Trading Fund Report 2021/22


Statement of Cash Flows

for the year ended 31 March 2022
(Expressed in thousands of Hong Kong dollars)

Cash flows from operating activities

Loss from operations(26,832)
Sundry income4,604
(Gain) / Loss on disposal of property, plant and equipment(20)
Depreciation of property, plant and equipment13,39212,220
Depreciation of right-of-use assets5,3784,887
Amortisation of intangible assets
Interest expenses on lease liabilities100110
Decrease in trade and other receivables4,7311,773
(Increase) / Decrease in amounts due from related parties(93)2,054
Decrease in trade and other payables(6,360)(26,683)
Increase / (Decrease) in amounts due to related parties148(13,612)
Decrease in deferred income(25,156)(26,572)
Decrease in provision for employee benefits(7,821)
Amount paid on settlement of restitution claims(6,312)
Net cash used in operating activities
Cash flows from investing activities
Increase in placement with the Exchange Fund(25,594)(19,429)
Decrease in bank deposits with original maturities over three months58,10024,800
Acquisition of property, plant and equipment and intangible assets(13,176)
Net proceeds from / (Expenses for) disposal of property, plant and equipment46
Interest received29,69231,760
Net cash from investing activities
Cash flows from financing activities
Payments of lease liabilities
Target returns required by the Government
Net cash used in financing activities
Net increase / (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year

The notes form part of these financial statements.