The Land Registry 2006/07 Annual Report
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Financial Statements
Land Registry Trading Fund
Cash Flow Statement
for the year ended 31 March 2007
(Expressed in thousands of Hong Kong dollars)
| Note | 2007 |  |
2006 | |||
| Cash flows from operating activities | ||||||
| Profit from operations | 108,968 | 147,196 | ||||
| Depreciation and amortisation | 46,046 | 42,054 | ||||
| Increase in deferred revenue | 1,280 | 1,442 | ||||
| (Decrease)/Increase in creditors and amounts due to related parties | (17,490 | ) | 11,677 | |||
| Increase/(Decrease) in provision for employee benefits | 637 | (2,758 | ) | |||
| (Decrease)/Increase in customers' deposits | (29 | ) | 249 | |||
| Increase in debtors and amounts due from related parties | (352 | ) | (1,132 | ) | ||
| Profits tax paid | (24,671 | ) | (35,283 | ) | ||
| Net cash from operating activities | 114,389 | 163,445 | ||||
| Cash flows from investing activities | ||||||
| (Increase)/Decrease in placements with banks (other than cash equivalents | (451,000 | ) | 402,000 | |||
| Capital projects | (15,292 | ) | (46,582 | ) | ||
| Purchase of held-to-maturity securities | - | (99,466 | ) | |||
| Interest received | 21,473 | 17,179 | ||||
| Net cash (used in)/from investing activities | (444,819 | ) | 273,131 | |||
| Cash flows from financing activities | ||||||
| Dividend paid | (69,752 | ) | (69,064 | ) | ||
| Net cash used in financing activities | (69,752 | ) | (69,064 | ) | ||
| Net (decrease)/increase in cash and cash equivalents | (400,182 | ) | 367,512 | |||
| Cash and cash equivalents at beginning of year | 462,636 | 95,124 | ||||
| Cash and cash equivalents at end of year | 17 | 62,454 | 462,636 |
The Notes to the Accounts form part of these accounts.