for the year ended 31 March 2020
(Expressed in thousands of Hong Kong dollars)
| Note | 2020 | 2019 | |
|---|---|---|---|
| Cash flows from operating activities |
|||
| Loss from operations | (17,862) |
(8,057) | |
| Sundry income | 3,976 |
6,967 | |
| (Gain) / Loss on disposal of property, plant and equipment | (17) |
15 | |
| Depreciation of property, plant and equipment | 10,992 | 9,440 | |
| Amortisation of intangible assets |
1,097 | 926 | |
| Decrease / (Increase) in trade and other receivables | 112,793 | (116,744) | |
| Increase in amounts due from related parties | (2,054) | — | |
| Increase in trade and other payables | 30,159 | 1,656 | |
| Increase in amounts due to related parties | 14,838 | 1,668 | |
| Increase / (Decrease) in deferred income | 141,219 | (88,398) | |
| (Decrease) / Increase in provision for employee benefits | (5,579) | 2,115 | |
| Amount paid on settlement of restitution claims | (52,517) | — |
|
| Net cash from / (used in) operating activities |
237,045 | (190,412) | |
| Cash flows from investing activities | |||
| Increase in placement with the Exchange Fund | (14,800) | (22,442) | |
| (Increase) / Decrease in bank deposits with original maturities over three months | (176,000) | 211,000 | |
| Acquisition of property, plant and equipment and intangible assets | (21,016) | (8,368) | |
| Net proceeds from / (Expenses for) disposal of property, plant and equipment | 35 | (15) | |
| Interest received | 27,906 | 30,851 | |
| Net cash (used in) / from investing activities |
(183,875) | 211,026 | |
| Net increase in cash and cash equivalents |
53,170 | 20,614 | |
| Cash and cash equivalents at beginning of year |
32,332 | 11,718 | |
| Cash and cash equivalents at end of year | 17 | 85,502 | 32,332 |
The notes form part of these financial statements.