2018E — Page 86

CONSOLIDATED CASH FLOW STATEMENT

For the year ended 31 December 2018

Operating activities

2018

2017

(restated)

Note

HK$'000

HK$'000

HK$'000

HK$'000

Profit before taxation

397,757

343,527

Adjustments for:

Depreciation

5(b)

5,445

Amortisation of leasehold land premium

5(b)

1,369

5,676

1,369

Impairment losses on trade and other

receivables

5(b)

122

Change in fair value of other financial assets

designated at fair value through profit or loss

4

2,977

Net profit on disposal of available-for-sale

securities

4

(61,522)

Net profit on disposal of financial assets

designated at fair value through profit or loss

4

1

(2,930)

Net profit on disposal of other property,

plant and equipment

(40)

(3)

Net profit on disposal of other financial assets Cost adjustment

(86)

4

(106)

Valuation gains on investment properties

11

(43,885)

(56,954)

Interest income

(37,105)

(35,148)

Dividend income from listed investments

(12,610)

(11,663)

Share of profits less losses of associates

Share of loss of a joint venture

(1,005)

(926)

131

101

(84,687)

(162,106)

Operating profit before changes

in working capital

313,070

181,421

benefits liabilities

Decrease in net employee retirement

Increase in inventories

Decrease in trade and other receivables

and contract liabilities

650

681

(538,845)

(70,238)

267,191

300,520

(Decrease)/increase in trade and other payables

(613,930)

115,308

(884,934)

346,271

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

(571,864)

527,692

(22,339)

(65,102)

(22,339)

(65,102)

Net cash (used in)/generated

from operating activities

Hong Kong Ferry (Holdings) Company Limited Annual Report 2018

(594,203)

462,590