2015 — Page 68

66

CONSOLIDATED CASH FLOW STATEMENT

For the year ended 31 December 2015

Operating activities

2015

2014

Note

HK$'000

HK$'000

HK$'000

HK$'000

Profit before taxation

231,471

1,224,149

Adjustments for:

Depreciation

5(b)

5,893

5,960

Amortisation of leasehold land premium

5(b)

1,369

1,369

Impairment losses on trade and

other receivables

5(b)

2,070

200

Impairment loss on available-for-sale securities 15

51,992

15,790

Net profit on disposal of available-for-sale

securities

(34,401)

Net unrealised loss on financial assets

designated at fair value through profit or loss 4

9,625

Net profit on disposal of unlisted investment

4

(658)

Net loss on disposal of other property, plant

and equipment

4

3

Valuation gains on investment properties

12

(15,627)

(141,676)

Interest income

(25,978)

(45,354)

Dividend income from listed investments

(24,756)

(15,376)

Share of profits less losses of associates

(1,063)

(818)

(30,873)

(180,563)

Operating profit before changes in

working capital

200,598

1,043,586

Decrease in net employee retirement benefits assets

4,052

1,580

Decrease in inventories

493,818

1,603,083

Decrease in trade and other receivables

678,667

1,034,694

Decrease in trade and other payables

(773,651)

(2,422,042)

402,886

217,315

Cash generated from operations

Profits tax paid

Net cash generated from operating activities

Hong Kong Ferry (Holdings) Company Limited Annual Report 2015

603,484

1,260,901

(9,180)

(24,073)

(9,180)

(24,073)

594,304

1,236,828