124
HBT Group
H-REIT Group
Stapled Group
Note
2015
2014
2015
2014
2015
2014
$’000
$’000
$’000
$’000
$’000
$’000
Cash flows from operating activities
Net (loss)/income
(1,633)
213
57,555
126,832
59,340
123,881
Adjustments for:
H-REIT Manager’s management
fees paid/payable in
Stapled Securities
–
–
10,210
10,278
10,210
10,278
Net finance costs
572
1
21,073
16,439
21,654
16,440
Impairment loss on trade receivables
42
–
470
–
512
–
Depreciation and amortisation
1,049
–
1,511
–
5,733
2,825
Impairment loss on property,
plant and equipment
–
–
–
–
1,557
34
Impairment loss on
prepaid land lease
–
–
–
–
166
–
Property, plant and
equipment written off
142
–
–
–
142
–
Net fair value loss/(gain)
on investment properties
–
–
38,534
(17,978)
30,221
(17,639)
Transaction costs for
acquisition of a subsidiary
2,442
–
–
–
2,442
–
Operating income before
working capital changes
2,614
214
129,353
135,571
131,977
135,819
Changes in working capital:
Trade and other receivables
(1,923)
(3,323)
1,945
(4,393)
2,887
(6,742)
Trade and other payables
(404)
7,930
375
5,012
(2,905)
11,934
Inventories
244
(1,366)
–
–
244
(1,366)
Cash generated from
operating activities
531
3,455
131,673
136,190
132,203
139,645
Tax paid
(154)
–
(850)
(204)
(1,004)
(204)
Net cash generated
from operating activities
377
3,455
130,823
135,986
131,199
139,441
Cash flows from investing activities
Acquisition of property, plant
and equipment and
prepaid land lease
(512)
–
(335)
(65,528)
(2,304)
(311)
Capital expenditure on
investment properties
–
–
(16,924)
(27,430)
(15,466)
(27,430)
Net cash outflow from
acquisition of a subsidiary
26 (133,564)
6
–
–
(133,564)
(65,211)
Interest received
–
–
318
342
318
342
Net cash (used in)/from
investing activities
(134,076)
6
(16,941)
(92,616)
(151,016)
(92,610)
Balance carried forward
(133,699)
3,461
113,882
43,370
(19,817)
46,831
STATEMENTS OF CASH FLOWS
The accompanying notes form an integral part of these financial statements.
Year ended 31 December 2015
