31 December 2015
2015
2014
Notes
RMB’000
RMB’000
Operating activities
Profit before tax
2,824,963
2,630,886
Adjustments for:
Depreciation and amortisation
845,518
840,742
Impairment losses on accounts and bills and other receivables
583,792
329,569
Impairment losses on property, plant and equipment and
construction in progress
—
454
Impairment losses on inventories
63,260
17,609
Interest income
(143,392)
(94,605)
Finance costs
51,392
20,430
Share of profits of associates
(49,985)
(25,700)
Dividend income
(63,857)
(63,083)
Changes in fair value of financial derivatives
(3,524)
1,969
Gain on partial disposal of an associate and other investments
—
(69,411)
(Gain)/loss on disposal of property, plant and equipment and
other intangible assets, net
(29,013)
2,274
Exchange differences
41,118
15,099
Write-back of non-payable liabilities
(34,443)
(23,889)
Operating profit before changes in working capital
4,085,829
3,582,344
Increase in inventories
(526,351)
(210,293)
Increase in accounts and bills receivable
(583,468)
(2,659,181)
Increase in prepayments and other current assets
(1,347,048)
(1,209,483)
Increase in accounts and bills payable
871,498
1,734,784
Increase in receipts in advance for contract work
1,333,454
414,059
Increase in accrued expenses and other payables
1,353,086
410,672
Net cash inflow from operations
5,187,000
2,062,902
Interest paid
(50,334)
(20,042)
Interest received
126,758
89,516
Income tax paid
(575,613)
(523,522)
Net cash generated from operating activities
4,687,811
1,608,854
