NOTES TO
THE ACCOUNTS
25 INVESTMENT IN A SUBSIDIARY
2014
2013
HK$’000
HK$’000
Trust
.S[JXYRJSY HTXY
(FUNYFQ HTSYWNGZYNTS
5ZWXZFSY YT FS NS[JXYRJSY FLWJJRJSY JSYJWJI GJY\JJS YMJ -5- 9WZXY FSI F \MTQQ^ T\SJI XZGXNINFW^ -5-9 1NRNYJI
IFYJI &ZLZXY
-5- 9WZXY RFIJ HFUNYFQ HTSYWNGZYNTSX TK -0
YT -5-9 1NRNYJI Lj(FUNYFQ (TSYWNGZYNTSlj
YMWTZLM HFUNYFQNXNSL YMJ FRTZSYX IZJ KWTR YMJ XZGXNINFW^ -5- 9WZXY MFX ST WNLMY YT WJVZNWJ -5-9 1NRNYJI YT WJYZWS FS^
(FUNYFQ (TSYWNGZYNTS -5-9 1NRNYJI RF^ WJYZWS YT -5- 9WZXY FS^ (FUNYFQ (TSYWNGZYNTS FY FS^ YNRJ NS \MTQJ TW NS UFWY
&HHTWINSLQ^ YMJ HFUNYFQ HTSYWNGZYNTS NX FHHTZSYJI KTW FX NS[JXYRJSY NS F XZGXNINFW^
)JYFNQX TK XZGXNINFW^ HTRUFSNJX TK YMJ ,WTZU FWJ INXHQTXJI NS 3TYJ
26 RECONCILIATION OF OPERATING PROFIT TO CASH GENERATED FROM OPERATIONS
2014
2013
Note
HK$’000
HK$’000
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)JUWJHNFYNTS FSI FRTWYNXFYNTS
3JY LFNS KWTR YMJ INXUTXFQ TK XZGXNINFW^ HTRUFSNJX
3JY LFNS QTXX TS INXUTXFQ TK ǩ]JI FXXJYX
)N[NIJSI NSHTRJ
.SYJWJXY NSHTRJ
5JWKTWRFSHJ KJJ XJYYQJI NS KTWR TK ZSNYX
4UJWFYNSL UWTǩY GJKTWJ \TWPNSL HFUNYFQ HMFSLJX
)JHWJFXJ NSHWJFXJ NS NS[JSYTWNJX
.SHWJFXJ NS YWFIJ FSI TYMJW WJHJN[FGQJX
.SHWJFXJ IJHWJFXJ NS FRTZSYX IZJ KWTR WJQFYJI HTRUFSNJX
FXXTHNFYJI HTRUFSNJX FSI OTNSY [JSYZWJX
.SHWJFXJ IJHWJFXJ NS YWFIJ FSI TYMJW UF^FGQJX
.SHWJFXJ NS UJSXNTS TGQNLFYNTSX
(FXM LJSJWFYJI KWTR TUJWFYNTSX
104
C A P I T A L I S I N G O N M O M E N T U M
