Cash Flow Statement
for the year ended 31 December 1994
Notes to the cash flow statement
a.
Reconciliation of operating profit to net cash inflow from operating activities
1994
1993
HK$'000
HK$'000
Operating profit
490,507
384,495
Depreciation
222,619
196,302
Interest income
(26,532)
(11,199)
Interest expenses
28,369
33,683
(Increase)/decrease in spare parts and stores
(40,306)
3,762
Decrease/(increase) in accounts receivable
18,273
(33,838)
(Increase)/decrease in deposits and prepayments
(2,567)
11,879
(Decrease)/increase in accounts payable
(132,402)
217,316
Profit on disposal of fixed assets
(460)
(6,189)
Provision for staff retirement fund
192,000
126,000
Provision for contingency
18,876
2,534
Effect of foreign exchange rates
(62)
Net cash inflow from operating activities.
768,315
924,745
b. Analysis of changes in financing during the year
Balance at 1 January 1994
Cash outflow from financing
Balance at 31 December 1994
C.
Analysis of the balances of cash and cash equivalents
48
Bank loans
HK$'000
504,021
(145,986)
358,035
1994
HK$'000
1993
HK$'000
Cash at bank and in hand
392,936
432,228
Bank loans and overdrafts repayable
within three months
(27,793)
(32,899)
365,143
399,329
The Kowloon Motor Bus Company (1933) Limited
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