1999 1998
Notes HK$ HK$
NET CASH INFLOW FROM OPERATING
ACTIVITIES 23 222,174,849 209,628,897
------------ ------------
RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Dividends paid (49,342,719) (73,989,038)
Interest paid (10,060,624) (8,593,255)
Dividends paid to minority
shareholders of subsidiaries (6,500,000) (11,600,000)
Interest received 6,190,761 4,744,709
Dividends received - 22,857
------------ ------------
NET CASH OUTFLOW FROM RETURNS ON
INVESTMENTS AND SERVICING OF FINANCE (59,712,582) (89,414,727)
------------ ------------
TAXATION
Hong Kong Profits Tax paid (23,552,889) (15,513,876)
Hong Kong Profits Tax refunded 1,622,804 -
------------ ------------
(21,930,085) (15,513,876)
------------ ------------
INVESTING ACTIVITIES
Purchase of fixed assets (82,629,524) (126,443,251)
Acquisition of a subsidiary 24 (1,484,604) -
Repayment from (advances to)
jointly controlled entities 6,996,748 (9,247,246)
Proceeds on disposal of fixed
assets 3,596,530 291,405
Repayment from an associated
company 3,186,852 -
Investment in jointly controlled
entities - (5,070,536)
Deposits for purchase of fixed
assets - (4,515,411)
Proceeds on disposal of listed
investments - 2,405,229
------------ ------------
NET CASH OUTFLOW FROM INVESTING
ACTIVITIES (70,333,998) (142,579,810)
------------ ------------
NET CASH INFLOW (OUTFLOW) BEFORE
FINANCING 70,198,184 (37,879,516)
------------ ------------
FINANCING 25
Repayment of bank borrowings (78,775,069) (108,836,108)
Repayment of obligations under
finance leases (2,695,143) (3,099,934)
(Repayment to) loan from a
minority shareholder of a
subsidiary (381,000) 600,000
New bank borrowings raised 14,190,000 146,481,910
Proceeds from issue of new shares - 6,201,700
Refinancing of fixed assets - 5,357,296
------------ ------------
NET CASH (OUTFLOW) INFLOW FROM
FINANCING (67,661,212) 46,704,864
------------ ------------
INCREASE IN CASH AND CASH
EQUIVALENTS 2,536,972 8,825,348
CASH AND CASH EQUIVALENTS AT THE
BEGINNING OF THE YEAR 118,560,941 109,833,458
EFFECT OF FOREIGN EXCHANGE RATE
CHANGES 70,850 (97,865)
------------ ------------
CASH AND CASH EQUIVALENTS AT THE
END OF THE YEAR
representing bank balances,
deposits and cash 121,168,763 118,560,941
============ ============
| © Copyright 1996-2023 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |