
1998 1997
Note HK$'000 HK$'000 HK$'000 HK$'000
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Net cash inflow from
operating activities (a) 1,410,567 1,104,878
Returns on investments and
servicing of finance
Interest received 43,241 26,466
Interest paid (147,255) (65,649)
Dividends paid (439,967) (427,858)
--------- ---------
Net cash outflow from returns on
investments and servicing of
finance (543,981) (467,041)
Taxation
Hong Kong Profits Tax paid - (19,472)
Investing activities
Purchase of fixed assets (903,624) (1,395,113)
Sale of fixed assets 4,151 14,933
Investment in jointly
controlled entity 3,239 (19,651)
--------- ---------
Net cash outflow from investing
activities (896,234) (1,399,831)
--------- ----------
Net cash outflow before financing (29,648) (781,466)
Financing
New bank loans (b) 1,193,136 1,030,000
Repayment of bank loans (b) (445,284) (156,998)
Capital contribution received
by a subsidiary from minority
shareholder - 6,058
--------- ---------
Net cash inflow from financing 747,852 879,060
--------- ---------
Increase in cash and cash
equivalents 718,204 97,594
Cash and cash equivalents at
1 January 528,426 430,884
Effect of foreign exchange rates 6 (52)
--------- ---------
Cash and cash equivalents at
31 December (c) 1,246,636 528,426
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