ASCENDAS india trust ANNUAL REPORT 2014/15
2015
2014
$’000
$’000
Operating Activities
Net profit after tax
4,476
3,664
Adjustments for:
Income tax expense
688
558
Depreciation of property, plant and equipment
10
8
Dividend income
(1,393)
(1,105)
Fund management fee received/receivable in units of listed property trust
(3,553)
(3,268)
Operating cash flows before changes in working capital
228
(143)
Changes in Working Capital
Trade and other receivables
1,307
1,344
Prepayments
(22)
–
Trade and other payables
125
205
Cash Generated from Operations
1,638
1,406
Income tax paid
(527)
(501)
Net cash generated from operating activities
1,111
905
Investing Activities
Purchase of property, plant and equipment
(4)
(10)
Dividends received
1,393
1,105
Net cash generated from investing activities
1,389
1,095
Financing Activity
Dividends paid
(2,500)
(2,000)
Net cash (used in) financing activity
(2,500)
(2,000)
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
–
–
C A S H F L OW S T A T E M E N T
For the financial year ended 31 March 2015
The accompanying notes form an integral part of these financial statements.
