Serial System Ltd
SGX:S69
Cash Flow Statement
Cash Flow Statement
Serial System Ltd
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
13
|
12
|
11
|
11
|
10
|
11
|
12
|
13
|
14
|
15
|
17
|
19
|
21
|
22
|
21
|
19
|
15
|
6
|
5
|
8
|
12
|
22
|
21
|
21
|
16
|
20
|
19
|
26
|
24
|
18
|
16
|
6
|
7
|
(2)
|
2
|
14
|
14
|
8
|
(4)
|
(20)
|
(16)
|
|
Depreciation & Amortization |
3
|
3
|
4
|
4
|
5
|
5
|
5
|
5
|
4
|
4
|
4
|
4
|
5
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
5
|
5
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
|
Other Non-Cash Items |
4
|
6
|
5
|
3
|
3
|
3
|
2
|
2
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
6
|
6
|
9
|
10
|
8
|
9
|
7
|
8
|
10
|
12
|
13
|
16
|
6
|
7
|
6
|
(11)
|
(9)
|
(16)
|
(5)
|
2
|
0
|
1
|
4
|
6
|
10
|
13
|
|
Cash Taxes Paid |
4
|
4
|
4
|
4
|
3
|
4
|
3
|
3
|
3
|
4
|
4
|
4
|
3
|
2
|
2
|
2
|
4
|
4
|
5
|
9
|
8
|
9
|
8
|
4
|
5
|
5
|
6
|
6
|
4
|
4
|
4
|
3
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
|
Cash Interest Paid |
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
5
|
5
|
6
|
6
|
7
|
7
|
8
|
8
|
8
|
9
|
10
|
10
|
11
|
12
|
13
|
14
|
15
|
14
|
12
|
9
|
6
|
5
|
5
|
5
|
6
|
9
|
13
|
14
|
|
Change in Working Capital |
(36)
|
(0)
|
(4)
|
13
|
17
|
6
|
2
|
(16)
|
(41)
|
(54)
|
(79)
|
(48)
|
(21)
|
27
|
26
|
(15)
|
12
|
(13)
|
8
|
27
|
(5)
|
(27)
|
(32)
|
(6)
|
(42)
|
(4)
|
(8)
|
(62)
|
(24)
|
(13)
|
39
|
101
|
90
|
25
|
5
|
(34)
|
(68)
|
(54)
|
(31)
|
14
|
26
|
|
Cash from Operating Activities |
(16)
N/A
|
21
N/A
|
16
-21%
|
31
+90%
|
34
+11%
|
24
-30%
|
21
-12%
|
4
-80%
|
(19)
N/A
|
(31)
-59%
|
(54)
-76%
|
(21)
+61%
|
9
N/A
|
57
+565%
|
56
-2%
|
14
-75%
|
36
+159%
|
6
-84%
|
28
+368%
|
47
+70%
|
20
-57%
|
4
-78%
|
1
-82%
|
28
+3 295%
|
(11)
N/A
|
31
N/A
|
30
-6%
|
(27)
N/A
|
11
N/A
|
15
+45%
|
48
+211%
|
102
+112%
|
85
-16%
|
22
-74%
|
13
-43%
|
(17)
N/A
|
(50)
-194%
|
(39)
+22%
|
(25)
+35%
|
8
N/A
|
25
+226%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(9)
|
(9)
|
(11)
|
(5)
|
(12)
|
(13)
|
(18)
|
(19)
|
(12)
|
(12)
|
(4)
|
(3)
|
(6)
|
(6)
|
(6)
|
(7)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Other Items |
2
|
0
|
(1)
|
(1)
|
3
|
3
|
0
|
(2)
|
(3)
|
(4)
|
(2)
|
(3)
|
(5)
|
(5)
|
(2)
|
(1)
|
(2)
|
(4)
|
(5)
|
(1)
|
1
|
4
|
2
|
(2)
|
(1)
|
(0)
|
(2)
|
(1)
|
28
|
29
|
32
|
34
|
7
|
3
|
0
|
1
|
0
|
1
|
3
|
4
|
2
|
|
Cash from Investing Activities |
(7)
N/A
|
(8)
-18%
|
(13)
-55%
|
(6)
+53%
|
(9)
-57%
|
(10)
-7%
|
(17)
-70%
|
(21)
-22%
|
(16)
+25%
|
(15)
+2%
|
(6)
+60%
|
(6)
+8%
|
(11)
-93%
|
(11)
-2%
|
(8)
+26%
|
(8)
+7%
|
(4)
+50%
|
(6)
-52%
|
(6)
-11%
|
(4)
+37%
|
(2)
+62%
|
1
N/A
|
0
-83%
|
(2)
N/A
|
(2)
+6%
|
(2)
+26%
|
(4)
-125%
|
(3)
+11%
|
27
N/A
|
27
+2%
|
31
+13%
|
33
+8%
|
7
-80%
|
2
-65%
|
(1)
N/A
|
(0)
+65%
|
(1)
-181%
|
0
N/A
|
2
+9 879%
|
3
+46%
|
2
-40%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
12
|
12
|
11
|
11
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Issuance of Debt |
25
|
(3)
|
3
|
(9)
|
(7)
|
9
|
10
|
29
|
47
|
60
|
75
|
36
|
30
|
4
|
4
|
35
|
(12)
|
24
|
(19)
|
(44)
|
(4)
|
(10)
|
(9)
|
4
|
33
|
(0)
|
2
|
23
|
(24)
|
(52)
|
(74)
|
(115)
|
(91)
|
(17)
|
10
|
21
|
44
|
47
|
22
|
(2)
|
(11)
|
|
Cash Paid for Dividends |
(7)
|
0
|
(5)
|
(5)
|
(4)
|
0
|
(4)
|
(4)
|
(6)
|
0
|
(6)
|
(6)
|
(4)
|
0
|
(7)
|
(7)
|
(7)
|
0
|
(6)
|
(5)
|
(5)
|
0
|
(2)
|
(3)
|
(3)
|
0
|
(5)
|
0
|
(12)
|
0
|
(12)
|
(15)
|
(4)
|
(2)
|
(1)
|
(1)
|
(2)
|
(4)
|
(4)
|
(1)
|
0
|
|
Other |
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(11)
|
(11)
|
(12)
|
(14)
|
(15)
|
(25)
|
(14)
|
(11)
|
(9)
|
(5)
|
(3)
|
(4)
|
(5)
|
(5)
|
(10)
|
(13)
|
(15)
|
|
Cash from Financing Activities |
26
N/A
|
(2)
N/A
|
5
N/A
|
(8)
N/A
|
(15)
-94%
|
1
N/A
|
3
+213%
|
22
+663%
|
38
+72%
|
51
+34%
|
66
+28%
|
26
-61%
|
21
-18%
|
(5)
N/A
|
(9)
-80%
|
21
N/A
|
(25)
N/A
|
9
N/A
|
(32)
N/A
|
(56)
-77%
|
(17)
+69%
|
(23)
-35%
|
(20)
+12%
|
(9)
+58%
|
19
N/A
|
(14)
N/A
|
(15)
-6%
|
3
N/A
|
(51)
N/A
|
(89)
-76%
|
(100)
-12%
|
(136)
-35%
|
(104)
+23%
|
(25)
+76%
|
6
N/A
|
16
+159%
|
37
+133%
|
37
+2%
|
9
-77%
|
(16)
N/A
|
(26)
-55%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
0
|
(0)
|
0
|
(0)
|
0
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
|
Net Change in Cash |
3
N/A
|
10
+269%
|
8
-21%
|
17
+124%
|
11
-40%
|
15
+42%
|
7
-52%
|
6
-21%
|
3
-41%
|
5
+58%
|
6
+10%
|
(1)
N/A
|
18
N/A
|
40
+127%
|
38
-6%
|
26
-31%
|
6
-78%
|
9
+54%
|
(11)
N/A
|
(12)
-12%
|
1
N/A
|
(18)
N/A
|
(20)
-9%
|
17
N/A
|
7
-58%
|
17
+136%
|
11
-34%
|
(27)
N/A
|
(14)
+48%
|
(47)
-241%
|
(21)
+55%
|
(1)
+98%
|
(12)
-2 209%
|
(1)
+96%
|
19
N/A
|
(1)
N/A
|
(14)
-1 708%
|
(2)
+84%
|
(16)
-603%
|
(7)
+57%
|
1
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(25)
N/A
|
12
N/A
|
5
-60%
|
26
+437%
|
22
-14%
|
11
-50%
|
4
-66%
|
(15)
N/A
|
(32)
-111%
|
(43)
-35%
|
(59)
-38%
|
(24)
+59%
|
2
N/A
|
51
+2 064%
|
50
-3%
|
8
-85%
|
34
+360%
|
4
-89%
|
26
+575%
|
44
+70%
|
18
-60%
|
2
-89%
|
(1)
N/A
|
27
N/A
|
(13)
N/A
|
30
N/A
|
28
-7%
|
(29)
N/A
|
9
N/A
|
14
+54%
|
47
+242%
|
101
+118%
|
85
-16%
|
22
-74%
|
12
-45%
|
(18)
N/A
|
(51)
-185%
|
(40)
+21%
|
(26)
+35%
|
7
N/A
|
24
+255%
|