Consolidated Cash Flow Statement for the Year Ended 30th June, 1998 (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
1998
1997
$000's
$000's
Profit from ordinary activities
Exceptional items
Interest income
Dividends from listed investments
Depreciation
113,659
407,440
98,227
(339,202)
(164,454)
(50,381)
(96)
(29)
38,801
34,761
Loss on sales of fixed assets
425
333
Provision for employees' retirement schemes
23,548
71,699
Provision for major repairs to motor buses
6,195
Provision for insurance written back
(33,456)
(7,947)
Provision for obsolescence of stores and spare parts
21,533
2,423
Payments to employees' retirement schemes
(23,058)
(30,040)
Payments for major repairs to motor buses
(6,195)
Payments for insurance
(7,233)
(8,341)
Decrease/(increase) in stores and spare parts
7,995
(6,034)
Decrease in debtors, deposits and prepayments
2,540
4,607
(Decrease)/increase in creditors and accruals
(13,886)
8,784
Reclassification of deferred liabilities as current liabilities
(10,998)
(36,458)
Net cash inflow from operating activities
53,547
51,615
(b) Analysis of the balances of cash and cash equivalents as shown in the consolidated balance sheet
Short term deposits with banks
Cash at banks and in hand
20
1998
$000's
1997
$000's
2,554,491
18,137
1,044,433 19,593
2,572,628
1,064,026
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