|
|
| FINANCIAL REPORT |
ELECTRICAL
AND MECHANICAL SERVICES TRADING FUND BALANCE SHEET
AS AT 31 MARCH 2001
|
| |
Note |
2001
HK$000
|
2000
HK$000
|
|
|
 |
|
|
| |
ASSETS
Non-current assets
Fixed assets |
(10) |
931,152 |
|
939,700 |
|
|
| |
|
|
| |
Current assets
Stocks and work in progress
Debtors and prepayments
Amounts due from related parties
Interest receivable
Placements with banks
Cash and bank balances |
(11)
|
138,283
8,666
249,993
18,222
2,275,000
15,155 |
|
135,026
16,942
329,039
7,208
1,375,000
78,945 |
|
|
|
|
|
| |
|
|
2,705,319 |
|
1,942,160 |
|
|
|
|
|
|
Current liabilities
Short-term borrowing
Customers' deposits
Creditors
Amounts due to related parties
Deferred revenue
Tax payable
Interest payable to Government |
(12)
(13)
(14) |
30,280
765,983
373,995
209,023
115,423
38,760
11,112 |
|
30,280
474,986
298,726
255,160
45,955
18,340
12,065 |
|
|
|
|
|
| |
|
|
1,544,576 |
|
1,135,512 |
|
|
|
|
|
| |
Net current assets |
|
1,160,743 |
|
806,648 |
|
|
|
|
|
| |
Total assets less current liabilities |
|
2,091,895 |
|
1,746,348 |
|
|
|
|
|
Non-current liabilities
Deferred tax
Government loan |
(15)
(16) |
5,160
151,400 |
|
5,221
181,680 |
|
|
|
|
NET ASSETS |
|
1,935,335 |
|
1,559,447 |
|
|
|
|
CAPITAL AND RESERVES
Trading fund capital
Retained earnings
Proposed dividend |
(17)
(18)
(8) |
706,600
1,085,725
143,010 |
|
706,600
752,032
100,815 |
|
|
|
|
| |
|
1,935,335 |
|
1,559,447 |
|
|
|
|
The annexed notes form part of these accounts.
|
ELECTRICAL
AND MECHANICAL SERVICES TRADING FUND
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2001
|
| |
Note |
2001
HK$000
|
2000
HK$000
|
|
|
|
|
|
| |
Operating
activities
Profit from operations
Depreciation and amortisation
Loss on disposal of fixed assets
Increase in creditors
(Decrease) in amounts due to related parties
Increase in customers' deposits
Increase/(Decrease) in deferred revenue
Decrease in debtors and prepayments
Decrease/(Increase) in amounts due from
related parties
(Increase)/Decrease in stocks and
work in progress |
|
461,001
32,257
208
75,269
(46,137
290,997
69,468
8,276
79,046
(3,257 |
)
) |
347,352
30,752
100
172,879
(30,477
269,629
(4,596
3,702
(183,294
10,863 |
)
)
) |
|
|
|
|
| |
Net cash inflow from operating activities |
|
967,128 |
|
616,910 |
|
|
|
|
|
| |
Returns
on investments and
servicing of finance
Interest received
Interest paid
Dividend paid |
|
93,125
(18,386
(100,815 |
)
) |
56,268
(21,689
(98,287 |
)
)
|
|
|
|
|
|
Net cash outflow from returns on
investments and servicing of finance |
|
(26,076 |
) |
(63,708 |
) |
|
|
|
|
| |
Taxation
Profits tax paid
|
|
(50,645 |
) |
(47,093 |
) |
|
|
|
|
| |
Tax paid |
|
(50,645 |
) |
(47,093 |
) |
|
|
|
|
|
Investing activities
Net increase in placements with banks
Sales proceeds of fixed assets
Acquisition of fixed assets |
|
(210,000
104
(24,021 |
)
) |
(275,000
16
(15,039 |
)
) |
|
|
|
|
Net cash outflow from investing activities
|
|
(233,917 |
) |
(290,023 |
) |
|
|
|
Net cash inflow
before financing |
|
656,490 |
|
216,086 |
|
|
|
|
Financing
Loan repayment
|
(19)
|
(30,280 |
)
|
(30,280 |
) |
|
|
|
Net cash outflow from financing |
|
(30,280 |
) |
(30,280 |
) |
|
|
|
Increase in cash and cash equivalents
Cash and cash equivalents
at 1 April 2000 |
|
626,210
878,945 |
|
185,806
693,139 |
|
|
|
|
Cash and cash equivalents
at 31 March 2001 |
(20) |
1,505,155 |
|
878,945 |
|
|
|
|
The annexed
notes form part of these accounts. |
|
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| |
|
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