Consolidated Statement of Changes in Financial Position For The Year Ended 30th June, 1985
(Expressed in Hong Kong dollars)
SOURCE OF FUNDS
Profit before taxation
Adjustment for items not involving
the movement of funds:-
1985
1984
$000's
$000's
89.827
62.715
Depreciation
32,276
32.030
Loss on disposal of fixed assets
297
251
Provision for insurance and major
repairs to motor buses
15.643
15.237
Provision for employees'
retirement gratuities
5,575
4.889
Exchange fluctuation reserve
(536)
1.302
53,255
Total generated from operations
143,082
53.709
116.424
Funds from other sources:-
Proceeds from disposal of fixed assets Unclaimed dividends forfeited
67
35
الالالالالالالا
33
23
Transfer of fixed assets to current assets
3.781
3.883
146,965
56
116.480
APPLICATION OF FUNDS
Dividends paid
33,775
31.000
Tax paid
7,178
13.024
Additions to land
318
Additions to other fixed assets
19.031
27,561
Decrease in buses under construction,
on order and in transit
(557)
(8.385)
Payments in respect of insurance
and major repairs to motor buses
8,643
6.237
Employees' retirement gratuities paid
391
338
Land premium paid.
1.663
Deferred bills paid
16.466
19.371
84,927
91.127
62,038
25.353
INCREASE/(DECREASE) IN WORKING CAPITAL
Stores and spare parts
Debtors, deposits and prepayments
Creditors and accruals
Employees' deposits
Bills payable
Movements in net liquid funds:—
Short term deposits
Cash at banks and in hand
13
12,042
(909)
3.589
272
(815)
(6,893)
9
15
8,148
1.172
48.876
22.448
(5,313)
4,750
62,038
25.353
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