Consolidated Cash Flow Statement for the Year Ended 30th June, 1996 (Continued)
(Expressed in Hong Kong dollars)
NOTES TO THE CONSOLIDated cash fLOW STATEMENT
(a) Reconciliation of profit from ordinary activities to net cash inflow from operating activities
1996
1995
$000's
$000's
Profit from ordinary activities
64,004
311,650
Surpluses attributable to the disposal of the leasehold land and buildings (exceptional item)
(189,442)
Interest income
(44,928)
(55,749)
Income from listed investments
(89)
(79)
Depreciation
29,955
31,483
Loss/(Gain) on sales of fixed assets
810
(551)
Provision for employees' retirement scheme
28,245
27,924
Provision for major repairs to motor buses
7,140
5,608
Provision for insurance
21,417
27,289
Provision for obsolescence of stores and spare parts
892
3,755
Payments to employees' retirement scheme
(15,980)
(14,026)
Payments for major repairs to motor buses
(6,340)
(5,608)
Payments for insurance
Increase in stores and spare parts
(7,194)
(8,302)
(5,038)
(2,475)
(Increase)/decrease in debtors, deposits and prepayments
(2,475)
8,454
Decrease in creditors and accruals
(235)
(42,993)
Reclassification of deferred liabilities as current liabilities
(24,225)
(30,371)
45,959
66,567
Net cash inflow from operating activities
(b) Analysis of the balances of cash and cash equivalents as shown in the consolidated balance sheet
Short term deposits with bank
Cash at bank and in hand
19
1996
$000's
1995
$000's
807,948
843,348
18,354
19,532
826,302
862,880