Chapter 7 Financial Results
Financial Statements
Statement of Cash Flows
for the year ended 31 March 2018
(Expressed in thousands of Hong Kong dollars)
Description |
Note |
2018 |
2017 |
|---|---|---|---|
Cash flows from operating activities |
|
|
|
Profit from operations |
|
11,842 | 38,139 |
Sundry income |
|
206 | 2,941 |
|
Loss on disposal of property, plant and equipment |
|
20 | 2 |
Depreciation of property, plant and equipment |
|
12,382 | 13,272 |
Amortisation of intangible assets |
|
995 | 1,217 |
Decrease / (Increase) in debtors, deposits and advance payments |
|
15,426 |
(16,163) |
(Decrease) / Increase in creditors and accruals |
|
(22,320) | 13,982 |
Increase in amounts due to related parties |
|
2,006 |
555 |
Increase in deferred income |
|
31,210 |
10,841 |
(Decrease) / Increase in provision for employee benefits |
|
(1,796) |
712 |
Notional profits tax paid |
|
(2,197) |
(13,881) |
Net cash from operating activities |
|
47,774 |
51,617 |
Cash flows from investing activities |
|
|
|
Decrease / (Increase) in placement with the Exchange Fund |
|
416,286 |
(28,885) |
(Increase) / Decrease in bank deposits with original maturities over three months |
|
(497,100) |
20,000 |
Acquisition of property, plant and equipment and intangible assets |
|
(1,393) |
(5,758) |
(Expenses for) / Net proceeds from disposal of property, plant and equipment |
|
(3) |
18 |
Interest received |
|
24,877 |
31,630 |
Net cash (used in) / from investing activities |
|
(57,333) |
17,005 |
Cash flows from financing activity |
|
|
|
Dividend paid |
|
- |
(63,764) |
Net cash used in financing activity |
|
- |
(63,764) |
Net (decrease) / increase in cash and cash equivalents |
|
(9,559) |
4,858 |
Cash and cash equivalents at beginning of year |
|
21,277 |
16,419 |
Cash and cash equivalents at end of year |
19 |
11,718 |
21,277 |
The notes form part of these financial statements.