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Consolidated Statement of Cash Flows
For the year ended 31st March 2015

Consolidated Statement of Cash Flows

For the year ended 31st March 2015

2015 2014
Note HK$’000 HK$’000

Cash flows from operating activities
Cash generated from/(used in) operations 31(a) 106,678 (155,774)
Interest received 13,693 21,764
Interest paid (6,831) (3,830)
Profits tax (paid)/refunded (4,743) 2,503
Net cash generated from/(used in) operating activities 108,797 (135,337)

Cash flows from investing activities
Acquisition of a subsidiary, net of cash acquired – (326)
Purchase of property, plant and equipment (34,425) (118,818)
Proceeds from disposal of property, plant and equipment 31(b) 13,147 14,411
Proceeds from redemption of loans and receivables 1,537 21,302
Proceeds from disposal of available-for-sale
financial assets – 21,728
Proceeds from disposal of a subsidiary,
net of cash disposed 30(d) – 2,928

Net cash used in investing activities (19,741) (58,775)
Cash flows from financing activities
Proceeds from trust receipt loans 822,063 –
Repayments of trust receipt loans (820,409) –
Proceeds from borrowings – 100,000
Repayments of borrowings (80,000) (170,000)
Dividends paid to the Company’s shareholders (40,556) (52,209)
Repurchase of the Company’s own shares (1,049) –
Net cash used in financing activities (119,951) (122,209)

Net decrease in cash and cash equivalents (30,895) (316,321)
Cash and cash equivalents at the beginning of the year 924,146 1,231,776
Effect of foreign exchange rate change (4,916) 8,691
Cash and cash equivalents at the end of the year 24 888,335 924,146

The notes on pages 34 to 94 are an integral part of these consolidated financial statements.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 33