THE LAND REGISTRY TRADING FUND |
CASH FLOW STATEMENT |
For the year ended 31 March 2004 |
Expressed in HK$ ' 000 |
 |
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Note |
|
2004 |
|
2003 |
|
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|
Cash flows from operating activities |
|
|
|
|
|
|
Profit from operations |
|
|
91,463 |
|
82,135 |
|
Depreciation and amortisation |
|
|
10,420 |
|
11,228 |
|
Decrease in deferred revenue |
|
|
(100) |
|
(772) |
|
(Decrease)/Increase in creditors
and amounts due to related parties |
|
|
(3,783) |
|
3,455 |
|
Increase/(Decrease) in provision
for employee benefits |
|
|
5,417 |
|
(2,087) |
|
Decrease in customers ’ deposits |
|
|
(142) |
|
(1,301) |
|
(Increase)/Decrease in debtors
and amounts due from related parties |
|
|
(3,948) |
|
6,511 |
|
Profits tax refund |
|
|
4,064 |
|
- |
|
Profits tax paid |
|
|
(3,890) |
|
(19,080) |
|
|
|
|
|
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| |
|
|
|
|
|
|
|
Net cash from operating activities |
|
|
99,501 |
|
80,089 |
|
|
|
|
|
|
|
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| |
|
|
|
|
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Cash flows from investing activities
|
|
|
|
|
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|
Net decrease/(increase) in placements
with banks (other than cash equivalents) |
|
|
- |
|
15,000 |
|
Proceeds from disposal of fixed assets |
|
|
24 |
|
- |
|
Capital projects |
|
|
(40,300) |
|
(50,750) |
|
Rental received |
|
|
- |
|
549 |
|
Interest received |
|
|
4,861 |
|
8,270 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Net cash used in investing activities
|
|
|
(35,415) |
|
(26,931) |
|
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Cash flows from financing activities |
|
|
|
|
|
|
Loan repayments |
12 |
|
(23,660) |
|
(23,660) |
|
Interest paid |
|
|
(1,191) |
|
(2,561) |
|
Dividend paid |
|
|
(37,682) |
|
(27,570) |
|
|
|
|
|
|
|
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| |
|
|
|
|
|
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|
Net cash used in financing activities
|
|
|
(62,533) |
|
(53,791) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase/(decrease) in cash
and cash equivalents
|
|
|
1,553 |
|
(633) |
|
Cash and cash equivalents at 1 April |
|
|
2,372 |
|
3,005 |
|
|
|
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|
|
|
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Cash and cash equivalents at 31 March |
17 |
|
3,925 |
|
2,372 |
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