Chapter 8 Financial Results
Financial Statements
Statement of Cash Flows
for the year ended 31 March 2016
(Expressed in thousands of Hong Kong dollars)
|
Note |
2016 |
2015 |
|---|---|---|---|
Cash flows from operating activities |
|
|
|
Profit from operations |
|
31,217 | 43,431 |
Sundry income |
|
769 | 5,820 |
|
Loss on disposal of property, plant and equipment |
|
5 | - |
|
Depreciation of property, plant and equipment |
|
12,632 | 12,348 |
|
Amortisation of intangible assets |
|
1,091 | 825 |
|
Increase in debtors, deposits and advance payments |
|
(77) | (112) |
|
Decrease / (Increase) in amounts due from related parties |
|
330 | (330) |
|
Increase / (Decrease) in creditors and accruals |
|
3,300 |
(11,718) |
|
Increase / (Decrease) in amounts due to related parties |
|
1,760 |
(2,581) |
|
(Decrease) / Increase in deferred income |
|
(11,425) |
9,476 |
|
Increase in provision for employee benefits |
|
637 |
5,800 |
|
Notional profits tax paid |
|
(15,544) |
(15,584) |
Net cash from operating activities |
|
24,695 |
47,375 |
Cash flows from investing activities |
|
|
|
|
Increase in placement with the Exchange Fund |
|
(45,631) |
(28,830) |
|
Decrease / (Increase) in bank deposits with original maturity over three months |
|
51,900 |
(30,200) |
|
Acquisition of property, plant and equipment and intangible assets |
|
(7,344) |
(4,785) |
|
Net proceeds from disposal of property, plant and equipment |
|
- |
21 |
|
Interest received |
|
48,644 |
33,698 |
Net cash from / (used in) investing activities |
|
47,569 |
(30,096) |
Cash flows from financing activities |
|
|
|
Dividend paid |
|
(72,182) |
(79,417) |
Net cash used in financing activities |
|
(72,182) |
(79,417) |
Net increase / (decrease) in cash and cash equivalents |
|
82 |
(62,138) |
Cash and cash equivalents at beginning of year |
|
16,337 |
78,475 |
Cash and cash equivalents at end of year |
19 |
16,419 |
16,337 |
The notes form part of these financial statements.