Hong Kong Institute of Accredited Accounting Technicians Limited ...

Cash flow statements
For the year ended 30 June 2006
Group
Institute
2006 2005 2006 2005
Note HK$’000 HK$’000 HK$’000 HK$’000
Operating activities
(Deficit)/surplus before tax 5 (155) 153 6 290
Depreciation 696 702 696 702
Land lease expense 108 108 108 108
Increase in inventories (109) (32) (109) (32)
Decrease in accounts receivable 43 188 40 179
Decrease in tax reserve certificates – 653 – 653
Decrease in deposits and prepayments
21 2 21 2
Decrease in subscriptions and fees received in advance
(59) (30) (59) (30)
Increase/(decrease) in accounts payable and accruals
285 (27) 168 (138)
(Decrease)/increase in amount due to ultimate
holding company
(85) 340 (85) 340
Tax paid (154) (1,388) (154) (1,388)
Net cash from operating activities
591 669 632 686
Investing activities
Purchase of property and equipment
(72) (140) (72) (140)
Financing activities
Capital levy received 13 544 579 544 579
Net Increase in cash and cash equivalents
1,063 1,108 1,104 1,125
Cash and cash equivalents at beginning of Year
4,216 3,108 3,932 2,807
Cash and cash equivalents at end of year
11 5,279 4,216 5,036 3,932
Annual Report 2005-2006
33