STATEMENT OF CHANGES IN GROUP'S FINANCIAL POSITION
FOR THE YEAR ENDED 31 DECEMBER 1988
SOURCE OF FUNDS
Profit before taxation
Adjustment for items not involving
the movement of funds:-
1988
HK$'000
103,629
Depreciation
35,805
33,989
(Profit)/Loss on disposal of
fixed assets
352
(286)
Provision for staff retirement
benefits
12,289
12,163
written off
Assets under construction
Provision for diminution in value of
unlisted investment
81
Total generated from operations
Funds from other sources:-
Bank and other loans
Proceeds from disposal of
fixed assets
Shares issued
318
115,931
1987
HK$'000
89,086
100
48,527
45,966
152,156
135,052
37,377
1,201
116,249
268,405
38,578
173,630
APPLICATION OF FUNDS
Dividends paid
37,596
29,943
Tax paid
12,660
2,172
Additions to fixed assets and assets
under construction
57,573
28,185
Advance to associate
5
(3)
Increase in other investments
4,520
12,110
Payments to staff retirement funds
15,192
14,357
Repayment of bank and other loans
42,544
90,060
170,090
176,824
98,315
(3,194)
**
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