CONSOLIDATED CASH FLOW STATEMENT
For the year ended 31 December 2018
Operating activities
2018
2017
(restated)
Note
HK$'000
HK$'000
HK$'000
HK$'000
Profit before taxation
397,757
343,527
Adjustments for:
Depreciation
5(b)
5,445
Amortisation of leasehold land premium
5(b)
1,369
5,676
1,369
Impairment losses on trade and other
receivables
5(b)
122
Change in fair value of other financial assets
designated at fair value through profit or loss
4
2,977
Net profit on disposal of available-for-sale
securities
4
(61,522)
Net profit on disposal of financial assets
designated at fair value through profit or loss
4
1
(2,930)
Net profit on disposal of other property,
plant and equipment
(40)
(3)
Net profit on disposal of other financial assets Cost adjustment
(86)
4
(106)
Valuation gains on investment properties
11
(43,885)
(56,954)
Interest income
(37,105)
(35,148)
Dividend income from listed investments
(12,610)
(11,663)
Share of profits less losses of associates
Share of loss of a joint venture
(1,005)
(926)
131
101
(84,687)
(162,106)
Operating profit before changes
in working capital
313,070
181,421
benefits liabilities
Decrease in net employee retirement
Increase in inventories
Decrease in trade and other receivables
and contract liabilities
650
681
(538,845)
(70,238)
267,191
300,520
(Decrease)/increase in trade and other payables
(613,930)
115,308
(884,934)
346,271
Cash (used in)/generated from operations Profits tax paid
(571,864)
527,692
(22,339)
(65,102)
(22,339)
(65,102)
Net cash (used in)/generated
from operating activities
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018
(594,203)
462,590