Consolidated Cash Flow Statement for the Year Ended 30th June, 1997 (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
1997
1996
$000's
$000's
Interest income
Profit from ordinary activities
Surpluses attributable to exceptional non cash items
Income from listed investments
Depreciation
407,440
64,004
(339,202)
(50,381)
(44,928)
(29)
(89)
34,761
29,955
Loss on sales of fixed assets
333
810
Provision for employees' retirement scheme
71,699
28,245
Provision for major repairs to motor buses
6,195
7,140
Provision for insurance (written back)/charged
(7,947)
21,417
Provision for obsolescence of stores and spare parts
2,423
892
Payments to employees' retirement scheme
(30,040)
(15,980)
Payments for major repairs to motor buses
(6,195)
(6,340)
Payments for insurance
(8,341)
(7,194)
Increase in stores and spare parts
(6,034)
(5,038)
Decrease/(increase) in debtors, deposits and prepayments
4,607
(2,475)
Increase/(decrease) in creditors and accruals
8,784
(235)
Reclassification of deferred liabilities as current liabilities
(36,458)
(24,225)
Net cash inflow from operating activities
51,615
45,959
(b) Analysis of the balances of cash and cash equivalents as shown in the consolidated balance sheet
1997
$000's
1996
$000's
Short term deposits with banks
1,044,433
807,948
Cash at banks and in hand
19,593
18,354
1,064,026
826,302
19
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