2014 — Page 47

CONSOLIDATED CASH FLOW STATEMENT

For the year ended 31 December 2014

2014

2013

Note

HK$'000

HK$'000

HK$'000

HK$'000

Operating activities Profit before taxation

Adjustments for:

1,224,149

313,197

Depreciation

5,960

6,059

Amortisation of leasehold land premium

1,369

1,369

Impairment losses/(reversal of impairment

losses) on trade and other receivables Impairment loss on available-for-sale securities Impairment loss on amount due from

200

(24)

15,790

25,481

an associate

324

Net profit on sale of available-for-sale securities

(104,442)

Net profit on disposal of investment properties

(2,250)

Net profit on disposal of unlisted investment

(658)

Net profit on disposal of other property,

plant and equipment

(18,153)

Valuation gains on investment properties

(141,676)

(93,100)

Interest income

(45,354)

(40,473)

Dividend income from listed investments

(15,376)

(23,018)

Share of profits less losses of associates

(818)

(999)

(180,563)

(249,226)

Operating profit before changes

in working capital

1,043,586

63,971

Decrease in employee benefits assets

1,580

1,671

Decrease/(increase) in inventories

1,603,083

(337,287)

Decrease/(increase) in trade and other receivables

1,034,694

(1,711,815)

(Decrease)/increase in trade and other payables

(2,422,042)

2,696,194

Cash generated from operations

Profits tax paid

Net cash generated from operating activities

217,315

648,763

1,260,901

712,734

(24,073)

(25,009)

(24,073)

(25,009)

1,236,828

687,725

Hong Kong Ferry (Holdings) Company Limited Annual Report 2014

45