CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended 30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
52
2015
2014
Notes
HK$’000
HK$’000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
98,812
50,871
Adjustments for:
Bank interest income
5
(1,120)
(973)
Fair value losses/(gains) on investment properties
6
202
(114)
Fair value loss on revaluation of land and buildings
6
921
–
(Reversal of write-down)/write-down of inventories to net
realisable value and write-off of obsolete inventories
6
(3,229)
1,207
Depreciation
6
36,856
31,340
Fair value losses on derivative financial instruments, net
6
217
1,001
Expense recognised in respect of treasury shares awarded
6
–
1,343
Impairment/(reversal of impairment) of trade receivables
6
2,336
(524)
Loss on disposal of items of property, plant and equipment
6
88
91
Finance costs
7
1,939
2,016
Share of profit of an associate
15(b)
(294)
(111)
136,728
86,147
Decrease/(increase) in inventories
(50,850)
11,703
Decrease/(increase) in trade and bills receivables
(53,935)
1,133
Decrease/(increase) in factored trade receivables
1,308
(2,372)
Decrease/(increase) in prepayments, deposits and other receivables
(7,766)
1,633
Increase/(decrease) in trade payables
82,183
(48,623)
Increase/(decrease) in other payables and accruals
42,361
(2,148)
Cash generated from operations
150,029
47,473
Interest on bank and other borrowings paid
7
(1,906)
(2,006)
Interest element on finance lease rental payments
7
(33)
(10)
Dividends paid to owners of the Company
(35,132)
(30,841)
Dividends paid to a non-controlling shareholder
(9,200)
(6,200)
Income tax paid
(12,661)
(12,257)
Net cash flows from/(used in) operating activities
91,097
(3,841)
