1996 — Page 118

Consolidated Cash Flow Statement

For the year ended 31 December 1996

Note

1996

1995

HK$'000 HK$'000

HK$'000

HK$'000

Net cash inflow from operating activities

(a)

1,180,946

970,047

Returns on investments and servicing of finance

Interest received

33,055

Interest paid

(31,438)

31,232

(29,023)

མ

Dividends paid

(375,384)

(330,985)

Net cash outflow from returns on investments

Taxation

and servicing of finance

Hong Kong profits tax paid

Investing activities

Purchase of fixed assets

Sale of fixed assets

(373,767)

(328,776)

(78,267)

(90,712)

(842,978)

(508,382)

4,013

2,559

Fixed deposits

Advances to subsidiary

Investment in associated companies

Advances to associated companies

(1,500)

(12,500)

(23,815)

(104)

(51)

Net cash outflow from investing activities

(840,620)

(542,138)

Net cash (outflow)/inflow before financing

(111,708)

8,421

Financing

(b)

New bank loans

200,000

200,000

Repayment of bank loans

Net cash inflow from financing

(Decrease)/increase in cash and cash equivalents

(126,542)

(128,781)

73,458

71,219

(38,250)

79,640

Cash and cash equivalents at 1 January

444,712

365,143

Cash and cash equivalents contributed by

subsidiary arising on consolidation

23,859

Effect of foreign exchange rates

563

(71)

Cash and cash equivalents at 31 December

(c)

430,884

444,712

45