1994 — Page 50

Cash Flow Statement

for the year ended 31 December 1994

Notes to the cash flow statement

a.

Reconciliation of operating profit to net cash inflow from operating activities

1994

1993

HK$'000

HK$'000

Operating profit

490,507

384,495

Depreciation

222,619

196,302

Interest income

(26,532)

(11,199)

Interest expenses

28,369

33,683

(Increase)/decrease in spare parts and stores

(40,306)

3,762

Decrease/(increase) in accounts receivable

18,273

(33,838)

(Increase)/decrease in deposits and prepayments

(2,567)

11,879

(Decrease)/increase in accounts payable

(132,402)

217,316

Profit on disposal of fixed assets

(460)

(6,189)

Provision for staff retirement fund

192,000

126,000

Provision for contingency

18,876

2,534

Effect of foreign exchange rates

(62)

Net cash inflow from operating activities.

768,315

924,745

b. Analysis of changes in financing during the year

Balance at 1 January 1994

Cash outflow from financing

Balance at 31 December 1994

C.

Analysis of the balances of cash and cash equivalents

48

Bank loans

HK$'000

504,021

(145,986)

358,035

1994

HK$'000

1993

HK$'000

Cash at bank and in hand

392,936

432,228

Bank loans and overdrafts repayable

within three months

(27,793)

(32,899)

365,143

399,329

The Kowloon Motor Bus Company (1933) Limited

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