Urban Renewal Authority 2018-19 Annual Report

121 for the year ended 31 March 2019 (expressed in Hong Kong Dollars) CONSOLIDATED STATEMENT OF CASH FLOWS Note 2019 2018 Note A $’000 $’000 $’000 $’000 Cash flows from investing activities (Increase)/decrease in bank deposits with original maturities of more than 3 months (1,128,285) 3,965,939 Payment for purchase of investments at amortised cost (2018: held-to-maturity investments) (1,438,163) (3,066,803) Payment for purchase of property, plant and equipment (56,261) (56,533) Redemption of investments at amortised cost (2018: held-to-maturity investments) 1,534,684 196,205 Proceeds from sale of property, plant and equipment – 45 Net cash (used in)/generated from investing activities (1,088,025) 1,038,853 Cash flows from financing activities Redemption of debt securities – (500,000) Net cash used in financing activities – (500,000) Net (decrease)/increase in cash and cash equivalents (3,672,248) 2,949,663 Cash and cash equivalents at 1 April 4,472,783 1,523,120 Cash and cash equivalents at 31 March 800,535 4,472,783 Analysis of cash and bank balances Cash and cash equivalents 800,535 4,472,783 Bank deposits with original maturities of more than 3 months 12,895,590 11,762,863 Cash and bank balances at 31 March 13 13,696,125 16,235,646 Note A: The Group has initially applied HKFRS 9 at 1 April 2018. Under the transition method chosen, comparative information is not restated. See note 2(b). The notes on pages 123 to 168 form part of these consolidated financial statements.