CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended 30 June 2015
Annual Report 2015
Karin Technology Holdings Limited
53
2015
2014
Notes
HK$’000
HK$’000
Net cash flows from/(used in) operating activities
91,097
(3,841)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of items of property, plant and equipment
285
213
Purchases of items of property, plant and equipment
(19,354)
(14,281)
Prepayment for acquisition of a property
–
(6,730)
Prepayment for leasehold improvement
(598)
–
Interest received
1,120
973
Decrease/(increase) in time deposits with maturity of
more than three months when acquired
2,796
(7,638)
Net cash flows used in investing activities
(15,751)
(27,463)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of employee share options
26
814
1,330
Purchase of treasury shares
26(a)
(529)
(1,596)
New bank and other borrowings
2,069,814
2,204,738
Repayment of bank and other borrowings
(2,097,120)
(2,187,699)
Capital element of finance lease rental payments
(147)
(102)
Capital contribution by a non-controlling shareholder
2,000
5,200
Net cash flows (used in)/from financing activities
(25,168)
21,871
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
50,178
(9,433)
Cash and cash equivalents at beginning of financial year
82,762
92,287
Effect of foreign exchange rate changes, net
845
(92)
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR
133,785
82,762
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS
Cash and bank balances other than time deposits
21
104,937
68,213
Time deposits
21
33,690
22,187
Cash and cash equivalents as stated in the
consolidated statement of financial position
21
138,627
90,400
Non-pledged time deposits with original maturity
of more than three months when acquired
(4,842)
(7,638)
Cash and cash equivalents as stated in the
consolidated statement of cash flows
133,785
82,762
