Land Registry Annual Report 2005/06 |
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| Certified Financial Statements |
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| CASH FLOW STATEMENT |
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| for the year ended 31 March 2006 |
| (Expressed in thousands of Hong Kong dollars) |
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Note |
2006 |
2005 |
Cash flows from operating activities |
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Profit from operations |
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147,196 |
162,318 |
Depreciation and amortisation |
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42,054 |
23,665 |
Increase/(Decrease) in deferred revenue |
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1,442 |
(132) |
Increase/(Decrease) in creditors and amounts due to related parties |
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11,677 |
(14,914) |
(Decrease)/Increase in provision for employee benefits |
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(2,758) |
387 |
Increase in customers’ deposits |
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249 |
1,462 |
(Increase)/Decrease in debtors and amounts due from related parties |
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(1,132) |
1,924 |
Profits tax refund |
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- |
7,809 |
Profits tax paid |
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(35,283)
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(6,718)
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Net cash from operating activities |
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163,445
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175,801
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| Cash flows from investing activities |
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| Decrease/(Increase) in placements with banks (other than cash equivalents) |
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402,000 |
(1,000) |
| Capital projects |
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(46,582) |
(42,105) |
| Purchase of held-to-maturity securities |
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(99,466) |
- |
| Interest received |
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17,179
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3,275
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| Net cash from/(used in) investing activities |
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273,131
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(39,830)
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| Cash flows from financing activities |
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| Dividend paid |
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(69,064)
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(44,772)
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| Net cash used in financing activities |
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(69,064)
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(44,772)
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| Net increase in cash and cash equivalents |
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367,512 |
91,199 |
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| Cash and cash equivalents at beginning of year |
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95,124
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3,925
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| Cash and cash equivalents at end of year |
18 |
462,636
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95,124
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| The Notes to the Accounts form part of these statements |