CONSOLIDATED STATEMENT OF CHANGES IN FINANCIAL POSITION for the year ended 31st December, 1985
1985
1985
US$Millions
HK$Millions
1984 HK$Millions
Source of funds
199
30
17
Attributable profit
Disposal of fixed assets at book value
Add: Items not requiring the outlay of funds Depreciation and amortisation
1,554 233
1,292
87
134
111
11
Minority interests in profit for the year
86
86
(13)
Property revaluation reserve transferred
(100)
(113)
27
Fixed assets transferred to current assets
214
334
(19)
(Profit) loss retained in associated companies
(151)
30
(1)
Exchange difference
(12)
(2)
22
171
446
251
Funds generated from operations
1,958
1,825
Funds from other sources
Issue of ordinary shares less expenses for acquisition of
34
subsidiary companies
268
Subscription of ordinary shares by warrant holders
2
450
1
Capital in subsidiary companies issued to minority
4
1
177
Increase in long term liabilities
1,380
177
17
Increase (decrease) in deposits on sales of property under development
137
(137)
229
1,791
491
480
Total funds generated
3,749
2,316
Application of funds
155
Additions to fixed assets
1,210
893
342
Increase in associated companies and other investments
2,673
18
Decrease in loan stock
1
427
67
Dividends paid to shareholders of Hutchison Whampoa Limited Dividends paid to outside shareholders of subsidiary companies of
524
1,967
7
Hutchison Whampoa Limited
56
79
11
14
Redemption of preference shares of Hutchison Whampoa Limited Redemption of preference shares of a subsidiary company
84
107
4
Purchase of goodwill on acquisition of subsidiary companies
30
12
600
4,685
3,396
(120)
(936)
(1,080)
18
Increase (decrease) in working capital other than net liquid funds Increase (decrease) in property under development for sale
140
(150)
7
Increase in stocks
52
41
17
Increase in debtors
135
11
(26)
Increase in current liabilities
(199)
(184)
16
128
(282)
(136)
Decrease in net liquid funds
(1,064)
(798)
Notes:
1. Net liquid funds comprise bank balances and other liquid funds, dealing
investments, overdrafts and short term loans.
2. The effect on the Group's net assets of the acquisition of subsidiary companies
during the year is as follows:
Net assets acquired
Fixed assets
Stocks
Debtors
Net liquid funds
Goodwill
Decrease in associated companies
Current liabilities
Long term liabilities
Discharged by Issue of ordinary shares Cash consideration
619
4
209
68
30
(47)
11-22 |
(72)
(200)
611
16
270
341
16
6:
611
16
33
HUTCHISON WHAMPOA LIMITED
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