In S$ billion

For year ended
31 March
2006 2007 2008 2009 2010 2011 2012 2013
Restated
2014
Restated
2015
Operating cash
flow before working
capital changes
18.6 17.6 21.2 14.0 16.4 20.2 16.8 20.1 20.0 20.3
Changes in
working capital
2.6 2.5 (0.3) 1.5 (4.1) (2.9) (1.6) (4.0) (1.5) (3.2)
Cash generated
from operations
21.2 20.1 20.9 15.5 12.3 17.3 15.2 16.1 18.5 17.1
Income tax paid (1.6) (1.6) (2.0) (1.8) (1.3) (1.3) (2.0) (1.8) (2.3) (2.0)
Net cash inflow from operating activities 19.6 18.5 18.9 13.7 11.0 16.0 13.2 14.3 16.2 15.1
Net cash inflow/(outflow) from investing activities (16.5) (23.3) (30.4) 0.1 (5.3) (4.9) (14.8) (15.3) (19.2) (22.6)
Net cash inflow/(outflow) from financing activities (0.2) 2.2 13.3 (6.4) (0.2) (1.7) (1.4) 4.0 1.0 1.1
Net increase/(decrease)
in cash and cash
equivalents held
2.9 (2.6) 1.8 7.4 5.5 9.4 (3.0) 3.0 (2.0) (6.4)
On 1 April 2014, the Group adopted new and amended FRS and Interpretations of FRS that were mandatory for application for the financial year ended 31 March 2015. These included FRS 110 Consolidated Financial Statements and FRS 111 Joint Arrangements. Changes in accounting policies as a result of adoption of FRS 110 and FRS 111 were applied retrospectively and accordingly, the Group’s consolidated financial statements for the years ended 31 March 2013 and 31 March 2014 were restated. Comparative figures for the years ended 31 March 2006 to 31 March 2012 had not been restated.