Chapter 8 Financial Results
Financial Statements
Statement of Cash Flows
for the year ended 31 March 2017
(Expressed in thousands of Hong Kong dollars)
|
Note |
2017 |
2016 |
|---|---|---|---|
Cash flows from operating activities |
|
|
|
Profit from operations |
|
38,139 | 31,217 |
Sundry income |
|
2,941 | 769 |
|
Loss on disposal of property, plant and equipment |
|
2 | 5 |
Depreciation of property, plant and equipment |
|
13,272 | 12,632 |
Amortisation of intangible assets |
|
1,217 | 1,091 |
Increase in debtors, deposits and advance payments |
|
(16,163) | (77) |
Decrease in amounts due from related parties |
|
- | 330 |
Increase in creditors and accruals |
|
13,982 |
3,300 |
Increase in amounts due to related parties |
|
555 |
1,760 |
Increase / (Decrease) in deferred income |
|
10,841 |
(11,425) |
Increase in provision for employee benefits |
|
712 |
637 |
Notional profits tax paid |
|
(13,881) |
(15,544) |
Net cash from operating activities |
|
51,617 |
24,695 |
Cash flows from investing activities |
|
|
|
Increase in placement with the Exchange Fund |
|
(28,885) |
(45,631) |
Decrease in bank deposits with original maturity over three months |
|
20,000 |
51,900 |
Acquisition of property, plant and equipment and intangible assets |
|
(5,758) |
(7,344) |
Net proceeds from disposal of property, plant and equipment |
|
18 |
- |
Interest received |
|
31,630 |
48,644 |
Net cash from investing activities |
|
17,005 |
47,569 |
Cash flows from financing activity |
|
|
|
Dividend paid |
|
(63,764) |
(72,182) |
Net cash used in financing activity |
|
(63,764) |
(72,182) |
Net increase in cash and cash equivalents |
|
4,858 |
82 |
Cash and cash equivalents at beginning of year |
|
16,419 |
16,337 |
Cash and cash equivalents at end of year |
19 |
21,277 |
16,419 |
The notes form part of these financial statements.