Consolidated Statement of Changes in Financial Position For The Year Ended 30th June, 1986
(Expressed in Hong Kong dollars)
SOURCE OF FUNDS
Profit before taxation
Adjustment for items not involving
the movement of funds:-
Depreciation
1986
1985
$000's
$000's
30,011
89,827
31,302
32,276
Loss on disposal of fixed assets
557
297
Provision on listed investments
27
Provision for insurance and major
repairs to motor buses
10,721
15,643
Provision for employees'
retirement gratuities
Exchange fluctuation reserve
Total generated from operations
4,196
5,575
(2,649)
(536)
44,154
53,255
74,165
143,082
Funds from other sources:-
Proceeds from disposal of fixed assets
23
67
Unclaimed dividends forfeited
35
35
Transfer of fixed assets to current assets
3,781
58
3,883
74,223
146,965
APPLICATION OF FUNDS
Dividends paid
32,851
33,775
Tax paid
23,408
7,178
Additions to fixed assets
4,965
19,031
Decrease in buses under construction,
on order and in transit
(557)
Payments in respect of insurance and
major repairs to motor buses
9,721
8,643
Employees' retirement gratuities
506
391
Deferred bills paid
6,378
16,466
77,829
84,927
(3,606)
62,038
INCREASE/(DECREASE) IN WORKING CAPITAL
Stores and spare parts
29,475
12,042
Debtors, deposits and prepayments
1,327
(909)
Deposit with Hong Kong Government
1,600
Creditors and accruals
Bills payable
5,465
(806)
6,825
8,148
Movements in net liquid funds:—
Short term deposits
Cash at banks and in hand
(53,512)
48,876
5,214
(5,313)
DUPUN LEIP
(3,606)
62,038
SEASON 3OMYABYRA