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Consolidated Statement of Cash Flows
For the year ended 31st March 2016

Consolidated Statement of Cash Flows

For the year ended 31st March 2016

2016 2015
Note HK$’000 HK$’000

Cash flows from operating activities
Cash generated from operations 28(a) 152,021 106,678
Interest received 13,276 13,693
Interest paid (8,695) (6,831)
Income tax paid (13,273) (4,743)
Net cash generated from operating activities 143,329 108,797

Cash flows from investing activities
Purchase of property, plant and equipment (70,133) (34,425)
Proceeds from disposal of properties 28(b) 533,769 –
Proceeds from disposal of plant and equipment 28(b) 11,065 13,147
Proceeds from redemption of loans and receivables – 1,537

Net cash generated from/(used in) investing activities 474,701 (19,741)
Cash flows from financing activities
Proceeds from trust receipt loans 727,155 822,063
Repayments of trust receipt loans (728,809) (820,409)
Proceeds from borrowings 535,600 –
Repayments of borrowings (352,800) (80,000)
Dividends paid to the Company’s shareholders (92,699) (40,556)
Repurchase of the Company’s own shares – (1,049)
Net cash generated from/(used in) financing activities 88,447 (119,951)

Net increase/(decrease) in cash and cash equivalents 706,477 (30,895)
Cash and cash equivalents at the beginning of the year 888,335 924,146
Effect of foreign exchange rate change (3,169) (4,916)
Cash and cash equivalents at the end of the year 22 1,591,643 888,335

The notes on pages 33 to 86 are an integral part of these consolidated financial statements.

32 ALCO HOLDINGS LIMITED ANNUAL REPORT 2016