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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - HKD ($)
$ in Thousands
6 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities        
Net income $ 1,213,525 $ 1,696,190 $ 1,968,168 $ 2,311,401
Adjustments for:        
Depreciation and amortization 27,537 15,368 41,046 24,730
Expected credit loss expenses 7,849 8,819 13,620 2,815
Share of loss from equity method investment 9,398   13,324  
Impairment from other non-current assets 32,326   62,565  
Foreign exchange (gains) (92,231) (27,008) 101,528 (85,904)
Share-based compensation 97,251 33,416 148,705 64,295
Realized gain from short-term investments (12,491) 0 (16,919) 0
Fair value losses 6,867   8,989  
Deferred income tax benefit (534) (8,791) (11,707) (8,266)
Amortisation of right-of-use assets 47,948 36,571 65,932 61,567
Changes in operating assets:        
Net (increase)/decrease in securities purchased under agreements to resell 106,203   83,854 (10,000)
Net increase in loans and advances 749,496 (34,368,174) (183,956) (12,011,505)
Net (increase)/decrease in accounts receivable from clients and brokers 799,777 (4,327,609) 3,023,178 (3,104,633)
Net decrease in accounts receivable from clearing organizations 49,169 607,850 364,015 116,202
Net decrease/(increase) in accounts receivable from fund management companies and fund distributors (48,197) 153,270 (8,244) 167,067
Net increase in interest receivable (38,629) (16,563) (95,509) (18,218)
Net increase in prepaid assets 156 (20,698) (5,469) (7,915)
Net increase in other assets (485,889) (3,318) (464,987) (121,226)
Changes in operating liabilities:        
Net (decrease)/increase in amounts due to related parties 12,708 (59,635) 4,567 (49,290)
Net increase in accounts payable to clients and brokers 15,589,859 20,794,806 453,196 17,468,089
Net increase in accounts payable to clearing organizations 965,964 512,718 1,656,531 337,671
Net (decrease)/increase in accounts payable to fund management companies and fund distributors (7,145) (31,236) 14,453 (73,172)
Net (decrease)/increase in payroll and welfare payable 66,425 (23,472) 161,408 (5,798)
Net increase/(decrease) in interest payable (5,025) 8,649 (19) 8,151
Net decrease in operating lease liabilities (32,540) (31,120) (71,875) (51,469)
Net decrease in securities sold under agreements to repurchase (4,467,861) 182,982 (4,467,861) (541,530)
Net increase/(decrease) in other liabilities (473,827) 515,257 (688,250) 731,721
Net cash (used in)/generated from operating activities 14,118,089 (14,351,728) 2,170,283 5,204,783
Cash flows from investing activities        
Purchase of property and equipment and intangible assets (62,660) (28,622) (75,485) (57,419)
Purchase of short-term investments (3,361,817)   (3,377,186)  
Proceeds from disposal of short-term investments 4,548,040   4,560,076  
Acquisition of long-term investments (235,434)   (235,434) 0
Maturity of term deposits   300,000   300,000
Cash paid for acquisition, net of cash acquired (102,008)   (102,008)  
Net cash generated from investing activities 786,121 271,378 769,963 242,581
Cash flows from financing activities        
Proceeds from public offering, net of issuance costs   10,856,525   10,856,525
Proceeds from exercise of employee share options 12,937 18,548 13,446 19,842
Purchase of treasury stock (2,731,027)   (2,796,464)  
Proceeds from other borrowings 37,827,127 50,788,801 55,493,584 42,974,942
Repayment of other borrowings (39,827,600) (26,942,607) (55,296,296) (40,515,517)
Payment of other financing expenses (1,570)   (8,093) (348)
Net cash generated from/(used in) financing activities (4,720,133) 34,721,267 (2,593,823) 13,335,444
Effect of exchange rate changes on cash, cash equivalents and restricted cash 89,218 30,620 (108,099) 88,578
Net increase in cash, cash equivalents and restricted cash 10,273,295 20,671,537 238,324 18,871,386
Cash and cash equivalents at beginning of the period 59,291,512 43,521,758 59,291,512 43,521,758
Cash and cash equivalents at end of the period 69,564,807 64,193,295 59,529,836 62,393,144
Cash, cash equivalents and restricted cash        
Cash and cash equivalents 6,300,400 1,773,938 6,865,549 2,082,051
Cash held on behalf of clients 63,262,436 62,419,357 52,662,417 60,311,093
Restricted Cash 1,971   1,870  
Cash, cash equivalents and restricted cash at end of the period 69,564,807 64,193,295 59,529,836 62,393,144
Supplemental disclosure        
Interest paid (70,852) (238,318) (110,544) (313,135)
Income tax paid (216,122) (79,825) (309,296) (93,707)
Cash paid for amounts included in operating lease liabilities $ (52,028) $ (39,704) $ (81,343) $ (64,955)