CONSOLIDATED STATEMENT OF CASH FLOWS
Year ended 30 June 2016
53
Karin Technology Holdings Limited
Annual Report 2016
2016
2015
Notes
HK$’000
HK$’000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
20,153
98,812
Adjustments for:
Bank interest income
5
(781)
(1,120)
Fair value (gains)/losses on investment properties
6
(1,116)
202
Fair value loss on revaluation of land and buildings
6
22
921
Write-down/(reversal of write-down) of inventories to net
realisable value and write-off of obsolete inventories
6
2,899
(3,229)
Depreciation
6
40,382
36,856
Loss on disposal of a subsidiary
6
1,807
–
Fair value losses on derivative financial instruments, net
6
462
217
Fair value gain on a financial asset at fair value through
profit or loss
6
(401)
–
Expense recognised in respect of treasury shares awarded
6
2,978
–
Impairment of trade receivables
6
1,828
2,336
Loss on disposal of items of property, plant and equipment
6
5
88
Finance costs
7
2,258
1,939
Share of profit of an associate
15(b)
(654)
(294)
69,842
136,728
Decrease/(increase) in inventories
14,394
(50,850)
Decrease/(increase) in trade and bills receivables
29,372
(53,935)
Decrease/(increase) in factored trade receivables
(3,352)
1,308
Increase in prepayments, deposits and other receivables
(18,688)
(7,766)
Increase/(decrease) in trade payables
(28,607)
82,183
Increase/(decrease) in other payables and accruals
(37,586)
42,361
Cash generated from operations
25,375
150,029
Interest on bank and other borrowings paid
7
(2,232)
(1,906)
Interest element on finance lease rental payments
7
(26)
(33)
Dividends paid to owners of the Company
(29,972)
(35,132)
Dividends paid to a non-controlling shareholder
(4,800)
(9,200)
Income tax paid
(11,448)
(12,661)
Net cash flows (used in)/from operating activities
(23,103)
91,097
