| Operating Activities: |
|
|
| Net profit |
$1,499 |
$1,313 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
189 |
199 |
| Share-based compensation |
|
- |
| Income on investments |
(22) |
(36) |
| Income tax expense |
547 |
356 |
| Other non cash item |
1 |
1 |
| Changes in working capital |
|
|
| Trade receivables |
(254) |
41 |
| Prepayment and other assets |
(52) |
(49) |
| Unbilled revenues |
(88) |
(19) |
| Trade payables |
7 |
(4) |
| Client deposits |
3 |
1 |
| Unearned revenue |
(3) |
42 |
| Other liabilities and provisions |
98 |
(23) |
| Cash generated by operations |
1,925 |
1,822 |
| Income taxes paid |
(627) |
(370) |
| Net cash provided by operating activities |
1,298 |
1,457 |
| Investing Activities: |
|
|
| Payment for acquisition of business, net of cash acquired |
- |
(37) |
| Expenditure on property, plant and equipment |
(285) |
(138) |
| Proceeds on sale of property, plant and equipment |
- |
1 |
| Loans to employees |
(7) |
2 |
| Non-current deposits with corporations |
(22) |
(6) |
| Income on available-for-sale financial asset |
5 |
22 |
| Investments in certificates of deposits |
(185) |
(249) |
| Redemption of certificate of deposits |
436 |
- |
| Investments in available-for-sale financial assets |
(425) |
(2,091) |
| Redemption of available-for-sale financial assets |
973 |
1,571 |
| Net cash used in investing activities |
490 |
(925) |
| FINANCING ACTIVITIES: |
|
|
| Proceeds from issuance of common stock on exercise of employee stock options |
5 |
20 |
| Payment of dividends (including corporate dividend tax) |
(816) |
(330) |
| Net cash used in financing activities |
(811) |
(310) |
| Effect of exchange rate changes on cash |
62 |
304 |
| Net increase in cash and cash equivalents during the year |
977 |
217 |
| Cash and cash equivalents at the beginning of the year |
2,698 |
2,167 |
| Opening balance of cash and cash equivalents of controlled trusts |
- |
10 |
| Cash and cash equivalents at the end of the year |
$3,737 |
$2,698 |
| Supplementary information: |
|
|
| Restricted cash balance |
24 |
16 |