Page 120 - URA Annual Report 2020-21

CONSOLIDATED STATEMENT OF CASH FLOWS
for the year ended 31 March 2021 (expressed in Hong Kong Dollars)
Cash flows from operating activities
Note 2021 $’000
$’000
2020 $’000
117,737
(395,550) 114,221 1,385
- 4,158
1,025,193
867,144
(124,328) (6,659,559)
19,482
3,849
9,555 (699,459)
(213,419) 478,681
(6,318,054)
454,031 (61,435)
$’000
Operating surplus before income tax 149,962
Adjustments for:
Interest income 5(b) (195,242) Depreciation 6(a) 139,243 Interest expense 6(a) 1,441 Gain on disposal of property, plant and
equipment 5(b) (2) Net foreign exchange (gain)/loss (776) (Write back of)/provision for impairment on
properties and committed projects, net (100,916)
Operating (deficit)/surplus before working
capital changes (6,290) Changes in balances with joint
development projects 137,722 Increase in properties under development (3,059,088) Decrease in properties held for sale 1,867,813 (Increase)/decrease in building
rehabilitation loans (4,519) (Increase)/decrease in prepayments (287,975) Decrease/(increase) in other receivables 594,322 Decrease/(increase) in trade and other
receivables 184,885 (Decrease)/increase in trade and other
payables (361,975) Cash used in operations (935,105)
Interest received 342,759 Interest paid (45,115)
Net cash used in operating activities
The notes on pages 119 to 159 form part of these consolidated financial statements.
(5,925,458)
116 URA ANNUAL REPORT 2020-21
(637,461)