irasia.com

The Kowloon Motor Bus Holding Limited

Consolidated Cash Flow Statement
for the year ended 31 December 1998

                                                        1998                    1997
                                 Note    HK$'000     HK$'000     HK$'000     HK$'000
====================================================================================
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
                                                   =========               =========
====================================================================================

Source: The Kowloon Motor Bus Holding Limited
  • Annual Reports
  • Company's Index
  • irasia.com

  • © 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.