|
|
|
1998 |
1997 |
|
|
HK$'000 |
HK$'000 |
|
|
|
|
|
| NET CASH INFLOW FROM OPERATING ACTIVITIES |
420,712 |
324,190 |
|
----------- |
----------- |
|
|
|
|
|
| RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
|
|
Interest received |
10,292 |
21,176 |
Interest paid |
(53,244) |
(64,128) |
|
----------- |
----------- |
|
| Net cash outflow from returns on investments and servicing of finance |
(42,952) |
(42,952) |
|
----------- |
----------- |
|
| TAXATION |
|
|
Hong Kong profits tax paid |
(5,415) |
(33,306) |
Overseas taxes paid |
(6) |
(6) |
|
----------- |
----------- |
|
| Taxes paid |
(5,421) |
(33,312) |
|
----------- |
----------- |
|
|
|
|
|
| INVESTING ACTIVITIES |
|
|
Purchases of fixed assets |
(5,708) |
(11,421) |
Satellite project progress payments |
(33,671) |
(664,302) |
Proceeds from disposal of fixed assets |
2 |
1,811 |
Advance capital contribution paid to a joint venture |
(2,495) |
- |
Advance to a joint venture |
(22) |
- |
Increase in pledged bank balances |
(145,442) |
(642) |
|
----------- |
----------- |
|
| Net cash outflow from investing activities |
(187,336) |
(674,554) |
|
----------- |
----------- |
|
|
|
|
|
| NET CASH INFLOW/(OUTFLOW) BEFORE FINANCING ACTIVITIES |
185,003 |
(426,628) |
|
|
|
|
| FINANCING ACTIVITIES |
|
|
| New bank loans |
116,250 |
387,500 |
| New other loan |
15,500 |
- |
| Repayment of bank loans |
(273,992) |
(70,133) |
| Repayment of other loan |
(15,500) |
- |
| Repayment of loans from shareholders |
(38,750) |
(108,500) |
|
----------- |
----------- |
|
| Net cash inflow/(outflow) from financing activities |
(196,492) |
208,867 |
|
----------- |
----------- |
|
|
|
|
|
| DECREASE IN CASH AND CASH EQUIVALENTS |
(11,489) |
(217,761) |
|
|
|
|
| Cash and cash equivalents at beginning of year |
87,545 |
305,306 |
|
----------- |
----------- |
|
| CASH AND CASH EQUIVALENTS AT END OF YEAR |
76,056 |
87,545 |
|
====== |
====== |
|
|
|
|
|
| ANALYSIS OF THE BALANCES OF CASH AND CASH EQUIVALENTS |
|
|
Cash and bank balances |
230,377 |
96,424 |
Pledged bank balances |
(154,321) |
(8,879) |
|
----------- |
----------- |
|
|
====== |
====== |
|
|
|
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