Annual Report 2007 - Hmdatalink.com hm datalink

Consolidated cash flow statementfor the year ended 31 December 20072007 2006HK$’000HK$’000Cash flows from operating activitiesProfit for the year before taxation 319,773 215,734Adjustments for:Depreciation 2,282 1,403Interest income (20,334) (13,401)Finance costs 35,103 32,390Share of results of associates (351,832) (243,230)Loss on disposal of property, plant and equipment 157 30Net exchange loss (gain) 2,326 (3,929)Fair value (gain) loss on embedded derivative components ofconvertible bonds (5,654) 4,742Net gain on forward foreign exchange contracts not used for hedging (4,681) –Share-based payment expense 5,460 4,660Excess of fair value of identifiable net assets acquired over cost (2,553) –Operating loss before working capital changes (19,953) (1,601)Inventories (4,175) (3,979)Trade and other receivables (6,675) (12,458)Amount due to an associate 127 –Trade and other payables 14,176 (12,528)Cash used in operations (16,500) (30,566)Income taxes paid (1,247) (1,292)Net cash used in operating activities (17,747 ) (31,858 )Cash flows from investing activitiesPurchase of property, plant and equipment (21,904) (6,050)Proceeds from disposal of property, plant and equipment – 46Acquisition of additional interests in a subsidiary (23,589) –Investment in associates (18,724) (896,362)Dividend received from associates 290,962 228,159Interest received 20,334 13,401Net cash from (used in) investing activities 247,079 (660,806 )GEELY AUTOMOBILE HOLDINGS LIMITED61ANNUAL REPORT 2 0 0 7