PCS Stewardship Report Annual 18 final | Page 34

POSITIONING FOR EARLY DETECTION & INTERVENTION STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2018 2017 S$ (As restated) 2018 S$ Cash flows from operating activities Net income for the financial year 1,522,940 1,237,847 (1,063) (23,451) 1,209,898 1,117,523 – Property, plant and equipment written off 0 528 – Reversal of impairment of fee receivables 21,742 0 – Gain on disposal of property, plant and equipment (300) (650) (38,875) (40,299) 2,714,342 2,291,498 (41,203) 51,019 335,714 (65,831) 3,008,853 2,276,686 38,875 40,299 Increase in fixed deposits (928,694) (1,335,162) Purchases of property, plant and equipment (952,522) (653,064) 2,249 650 (1,840,092) (1,947,277) 1,168,761 329,409 13,605,158 13,275,749 14,773,919 13,605,158 Adjustments for: – Allowance for impairment of fee receivables – Depreciation – Interest income Operating cash flow before changes in working capital Changes in working capital – Trade and other receivables – Trade and other payables Net cash generated from operating activities Cash flows from investing activities Interest received Proceeds from disposal of property, plant and equipment Net cash used in investing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of financial year Cash and cash equivalents at end of financial year 32