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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
HKD ($)
Dec. 31, 2018
HKD ($)
Dec. 31, 2017
HKD ($)
Operating activities      
Net income $ 40,849 $ 177,974 $ 139,895
Less: Net income from discontinued operations (53,364) (171,927) (144,820)
Net income/ (loss) from continuing operations (12,515) 6,047 (4,925)
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization 363 363 363
Changes in operating assets and liabilities:      
Deposits, prepayment and other receivables (70) (310) (402)
Other payables and accruals 565 (221) (475)
Tax payables 729 2,435 524
Net cash provided by/(used in) continuing operations (10,928) 8,314 (4,915)
Net cash provided by/(used in) discontinued operations 11,987 17,168 (16,774)
Net cash provided by/(used in) operating activities 1,059 25,482 (21,689)
Investing activities      
Net cash inflow from disposals of subsidiaries (net of cash disposed of HK$93 for the year 2019 , HK$49,666 for the year 2018 and HK$ nil for the year 2017) 325,413 350,655 131,686
Net cash provided by continuing operations 325,413 350,655 131,686
Net cash used in discontinued operations 0 (101,410) (48,943)
Net cash provided by investing activities 325,413 249,245 82,743
Financing activity      
Dividends paid (413,761) (403,669) (151,376)
Net cash used in continuing operations (413,761) (403,669) (151,376)
Net cash used in discontinued operations 0 0 0
Net cash used in financing activities (413,761) (403,669) (151,376)
Net decrease in cash and cash equivalents (87,289) (128,942) (90,322)
Effect of exchange rate changes 0 6,674 (813)
Cash and cash equivalents, beginning of year 272,819 395,087 486,222
Cash and cash equivalents, end of year 185,530 272,819 395,087
Less: cash and cash equivalents from discontinued operations 0 (69) (94,516)
Cash and cash equivalents, end of year from continuing operations 185,530 272,750 300,571
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest income 3,297 3,082 2,213
Income taxes paid/(refund) 0 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY:      
Consideration receivable $ 0 $ 165,506 $ 141,341