118 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(cont’d)
2.1 Basis of preparation
(cont’d)
(a) Changes in accounting policies
(cont’d)
(vi) Summary of quantitative impact
(cont’d)
Income Statement
As previously
reported
^
$’000
Subsidiaries
(note 2.1(a)(i))
$’000
As restated
$’000
The Group
Year ended 31 December 2013
Revenue
2,967,030
544,003
3,511,033
Cost of sales
(2,136,498)
(137,448)
(2,273,946)
Other operating income
302,448
373,758
676,206
Administrative expenses
(379,673)
(27,536)
(407,209)
Other operating expenses
(72,304)
(77,832)
(150,136)
Finance costs
(386,251)
(95,426)
(481,677)
Share of results of associates (net of tax)
831,764
(245,832)
585,932
Share of results of joint ventures (net of tax)
193,227
123,453
316,680
Tax expense
(168,908)
(36,230)
(205,138)
Promt from continuing operations
1,150,835
420,910
1,571,745
Promt from discontinued operation
33,778
–
33,778
Promt for the year
1,184,613
420,910
1,605,523
Non-controlling interests
(334,818)
(430,463)
(765,281)
3URÀW DWWULEXWDEOH WR RZQHUV RI WKH &RPSDQ\
849,795
(9,553)
840,242
^
The comparative income statement has been restated to take into account the re-presentation of Australand’s results
as “discontinued operation” in accordance with FRS 105 Non-current Assets Held for Sale and Discontinued Operation
(note 39).
Consolidated Statement of Cash Flows
As previously
reported
$’000
Subsidiaries
(note 2.1(a)(i))
$’000
As restated
$’000
The Group
Year ended 31 December 2013
Net cash generated from operating activities
522,991
433,197
956,188
Net cash generated from investing activities
696,081
(326,131)
369,950
Net cash used in mnancing activities
(828,069)
(41,167)
(869,236)
The accounting policies set out below have been applied consistently to all periods presented in these
mnancial statements, and have been applied consistently by the Group entities, except as explained in
note 2.1(a), which addresses changes in accounting policies.
