KOWLOON-CANTON RAILWAY
Source and Application of Funds for the year ended 31st March 1978
SOURCE OF FUNDS
Surplus before interest
APPENDIX IV
$'000
1978 $'000 $'000
1977
$'000
$'000
$'000
877
3,282
Adjustment for items not
involving the movement of funds:
Depreciation
3,925
2,454
Increase in balance sheet
provisions
173
98
TOTAL GENERATED FROM
OPERATIONS
4,975
5,834
FUNDS FROM OTHER SOURCES
Interest received
537
828
5,512
6,662
APPLICATION OF FUNDS
Capital expenditure
(9,771)
(8,739)
(4,259)
(2,077)
INCREASE/DECREASE IN
WORKING CAPITAL
Increase in advances and
debtors
368
152
Decrease in miscellaneous
deposits
277
47
Decrease in creditors
246
258
(Decrease) in stocks and
work in progress
(55)
(2)
Movement in net liquid
funds :
Increase (decrease) in :
Cash at bank and in hand
Cash at Treasury Current Account
501
1
(5,596) (5,095)
(2,533) (2,532)
(4,259)
(2,077)