Land Registrar's Statement, 2007
Highlights of 2006/07
Organization Chart of the Land Registry
Organization Structure
Management Structure
Services and Workload
Performance Pledges
Customer Service
Future Plan
Financial Objectives
Actual Performance
Fees and Charges
Service enhancement to the Integrated Registration Information System (IRIS)
Reducing stopped deeds
One-stop Stamp Payment and Registration
Property Information Hub
Future Plan
Customer Liaison Groups
Land Registry Joint Standing Committee
Land Registry Circular Memoranda
Land Registry News
Information Pamphlets
Customer Service Hotline
Corporate citizenship
Management Initiatives
Training and Development
Staff Motivation and Recognition
Staff Relations
Safe Workplace
Green Management and Environmental Improvement
Future Plan
Profit and Loss Account
Balance Sheet
Statement of Changes in Equity
Cash Flow Statement
Notes to the Accounts
The Land Registry 2005/06 Annual Report
Fourteenth Year in Review
The Land Registry Trading Fund
Vision, Mission, Values and Functions
Operations and Customer Service
Financial Management
Development Projects and New Services
Title Registration
Public Relations
Human Resources
Risk Management for IT Systems
Report of the Director of Audit
Financial Statements
Annex 2006/07 Performance Pledge
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Financial Statements

Land Registry Trading Fund
Cash Flow Statement

for the year ended 31 March 2007
(Expressed in thousands of Hong Kong dollars)

  Note 2007   2006  
Cash flows from operating activities
Profit from operations 108,968 147,196
Depreciation and amortisation 46,046 42,054
Increase in deferred revenue 1,280 1,442
(Decrease)/Increase in creditors and amounts due to related parties (17,490 ) 11,677
Increase/(Decrease) in provision for employee benefits 637 (2,758 )
(Decrease)/Increase in customers' deposits (29 ) 249
Increase in debtors and amounts due from related parties (352 ) (1,132 )
Profits tax paid (24,671 ) (35,283 )
Net cash from operating activities 114,389   163,445  
Cash flows from investing activities
(Increase)/Decrease in placements with banks (other than cash equivalents (451,000 ) 402,000
Capital projects (15,292 ) (46,582 )
Purchase of held-to-maturity securities - (99,466 )
Interest received 21,473 17,179
Net cash (used in)/from investing activities (444,819 ) 273,131  
Cash flows from financing activities
Dividend paid (69,752 ) (69,064 )
Net cash used in financing activities (69,752 ) (69,064 )
Net (decrease)/increase in cash and cash equivalents (400,182 ) 367,512
Cash and cash equivalents at beginning of year 462,636 95,124
Cash and cash equivalents at end of year 17 62,454   462,636  

The Notes to the Accounts form part of these accounts.


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