1977-1978 — Page 29

KOWLOON-CANTON RAILWAY

Source and Application of Funds for the year ended 31st March 1978

SOURCE OF FUNDS

Surplus before interest

APPENDIX IV

$'000

1978 $'000 $'000

1977

$'000

$'000

$'000

877

3,282

Adjustment for items not

involving the movement of funds:

Depreciation

3,925

2,454

Increase in balance sheet

provisions

173

98

TOTAL GENERATED FROM

OPERATIONS

4,975

5,834

FUNDS FROM OTHER SOURCES

Interest received

537

828

5,512

6,662

APPLICATION OF FUNDS

Capital expenditure

(9,771)

(8,739)

(4,259)

(2,077)

INCREASE/DECREASE IN

WORKING CAPITAL

Increase in advances and

debtors

368

152

Decrease in miscellaneous

deposits

277

47

Decrease in creditors

246

258

(Decrease) in stocks and

work in progress

(55)

(2)

Movement in net liquid

funds :

Increase (decrease) in :

Cash at bank and in hand

Cash at Treasury Current Account

501

1

(5,596) (5,095)

(2,533) (2,532)

(4,259)

(2,077)