CMB_1998 — Page 25

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

Profit from ordinary activities

Exceptional items

Interest income

Dividends from listed investments

Depreciation

Loss on sales of fixed assets

Provision for employees' retirement schemes

Provision for major repairs to motor buses

Provision for insurance written back

Provision for obsolescence of stores and spare parts

Payments to employees' retirement schemes

Payments for major repairs to motor buses

Payments for insurance

Decrease/(increase) in stores and spare parts

Decrease in debtors, deposits and prepayments

(Decrease)/increase in creditors and accruals

Reclassification of deferred liabilities as current liabilities

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 banks

Cash at banks and in hand

20

20

1998

1997

$000's

$000's

113,659

407,440

98,227

(339,202)

(164,454)

(50,381)

(96) 38,801

(29)

34,761

425

333

23,548

71,699

6,195

(33,456)

(7,947)

21,533

2,423

(23,058)

(30,040)

(6,195)

(7,233)

(8,341)

7,995

(6,034)

2,540

4,607

(13,886)

8,784

(10,998)

(36,458)

53,547

51,615

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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