Chapter 9 Financial Results
Financial Statements
Statement of Cash Flows
for the year ended 31 March 2013
(Expressed in thousands of Hong Kong dollars)
|
Note |
2013 |
2012 |
|---|---|---|---|
Cash flows from operating activities |
|
|
|
Profit from operations |
|
64,389 |
97,193 |
Sundry income |
|
497 |
864 |
Depreciation of property, plant and equipment |
|
10,743 |
9,756 |
Amortisation of intangible assets |
|
442 |
488 |
Decrease / (Increase) in debtors, deposits and advance payments |
|
2,811 |
(2,921) |
(Increase) / Decrease in amounts due from related parties |
|
(369) |
1,285 |
Increase / (Decrease) in creditors and accruals |
|
903,359 |
(146,444) |
Increase in amounts due to related parties |
|
32,177 |
4,283 |
Increase in deferred income |
|
20,087 |
41,536 |
Increase in provision for employee benefits |
|
13,688 |
5,491 |
Notional profits tax paid |
|
(24,977) |
(16,528) |
Net cash from / (used in) operating activities |
|
1,022,847 |
(4,997) |
Cash flows from investing activities |
|
|
|
Increase in placement with the Exchange Fund |
|
(40,446) |
(722,241) |
Decrease in bank deposits with original maturity over three months |
|
33,400 |
319,600 |
Acquisition of property, plant and equipment and intangible assets |
|
(6,767) |
(5,692) |
Net proceeds from disposal of property, plant and equipment |
|
32 |
51 |
Interest received |
|
46,302 |
35,941 |
Net cash from / (used in) investing activities |
|
32,521 |
(372,341) |
Cash flows from financing activities |
|
|
|
Dividend paid |
|
(115,224) |
(90,193) |
Net cash used in financing activities |
|
(115,224) |
(90,193) |
Net increase / (decrease) in cash and cash equivalents |
940,144 |
(467,531) |
|
Cash and cash equivalents at beginning of year |
|
19,122 |
486,653 |
Cash and cash equivalents at end of year |
18 |
959,266 |
19,122 |
The notes form part of these financial statements.