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CONSOLIDATED STATEMENTS OF CASH FLOWS (HKD)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Apr. 30, 2010
Operating activities      
Net income 50,404 133,314 44,307
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 157,219 143,640 120,875
Net loss (gain) on disposal of property, plant and equipment (938) (1,315) (1,077)
Net loss (gain) on disposal of prepaid leases 0 (3,799) 0
Write-off of property, plant and equipment 690 1,791 40,348
Impairment on inventories 6,920 6,095 5,571
Deferred tax charge (652) 0 358
Changes in operating assets and liabilities:      
Trade receivables (12,106) (28,666) (68,212)
Inventories (17,574) (49,530) 3,294
Deposits, prepayment and other receivables (12,158) 3,382 1,336
Trade payables (6,023) (8,027) 49,533
Other payables and accruals 34,299 27,044 5,559
Tax payables 16,547 37,711 3,221
Net cash provided by operating activities 216,628 261,640 205,113
Investing activities      
Purchase of property, plant and equipment (126,167) (225,904) (173,313)
Proceeds from disposal of property, plant and equipment 5,252 2,405 6,456
Proceeds from disposal of prepaid leases 0 3,919 0
Deposits for purchase of property, plant and equipment (12,813) (8,001) (11,420)
Net cash used in investing activities (133,728) (227,581) (178,277)
Financing activities      
Net cash inflow from the merger transaction 0 58,160 0
Repurchases of shares (92,025) 0 0
Proceeds from bank borrowings 379,465 464,651 254,656
Repayment of bank borrowings (392,309) (408,917) (187,321)
Repayment of capital lease obligations (5,311) (9,718) (18,674)
Dividends paid 0 (70,000) (20,000)
Net cash provided by (used in) financing activities (110,180) 34,176 28,661
Effect of exchange rate changes on cash and cash equivalents 7,341 218 768
Net increase (decrease) in cash and cash equivalents (27,280) 68,235 55,497
Cash and cash equivalents, beginning of year 219,757 151,304 95,039
Cash and cash equivalents, end of year 199,818 219,757 151,304
Supplementary disclosures of cash flow information:      
Interest paid 2,477 2,883 2,733
Income taxes paid 916 (4,605) 7,278