Page 108 - SET TH l Press Esc to Exit

106 Annual Report 2012
Statements of Cash Flows
The Stock Exchange of Thailand and its Subsidiaries
For the years ended 31 December 2012 and 2011
(Unit : Baht’000)
Notes
Consolidated SET
2012 2011 2012 2011
Cash flows from operating activities
Revenues over expenses before income tax 1,488,587 1,267,343 1,238,940 867,153
Adjustments for :
Depreciation and amortisation 15, 16 184,670 194,830 180,852 187,227
Investment income, net 25 (958,488) (752,252) (1,233,072) (861,765)
Income derived from Securities Investor
Protection Fund, net 23 (14,083) (13,368) (14,083) (13,368)
Impairment losses of investments (reversal) (17,866) 164 (17,866) 164
Doubtful debts expenses (reversal) 574 (1) 1,066 (1)
Provisions for employee benefits 23,003 42,152 23,003 42,152
Adjust work in process to expenses (revenues) (2,365) 2,819 (2,337) 2,819
Gain on disposals of assets (812) - (621) -
Loss from written off assets - 5,583 - 5,527
Share of profit of investments in
jointly-controlled entity (net of income tax) 12 (26,432) (19,990) - -
Share of profit of investments in associates
(net of income tax) 13 (2,010) (3,535) - -
674,778 723,745 175,882 229,908
Changes in operating assets and liabilities
(Increase) decrease in operating assets
Assets for margin deposits and benefits (757,055) (2,441,003) - -
Accounts receivable and accrued income (80,434) (1,455) 151,024 (175,497)
Other current assets (130,592) (61,100) 90,425 (68,296)
Assets for clearing system protection and benefits (177,125) (314,263) (4,171) (2,764)
Securities Investor Protection Fund (32,836) (18,460) (32,836) (18,460)
Refundable deposits 340 3,754 340 3,754
Margin deposits and benefits payables 757,055 2,441,003 - -
Accounts payable and accrued expenses 163,109 (91,684) 157,553 (93,597)
Fees received in advance (2,491) (9,636) (14,646) 33,306
Other current liabilities 185,768 80,664 (59,245) 141,934
Assets for clearing system protection and
benefits payables 172,954 311,499 - -
Contributions and benefits to Securities Investor
Protection Fund 12,499 7,373 12,499 7,373
Employee benefits paid 21 (5,826) (13,468) (5,826) (13,468)
Other non-current liabilities (4,247) (4,530) (4,247) (4,530)
Cash flows generated from operating activities 775,897 612,439 466,752 39,663
Income tax paid (154,843) (100,257) - -
Net cash generated from operating activities 621,054 512,182 466,752 39,663