My first Publication ocbc_ar17_fullreport_english | Page 167

CONSOLIDATED CASH FLOW STATEMENT
For the financial year ended 31 December 2017
In $’000
Cash flows from operating activities
Profit before income tax
Adjustments for non-cash items:
Allowances for loans and impairment for other assets
Amortisation of intangible assets
Change in hedging transactions, trading, fair value through profit or
loss securities and debt issued
Depreciation of property, plant and equipment and investment property
Net gain on disposal of government, debt and equity securities
Net gain on disposal of property, plant and equipment and investment property
Net (gain)/loss on disposal of interests in subsidiaries and associates
Share-based costs
Share of results of associates
Items relating to life assurance fund
Surplus before income tax
Surplus transferred from life assurance fund
Operating profit before change in operating assets and liabilities
Change in operating assets and liabilities:
Deposits of non-bank customers
Deposits and balances of banks
Derivative payables and other liabilities
Trading portfolio liabilities
Restricted balances with central banks
Government securities and treasury bills
Trading and fair value through profit or loss securities
Placements with and loans to banks
Loans and bills receivable
Derivative receivables and other assets
Net change in investment assets and liabilities of life assurance fund
Cash used in operating activities
Income tax paid
Net cash used in operating activities
Cash flows from investing activities
Acquisitions, net of cash acquired (Notes 34.4 and 34.5)
Dividends from associates
Decrease in associates
Purchases of debt and equity securities
Purchases of property, plant and equipment and investment property
Proceeds from disposal of debt and equity securities
Proceeds from disposal of interests in subsidiaries and associates
Proceeds from disposal of property, plant and equipment and investment property
Net cash (used in)/from investing activities
Cash flows from financing activities
Acquisition of non-controlling interests
Distributions for perpetual securities
Distributions and dividends paid to non-controlling interests
Dividends paid to equity holders of the Bank
Net issuance/(redemption) of other debt issued (Note 21.6)
Proceeds from treasury shares transferred/sold under the Bank’s employee share schemes
Redemption of subordinated debt issued (Note 21.6)
Share buyback held in treasury
Net cash from/(used in) financing activities
Net currency translation adjustments
Net change in cash and cash equivalents
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December (Note 23)
2017 2016
5,215,721 4,275,365
671,548
103,829 725,860
96,264
29,963
314,693
(431,487)
(56,578)
(32,985)
55,954
(389,221) 15,232
308,119
(198,126)
(159,559)
18,478
14,457
(396,724)
1,360,725
(876,172)
5,965,990 649,829
(498,968)
4,850,227
19,701,967
(3,254,162)
(2,068,445)
23,832
(376,892)
(3,049,927)
(562,097)
(9,223,392)
(15,916,703)
1,559,539
(281,023)
(7,481,313)
(680,982)
(8,162,295) 8,724,264
(1,307,121)
2,381,917
(46,986)
(103,936)
(3,474,389)
15,239
(4,300,068)
(6,350,258)
(2,185,616)
(170,976)
(1,967,703)
(734,404)
(2,702,107)
396,392
63,068
43,472
(21,307,237)
(263,339)
20,084,228
61,595
94,250
(827,571) 2,651,042
114,958
99,536
(12,406,802)
(422,046)
12,543,815
23,563
196,894
2,800,960
(17,077)
(19,000)
(107,201)
(1,548,162)
15,242,983
178,351
(1,521,099)
(223,912)
11,984,883 (14,752)
(19,052)
(108,926)
(949,898)
(3,554,954)
10,245
(64,354)
(117,245)
(4,818,936)
(336,949) (4,286)
2,658,068
11,176,529
13,834,597
(4,724,369)
15,900,898
11,176,529
The accompanying notes, as well as the Capital Management and Risk Management sections, form an integral part of these financial statements.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
165