CMB_1996_Copy2 — Page 23

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