 |
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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