Land Registry Annual Report 2004/05 |
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| Certified Financial Statements |
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| CASH FLOW STATEMENT |
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For the year ended 31 March 2005 |
Expressed in HK$'000 |
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Note |
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2005
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2004 |
Cash flows from operating activities |
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Profit from operations |
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162,318 |
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91,463 |
Depreciation and amortisation |
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23,665 |
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10,420 |
| Decrease in deferred revenue |
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(132) |
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(100) |
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Decrease in creditors and
amounts due to related parties |
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(14,914) |
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(3,783) |
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Increase in provision for
employee benefits |
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387 |
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5,417 |
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Increase/(Decrease) in
customers' deposits |
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1,462 |
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(142) |
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Decrease/(Increase) in
debtors and amounts
due from related parties |
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1,924 |
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(3,948)
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Profits tax refund |
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7,809 |
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4,064 |
Profits tax paid |
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(6,718)
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(3,890)
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Net cash from operating activities |
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175,801
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99,501
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Cash flows from investing activities |
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Net increase in placements
with banks (other than
cash equivalents) |
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(1,000) |
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- |
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Proceeds from disposal of
fixed assets |
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- |
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24 |
Capital projects |
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(42,105) |
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(40,300) |
Interest received |
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3,275
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4,861
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Net cash used in
investing activities |
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(39,830)
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(35,415)
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Cash flows from financing activities |
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| Loan repayments |
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- |
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(23,660) |
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Interest paid |
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- |
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(1,191) |
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Dividend paid |
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(44,772)
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(37,682)
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Net cash used in
financing activities |
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(44,772)
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(62,533)
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Net increase in cash and
cash equivalents |
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91,199 |
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1,553 |
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Cash and cash equivalents
at 1 April |
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3,925
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2,372
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Cash and cash equivalents
at 31 March |
16
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95,124
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3,925
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| The Notes on the Accounts form part of these statements. |
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