CMB_1994 — Page 18

Consolidated Cash Flow Statement for the Year Ended 30th June, 1994 (Continued)

(Expressed in Hong Kong dollars)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

(a) Reconciliation of profit before taxation to net cash inflow from operating activities

1994

1993

$000's

$000's

Profit before taxation

Exceptional item

Interest income

Income from listed investments

Depreciation

267,808

91,351

(177,374)

(31,209)

(25,803)

(73)

(90)

29,888

28,323

(Gain)/loss on sales of fixed assets

(1,001)

276

Provision for employees' retirement schemes.

29,765

29,319

Provision for major repairs to motor buses

4,439

5,950

Provision for uninsured third party claims and loss of profits resulting from fire damage

33,025

48,010

Payments to employees' retirement schemes

(60,279)

(5,553)

Payments for major repairs to motor buses

(5,439)

(6,450)

Payments for uninsured third party claims and loss of profits resulting from fire damage

(7,666)

(5,510)

(Increase)/Decrease in stores and spare parts

(1,012)

18,023

Increase in debtors, deposits and prepayments

(10,207)

(4,632)

Increase in creditors and accruals

60,715

9,389

Reclassification of deferred liabilities as current liabilities

(44,244)

Net cash inflow from operating activities

87,136

182,603

(b) Analysis of the balances of cash and cash equivalents as shown in the consolidated balance sheet

1994

$000's

1993

$000's

Short term deposits with banks

1,030,272

883,299

Cash at bank and in hand

13,338

10,239

1,043,610

893,538

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