Operating activities Profit/(loss) before taxation
- Continuing operations - Discontinued operation
CONSOLIDATED
CASH FLOW STATEMENT
For the year ended 31 December 2016
2016
2015
(restated)
Note
HK$'000
HK$'000
HK$'000
HK$'000
!
296,503
(7,780)
288,723
Adjustments for:
Depreciation
6(b)
5,884
5,893
Amortisation of leasehold land premium
6(b)
1,369
1,369
Impairment losses on trade and other receivables Impairment loss on available-for-sale securities
6(b)
90
2,070
17
46,281
51,992
Net profit on disposal of available-for-sale securities
4
(18,928)
(34,401)
Net loss on disposal of financial assets
designated at fair value through profit or loss
4
10,040
Net unrealised loss on financial assets
designated at fair value through profit or loss
4
9,625
Net loss on disposal of other property,
plant and equipment
4
1
3
Net profit on disposal of investment properties
4
(2,508)
Gain on disposal of subsidiaries
(4,561)
Cost adjustment
4
(34,145)
Valuation gains on investment properties
13
3
(59,305)
(15,627)
Interest income
(22,531)
(25,978)
Dividend income from listed investments
(25,219)
(24,756)
Share of profits less losses of associates
(920)
(1,063)
Share of loss of a joint venture
5
(104,447)
240,978
(9,507)
231,471
(30,873)
Operating profit before changes in
working capital
184,276
200,598
Decrease in net employee retirement benefits liabilities
787
4,052
Decrease in inventories
38,697
493,818
(Increase)/decrease in trade and other receivables
(647,603)
678,667
Increase/(decrease) in trade and other payables
390,582
(773,651)
(217,537)
402,886
Cash (used in)/generated from operations Profits tax paid
(33,261)
603,484
(203,448)
(9,180)
(203,448)
(9,180)
Net cash (used in)/generated from operating
activities
(236,709)
594,304
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2016
71