1984 — Page 11

Statement of Changes in Group's Financial Position

for the year ended 31st December 1984

(Expressed in HK$'000)

Source of Funds

Profit before taxation

Adjustment for items not involving

the movement of funds:-

Depreciation

1984

42,841

1983

26,014

24,892

20,142

Loss on disposal of fixed assets Provision for staff retirement benefits Provision for diminution in value of: Interest in an associated company

965

921

9,198

194

6,874

890

Other unquoted investment

482

432

Exchange adjustments

(246)

Share of losses of associates

1,584

5,035

43,995

27,368

Total generated from operations

86,836

53,382

Funds from other sources:-

Bank and other loans

20,403

38,750

Proceeds from disposal of fixed assets Tax refunded

2,168

16,615

1,145

22,571

56,510

109,407

109,892

Application of Funds

Dividends paid

20,794

20,794

Tax paid

960

334

Additions to fixed assets (including

assets under construction)

49,534

71,114

Advances to associated companies

11,711

16,644

Payments to staff retirement funds Repayment of bank and other loans Increase in investments in an

4,115

}

2,650

42,540

25,729

associated company

6,583

129,654

143,848

(20,247)

(33,956)

Other Items not Involving the Movement of Funds

Machinery transferred from stock to

fixed assets

Increase/(Decrease) in Working Capital

Stocks and work in progress

Goods in transit

Debtors and prepayments

Creditors and accrued charges

Movements in net liquid funds:

Cash and bank balances

Bank overdraft and loans

(249)

1,295

(20,496)

(32,661)

(5,378)

(1,156)

(49)

(2,749)

10,354

(2,082)

(4,249)

20,261

(5,165)

(46,935)

(16,009)

(21,174)

(46,935)

(20,496)

(32,661)

The notes on pages 11 to 20 form part of these accounts.

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