105 / 196
Statements of Cash Flows
103
The accompanying notes are an integral part of these consolidated and entity financial statements.
Notes
Consolidated
SET
2015
2014
2015
2014
Cash flows from operating activities
Revenues over expenses before income tax expense
1,522,322
1,648,151
1,241,158
1,483,220
Adjustments for
Depreciation and amortisation
16, 17
294,768
208,240
294,195
205,890
Investment income, net
27
(481,338)
(847,832)
(896,088)
(1,226,965)
Income derived from Securities Investor Protection Fund, net
25
(10,304)
(14,601)
(10,304)
(14,601)
Income derived from Derivatives Investor Protection Fund, net
25
(1,086)
(1,197)
-
-
Reversal allowance for impairment of investments
(250)
(2,530)
(250)
(2,530)
Doubtful debts expenses (reversal)
27
332
27
(35)
Provision for employee benefits
23,097
32,757
23,097
32,757
Adjust work in process to expenses (revenues)
2,985
(83)
2,985
(83)
(Gain) loss on disposals of assets
95
(129)
95
(129)
Share of profit of investments in associates and
joint venture entity (net of tax)
(32,114)
(24,179)
-
-
1,318,202
998,929
654,915
477,524
Changes in operating assets and liabilities
(Increase) decrease in operating assets
Assets for margin deposits and benefits
(775,985)
1,308,203
-
-
Accounts receivable and accrued income
16,461
(78,300)
(6,581)
(86,666)
Other current assets
(13,957)
364,894
(15,372)
103,768
Assets for clearing system protection and benefits
(80,668)
24,511
(3,399)
(4,008)
Securities Investor Protection Fund
(19,623)
(33,677)
(19,623)
(33,677)
Derivatives Investor Protection Fund
(8,343)
(6,965)
-
-
Refundable deposits
(20)
-
(20)
-
Increase (decrease) in operating liabilities
Margin deposits and benefits payables
775,985
(1,308,203)
-
-
Accounts payable and accrued expenses
(531,490)
256,252
(527,119)
252,437
Fees received in advance
67,648
9,478
70,080
26,797
Other current liabilities
(67,067)
(310,608)
(54,212)
(13,422)
Assets for clearing system protection and benefits payable
77,269
(28,518)
-
-
Contributions and benefits to Securities Investor Protection Fund
10,191
14,196
10,191
14,196
Contributions and benefits to Derivative Investor Protection Fund
6,897
5,122
-
-
Employee benefits paid
23
(11,386)
(10,589)
(11,386)
(10,589)
Other non-current liabilities
(738)
(16,698)
(738)
(16,698)
Cash flows generated from operations
763,376
1,188,027
96,736
709,662
Less Income tax paid
(127,162)
(136,787)
-
-
Net cash generated from operating activities
636,214
1,051,240
96,736
709,662
The Stock Exchange of Thailand and its Subsidiaries
For the year ended 31 December 2015
(Unit : Baht’000)