2013 — Page 52

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Hong Kong Ferry (Holdings) Company Limited

Annual Report 2013

Consolidated Cash Flow Statement

for the year ended 31 December 2013

2013

2012

Note

HK$'000

HK$'000

HK$'000

Restated

HK$'000

Restated

Operating activities

Profit before taxation

Adjustments for:

Depreciation

Amortisation of leasehold land premium

(Reversal of impairment losses)/impairment

313,197

6,059

1,369

433,926

7,068

1,370

losses on trade and other receivables

Impairment loss on available-for-sale securities Impairment loss on amount due from

(24)

682

25,481

34,441

an associate

324

Net profit on sale of available-for-sale securities

Net profit on disposal of investment properties

(104,442)

(2,250)

(3,451)

Net profit on disposal of investment property

held for development

(4,172)

Net (profit)/loss on disposal of other property,

plant and equipment

(18,153)

4

Valuation gains on investment properties and

investment property held for development

(93,100)

(220,510)

Interest income

(40,473)

(26,303)

Dividend income from listed investments

(23,018)

(16,758)

Share of profits less losses of associates

(999)

(734)

(249,226)

(228,363)

Operating profit before changes

in working capital

63,971

205,563

Decrease in employee benefits assets

1,671

Increase in inventories

(337,287)

(Increase)/decrease in trade and other receivables

(1,711,815)

Increase in trade and other payables

2,696,194

1,504

(62,478)

44,560

6,403

Cash generated from operations

Profits tax paid

Net cash generated from operating activities

648,763

(10,011)

712,734

195,552

(25,009)

(18,216)

(25,009)

(18,216)

687,725

177,336