Chapter 8 Financial Results
Financial Statements
Statement of Cash Flows
for the year ended 31 March 2014
(Expressed in thousands of Hong Kong dollars)
|
Note |
2014 |
2013 |
|---|---|---|---|
Cash flows from operating activities |
|
|
|
Profit from operations |
|
55,022 | 64,389 |
Sundry income |
|
53 | 497 |
Depreciation of property, plant and equipment |
|
12,275 | 10,743 |
Amortisation of intangible assets |
|
617 | 442 |
Decrease in debtors, deposits and advance payments |
|
230 | 2,811 |
Decrease / (Increase) in amounts due from related parties |
|
369 | (369) |
(Decrease) / Increase in creditors and accruals |
|
(882,116) |
903,359 |
(Decrease) / Increase in amounts due to related parties |
|
(28,383) |
32,177 |
(Decrease) / Increase in deferred income |
|
(382) |
20,087 |
Increase in provision for employee benefits |
|
436 |
13,688 |
Notional profits tax paid |
|
(9,663) |
(24,977) |
Net cash (used in) / from operating activities |
|
(851,542) |
1,022,847 |
Cash flows from investing activities |
|
|
|
Increase in placement with the Exchange Fund |
|
(38,134) |
(40,446) |
Decrease in bank deposits with original maturity over three months |
|
79,800 |
33,400 |
Acquisition of property, plant and equipment and intangible assets |
|
(21,177) |
(6,767) |
Net proceeds from disposal of property, plant and equipment |
|
25 |
32 |
Interest received |
|
43,146 |
46,302 |
Net cash from investing activities |
|
63,660 |
32,521 |
Cash flows from financing activities |
|
|
|
Dividend paid |
|
(92,909) |
(115,224) |
Net cash used in financing activities |
|
(92,909) |
(115,224) |
Net (decrease) / increase in cash and cash equivalents |
(880,791) |
940,144 |
|
Cash and cash equivalents at beginning of year |
|
959,266 |
19,122 |
Cash and cash equivalents at end of year |
18 |
78,475 |
959,266 |
The notes form part of these financial statements.