2016 — Page 73

Operating activities Profit/(loss) before taxation

- Continuing operations - Discontinued operation

CONSOLIDATED

CASH FLOW STATEMENT

For the year ended 31 December 2016

2016

2015

(restated)

Note

HK$'000

HK$'000

HK$'000

HK$'000

!

296,503

(7,780)

288,723

Adjustments for:

Depreciation

6(b)

5,884

5,893

Amortisation of leasehold land premium

6(b)

1,369

1,369

Impairment losses on trade and other receivables Impairment loss on available-for-sale securities

6(b)

90

2,070

17

46,281

51,992

Net profit on disposal of available-for-sale securities

4

(18,928)

(34,401)

Net loss on disposal of financial assets

designated at fair value through profit or loss

4

10,040

Net unrealised loss on financial assets

designated at fair value through profit or loss

4

9,625

Net loss on disposal of other property,

plant and equipment

4

1

3

Net profit on disposal of investment properties

4

(2,508)

Gain on disposal of subsidiaries

(4,561)

Cost adjustment

4

(34,145)

Valuation gains on investment properties

13

3

(59,305)

(15,627)

Interest income

(22,531)

(25,978)

Dividend income from listed investments

(25,219)

(24,756)

Share of profits less losses of associates

(920)

(1,063)

Share of loss of a joint venture

5

(104,447)

240,978

(9,507)

231,471

(30,873)

Operating profit before changes in

working capital

184,276

200,598

Decrease in net employee retirement benefits liabilities

787

4,052

Decrease in inventories

38,697

493,818

(Increase)/decrease in trade and other receivables

(647,603)

678,667

Increase/(decrease) in trade and other payables

390,582

(773,651)

(217,537)

402,886

Cash (used in)/generated from operations Profits tax paid

(33,261)

603,484

(203,448)

(9,180)

(203,448)

(9,180)

Net cash (used in)/generated from operating

activities

(236,709)

594,304

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2016

71