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140 | UNITED OVERSEAS BANK LIMITED ANNUAL REPORT 201520152014$’000$’000Cash flows from operating activities Profit for the financial year3,220,0273,264,193Adjustments for:Allowances for credit and other losses671,786635,303Share of profit of associates and joint ventures(89,576)(149,195)Tax648,681560,675Depreciation of assets181,512163,361Net gain on disposal of assets(341,505)(271,324)Share-based compensation41,09632,488Operating profit before working capital changes 4,332,0214,235,501Increase/(decrease) in working capital Deposits and balances of banks759,990(2,479,806)Deposits and balances of customers6,774,82919,202,102Bills and drafts payable(516,186)(84,481)Other liabilities1,354,539803,542Restricted balances with central banks300,939257,956Government treasury bills and securities(1,583,063)(286,291)Trading securities(532,295)(92,274)Placements and balances with banks45,9932,719,689Loans to customers(8,363,812)(17,672,018)Investment securities1,391,2061,169,504Other assets(2,758,...