CMB_1997_Copy2 — Page 23

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

Provision for employees' retirement scheme

Provision for major repairs to motor buses

Provision for insurance (written back)/charged

Provision for obsolescence of stores and spare parts

Payments to employees' retirement scheme

Payments for major repairs to motor buses

Payments for insurance

Increase in stores and spare parts

Decrease/(increase) in debtors, deposits and prepayments

Increase/(decrease) in creditors and accruals

Reclassification of deferred liabilities as current liabilities

Net cash inflow from operating activities

333

810

71,699

28,245

6,195

7,140

(7,947)

21,417

2,423

892

(30,040)

(15,980)

(6,195)

(6,340)

(8,341)

(7,194)

(6,034)

(5,038)

4,607

(2,475)

8,784

(235)

(36,458)

(24,225)

51,615

45,959

(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

19

1997

$000's

1996

$000's

1,044,433

807,948

19,593

18,354

1,064,026

826,302