 |
|
|
| |
LAND REGISTRY TRADING FUND
CASH FLOW STATEMENT |
for the year ended 31 March 2008
(Expressed in thousands of Hong Kong dollars)
| |
Note |
2008 |
|
 |
2007 |
|
| Cash flows from operating activities |
|
|
|
|
|
|
| Profit from operations |
|
176,927 |
|
|
108,968 |
|
| Depreciation and amortisation |
|
44,922 |
|
|
46,046 |
|
| Increase in deferred revenue |
|
8,104 |
|
|
1,280 |
|
| Increase/(Decrease) in creditors and amounts due to related parties |
|
6,607 |
|
|
(17,490 |
) |
| Increase in provision for employee benefits |
|
8,087 |
|
|
637 |
|
| Increase/(Decrease) in customers' deposits |
|
1,503 |
|
|
(29 |
) |
| Increase in debtors and amounts due from related parties |
|
(1,646 |
) |
|
(352 |
) |
| Profits tax paid |
|
(24,166 |
) |
|
(24,671 |
) |
| Net cash from operating activities |
|
220,338 |
|
|
114,389 |
|
|
|
|
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
|
|
| Increase in placements with banks (other than cash equivalents) |
|
(32,000 |
) |
|
(451,000 |
) |
| Purchase of fixed assets |
|
(23,074 |
) |
|
(15,292 |
) |
| Interest received |
|
32,949 |
|
|
21,473 |
|
| Net cash used in investing activities |
|
(22,125 |
) |
|
(444,819 |
) |
| |
|
|
|
|
|
|
| Cash flows from financing activities |
|
|
|
|
|
|
| Dividend paid |
|
(58,756 |
) |
|
(69,752 |
) |
| Net cash used in financing activities |
|
(58,756 |
) |
|
(69,752 |
) |
| Net increase/(decrease) in cash and cash equivalents |
|
139,457 |
|
|
(400,182 |
) |
| Cash and cash equivalents at beginning of year |
|
62,454 |
|
|
462,636 |
|
| Cash and cash equivalents at end of year |
17 |
201,911 |
|
|
62,454 |
|
The Notes to the Accounts form part of these accounts. |
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