Group 2024 2023 Note S$’000 S$’000 Cash flows from operating activities Total return for the year (64,861) (449,274) Adjustments for: – Income tax credit 8 (6,131) (108,854) – Finance income 863 (1,662) – Finance costs 6 49,037 46,615 – Effect of straight lining of step-up rental 313 2,720 – Effect of security deposits accretion (2,526) (2,900) – Fair value (gain)/loss on derivative financial instruments (1,879) 2,649 – Net fair value loss on investment properties 14 95,699 606,750 – Provision for doubtful receivables 1,823 – – Foreign exchange gain, net (unrealised) 3,914 (4,926) Operating cash flow before working capital change 76,252 91,118 Change in working capital: Trade and other receivables (71,151) (65,528) Trade and other payables 5,979 17,474 Cash generated from operating activities 11,080 43,064 Interest received 488 1,662 Income tax paid (net) (6,793) (5,778) Net cash generated from operating activities 4,775 38,948 Cash flows from investing activities Additions to investment properties (1,642) (23) Receipt of partial consideration for disposal of assets – 25,864 Net cash generated from investing activities (1,642) 25,841 Cash flows from financing activities Repayment of borrowings (84,791) (75,703) Distribution to Unitholders – (2,896) Payment of bank loan transaction fees – (7,263) Interest paid (15,525) (32,934) SBLC commission paid (14) (114) Release of deposits for SBLC facilities, net 88,942 5,524 Utilisation of interest reserve 5,331 10,585 Released from escrow account – 39,011 Net cash used in financing activities (6,057) (63,790) Cash and cash equivalents at beginning of the year 7,180 6,335 Effects of exchange rate changes on cash and cash equivalents 13 (154) Cash and cash equivalents at the end of the year* 10 4,269 7,180 The accompanying notes form an integral part of these financial statements. EC WORLD REIT 76 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
RkJQdWJsaXNoZXIy NTkwNzg=