48
For the year ended 31 December 2007 (Expressed in Hong Kong dollars)
2006
$’000
25,161
(24,488)
222,461
375
231,347
375
98
(22,181)
–
(17,559)
(261)
55,345
(17,630)
64,140
(226)
894
80
(156)
(2,182)
8,347
Operating profit before changes in working capital
Increase in trade receivables
Decrease in prepaid expenses
Increase in amount due from immediate
holding company
Decrease/(Increase) in deposits, prepayments
and other receivables
(Decrease)/Increase in payables and accrued charges
(Decrease)/Increase in rentals received in advance
(Increase)/Decrease in amounts due from
a jointly controlled entity
Decrease in deferred income
(Decrease)/Increase in deposits received
281,746
(227)
11,070
242,194
(38,622)
7,020
(19)
(82)
14,992
(4,188)
(476)
(2,302)
4,787
2,741
(89)
(14,354)
(795)
5,059
(16,870)
4,433
Cash generated from operations
Hong Kong profits tax refunded
Overseas tax paid
287,660
–
(18,616)
208,358
21,672
(15,129)
Net cash generated from operating activities
269,044
214,901
Operating activities
Profit/(Loss) before taxation
Adjustments for:
Depreciation
Amortisation of leasehold land held for own use
Impairment loss recognised in respect of
property, plant and equipment
Interest income
Gain on disposal of property, plant and
equipment
Finance costs
Surplus arising on revaluation of investment
property
Share of results of jointly controlled entities
Impairment loss for trade and other receivables
ANNUAL REPORT 2007
CONSOLIDATED CASH FLOW STATEMENT
2007
$’000
49
For the year ended 31 December 2007 (Expressed in Hong Kong dollars)
CONSOLIDATED CASH FLOW STATEMENT
Investing activities
Payment for purchase of property, plant
and equipment
Proceeds from disposal of property, plant
and equipment
Advances/loans to jointly controlled entities
Interest received
Decrease/(Increase) in pledged bank deposits
Net cash generated from investing activities
2007
$’000
2006
$’000
(11,426)
(7,098)
295
(245)
22,431
5,441
70,898
(7,518)
16,896
(20,491)
16,496
52,687
Financing activities
Interest paid
Repayment of bank borrowings
(64,243)
(253,013)
(63,514)
(191,226)
Net cash used in financing activities
(317,256)
(254,740)
Net (decrease)/increase in cash and cash equivalents
(31,716)
12,848
Cash and cash equivalents at 1 January
341,325
326,440
2,416
2,037
312,025
341,325
Effect of foreign exchange rates changes
Cash and cash equivalents at 31 December
ANNUAL REPORT 2007