1999 1998
Note HK$'000 HK$'000
NET CASH INFLOW FROM OPERATING ACTIVITIES 30(a) 80,040 366,098
-------------------------------------------------------------------------
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Interest received 8,367 8,521
Interest paid (122,628) (209,876)
Dividends received 7,967 2,435
Dividends paid - (37,444)
-------------------------------------------------------------------------
NET CASH OUTFLOW FROM RETURNS ON INVESTMENTS
AND SERVICING OF FINANCE (106,294) (236,364)
-------------------------------------------------------------------------
TAXATION
Hong Kong profits tax refunded 228 1,012
Overseas tax paid (330) (3,311)
-------------------------------------------------------------------------
TAX PAID (102) (2,299)
-------------------------------------------------------------------------
INVESTING ACTIVITIES
Net cash outflow for acquisition of a
subsidiary company - (13,381)
Purchase of trademarks and patents (754) (1,419)
Purchase of fixed assets (63,432) (56,668)
Proceeds from sale of land and buildings
and investment properties 1,367,251 491,880
Proceeds from sale of other fixed assets 600 2,847
Construction costs incurred for properties
held for development - (400,374)
Deferred expenditure incurred (2,126) (3,647)
Forfeiture of deposits from property purchasers - 37,571
Forfeiture of deposit from a tenant - 6,750
Recovery of bank deposit from Bank of
Credit and Commerce Group (in liquidation) - 4,868
Repatriation of share capital from other
investments 750 -
-------------------------------------------------------------------------
NET CASH INFLOW FROM INVESTING ACTIVITIES 1,302,289 68,427
-------------------------------------------------------------------------
NET CASH INFLOW BEFORE FINANCING 1,275,933 195,862
-------------------------------------------------------------------------
FINANCING 30(b)
Issue of shares - 464
Acquisition of shareholding from minority
interest - (414)
New long term bank loans - 166,000
Repayment of long term bank loans (1,243,391) (270,370)
Addition of finance leases - 654
Capital repayment of finance leases (3,039) (925)
Increase/(decrease) in loan from a related
company 14,515 (10,199)
Decrease in retention money (5,606) (6,053)
Redemption of convertible notes (36,528) -
Decrease in loans from shareholders (37,910) -
New short term loan - 13,000
-------------------------------------------------------------------------
NET CASH OUTFLOW FROM FINANCING (1,311,959) (107,843)
-------------------------------------------------------------------------
(Decrease)/increase in cash and cash equivalents (36,026) 88,019
Cash and cash equivalents at 1st April (27,901) (77,125)
Effect of foreign exchange rate changes 1,243 (38,795)
-------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS AT 31ST MARCH (62,684) (27,901)
-------------------------------------------------------------------------
Analysis of the balances of cash and cash equivalents:
Cash and bank balances 82,670 155,632
Bank overdrafts and short term loans
Secured (84,498) (15,184)
Unsecured (60,856) (168,349)
-------------------------------------------------------------------------
(62,684) (27,901)
-------------------------------------------------------------------------
| © Copyright 1996-2024 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |