Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
(b)
Reconciliation of profit before taxation to cash generated from operations215:
Note
2023
$'000
2022
$'000
(restated)
149,258
127,683
HKAS 7.18(b)
Profit before taxation
Adjustments for:
Net valuation gain on investment property
11(a)
(18,260)
(6,520)
Depreciation
5(c)
31,448
26,175
Impairment loss on plant and machinery
5(c)
1,200
Amortisation of intangible assets
5(c)
2,680
1,500
Impairment of goodwill
Finance costs
Dividend income from investments
Interest income
Financial guarantee issued
Share of profits less losses of associates
Share of profits of joint venture
5(c)
184
5(a)
20,618
16,166
4
(610)
(572)
4
(1,363)
(1,008)
4
(2)
(2)
15
164
(13,830)
(10,670)
(12,645)
(10,135)
83
Loss on sale of property, plant and equipment
Net realised and unrealised gain on investments not held for
trading purposes
4
(3,684)
Equity-settled share-based payment expenses
COVID-19-related rent concessions received
5(b)
1,658
11(c)
1,625
(380)
Changes in fair value of interest rate swaps recognised as hedge
ineffectiveness
4
(1)
(1)
Fair value change of conversion option embedded in convertible
notes
33(f)
1
HKAS 7.28
Foreign exchange loss/(gain)
2,392
2
(2,498)
Changes in working capital:
Increase in inventories and other contract costs
HKAS 7.15
Increase in trading securities
Decrease in derivative financial instruments
(36,791)
(311)
406
(30,230)
(3,780)
763
Increase in trade and other receivables
Increase in prepayments
(17,075)
(524)
(18,900)
(78)
Decrease/(increase) in contract assets
12,787
(4,421)
Increase in trade and other payables
26(c)
17,314
33,630
Increase in contract liabilities
6,054
875
Increase in provision for electronic product warranties
Increase in defined benefit plan obligations
2,339
1,800
665
290
Cash generated from operations
145,966
119,339
HKAS 7.18
215 In this illustration, HK Listco has elected to present cash flows from operating activities using the indirect method, whereby profit or loss
is adjusted for the effects of non-cash transactions, accruals and deferrals, and items of income or expense associated with investing or
financing cash flows in order to arrive at "Cash generated from operations". An entity may alternatively present operating cash flows
using the direct method, disclosing major classes of gross cash receipts and payments related to operating activities.
136
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