綜合現金流量表Consolidated Cash Flow Statement

SING TAO NEWS CORPORATION LIMITED Annual Report 2007 43

Year ended 31 December 2007 截至二零零七年十二月三十一日止年度

Notes 2007 2006 附註 二零零七年 二零零六年 HK$’000 HK$’000 千港元 千港元

CASH FLOWS FROM OPERATING ACTIVITIES 經營業務之現金流量Profit before tax 除稅前溢利 182,071 190,375Adjustments for: 已作出下列調整︰ Finance costs 融資成本 8 7,002 3,679 Excess over the cost of a business combination 超過業務合併之成本 39 (22,241) – Reversal of impairment of amounts due 撥回應收共同控制公司 from jointly-controlled entities 款項減值 (11,291) (5,866) Impairment of an amount due from a 應收一間共同控制公司 jointly-controlled entity 款項減值 3,788 2,988 Share of profits and losses of jointly-controlled 應佔共同控制公司之 entities 溢利及虧損 (11,406) 14,314 Share of profits and losses of associates 應佔聯營公司之溢利及虧損 24 10 Bank interest income 銀行利息收入 5 (16,051) (13,857) Interest income from a jointly-controlled entity 來自一間共同控制公司之利息收入 5 – (515) Investment income 投資收入 5 (24,842) (23,239) Dividend income from an unlisted 來自一項非上市可供出售 available-for-sale investment 投資之股息收入 5 (789) (1,053) Dividend income from listed investments 來自上市投資之股息收入 5 (4,616) (5,336) Fair value losses/(gains), net on: 公平值虧損╱（收益）之淨額： Available-for-sale investments 可供出售投資 5 (3,678) (19) Financial assets at fair value through profit 按公平值記入損益賬之 or loss 財務資產 5 (155,193) (107,455) Derivative financial instruments – transactions 衍生性金融工具－不符合 not qualifying as hedges 對沖資格之交易 5 208,105 (4,127) Loss/(gain) on disposal of items of property, 出售物業、廠房及設備項目之 plant and equipment 虧損╱（收益） 9 (3) 550 Reversal of impairment of a loan receivable 撥回一筆應收貸款減值 7 – (57,416) Depreciation 折舊 9 51,595 36,151 Revaluation surplus on land and buildings 土地及樓宇重估盈餘 9 (2,216) (1,599) Changes in fair values of investment properties 投資物業公平值變動 5 (1,485) (340) Recognition of prepaid land lease payments 確認預付土地租賃款 18 322 – Amortisation of intangible assets 無形資產攤銷 9, 20 1,115 1,115 Gain on disposal of an intangible asset 出售無形資產之收益 5 (1,080) – Impairment of trade receivables 應收賬款減值 9 2,067 2,765 Equity-settled share option expense 股權結算購股權開支 9 2,680 7,135

203,878 38,260

綜合現金流量表Consolidated Cash Flow Statement

SING TAO NEWS CORPORATION LIMITED Annual Report 200744

Year ended 31 December 2007 截至二零零七年十二月三十一日止年度

2007 2006 二零零七年 二零零六年 HK$’000 HK$’000 千港元 千港元

CASH FLOWS FROM OPERATING ACTIVITIES 經營業務之現金流量 (continued) （續）Decrease/(increase) in inventories 存貨減少╱（增加） (12,207) 35,304Increase in trade receivables, prepayments, 應收賬款、預付款項、按金 deposits and other receivables 及其他應收款項增加 (131,574) (59,967)Decrease in financial assets 按公平值記入損益賬之 at fair value through profit or loss 財務資產減少 419,628 47,627Increase/(decrease) in derivative financial 衍生性金融工具 instruments 增加╱（減少） (129,453) 24,018Increase/(decrease) in trade and bills payables, 應付賬款及票據以及其他應付款項 and other payables and accruals 及應計款項增加╱（減少） (28,825) 70,647

Cash generated from operations 經營業務所產生現金 321,447 155,889Hong Kong profits tax paid 已繳香港利得稅 (19,772) (2,589)Overseas tax refunded/(paid) 已退還╱（已繳）海外稅項 (4,253) 1,222

Net cash inflow from operating activities 經營業務之現金流入淨額 297,422 154,522

綜合現金流量表Consolidated Cash Flow Statement

SING TAO NEWS CORPORATION LIMITED Annual Report 2007 45

Year ended 31 December 2007 截至二零零七年十二月三十一日止年度

Notes 2007 2006 附註 二零零七年 二零零六年 HK$’000 HK$’000 千港元 千港元

CASH FLOWS FROM INVESTING ACTIVITIES 投資業務之現金流量Interest received 已收利息 16,051 14,372Investment income 投資收入 24,842 23,239Dividends received from jointly-controlled entities 來自共同控制公司之已收股息 27,668 12,236Dividends received from an unlisted 來自一項非上市可供出售 available-for-sale investment 投資之已收股息 789 1,053Dividends received from listed investments 來自上市投資之已收股息 4,616 5,336Purchases of items of property, plant and 購買物業、廠房及設備項目 equipment (314,247) (74,665)Deposits paid for purchases of items of property, 購買物業、廠房及設備 plant and equipment 項目之已繳按金 (56,600) (25,942)Proceeds from disposal of items of property, 出售物業、廠房及 plant and equipment 設備項目所得款項 1,390 1,520Additions to prepayment for land leases 土地租賃預付款項增加 18 (28,037) –Additions to other intangible assets 添置其他無形資產 20 (104) (600)Proceeds from disposal of an intangible asset 出售無形資產所得款項 1,580 –Acquisitions of subsidiaries 收購附屬公司 39 (24,417) –Purchase of shareholding in an associate 收購一間聯營公司之股權 – (39,000)Decrease/(increase) in amounts due 應收共同控制公司款項 from jointly-controlled entities 減少╱（增加） (34,393) 11,679Increase/(decrease) in an amount 應付一間共同控制公司款項 due to a jointly-controlled entity 增加╱（減少） 21,275 (71)Increase in an amount due from an associate 應收一間聯營公司款項增加 (9) (17)Decrease in an amount due to an associate 應付一間聯營公司款項減少 (4) (2)Proceeds from disposal of available-for-sale 出售可供出售投資所得款項 investments 3,780 801Purchase of available-for-sale investments 購買可供出售投資 (3,628) (226)Decrease in pledged time deposits 已抵押定期存款減少 4,227 27,722Decrease/(increase) in non-pledged time deposits 於取得時到期日超過三個月 with original maturity of more than 之無抵押定期存款減少╱ three months when acquired （增加） 419 (9,285)Repayment of a loan from a joint venture partner 貸款予一名合資夥伴之還款 – 57,416

Net cash inflow/(outflow) from investing activities 投資業務之現金流入╱（流出）淨額 (354,802) 5,566

綜合現金流量表Consolidated Cash Flow Statement

SING TAO NEWS CORPORATION LIMITED Annual Report 200746

Year ended 31 December 2007 截至二零零七年十二月三十一日止年度

Notes 2007 2006 附註 二零零七年 二零零六年 HK$’000 HK$’000 千港元 千港元

CASH FLOWS FROM FINANCING ACTIVITIES 融資活動之現金流量Proceeds from issue of ordinary shares 發行普通股所得款項 36 219 488Repurchase of ordinary shares 購回普通股 36 (41,401) (42,789)New bank loans 新增銀行貸款 220,000 –Capital element of finance lease rental payments 融資租約繳款之資本部份 (1,650) (401)Interest paid 已繳利息 8 (6,950) (3,603)Interest element of finance lease rental payments 融資租約繳款之利息部份 8 (52) (76)Dividends paid 已派股息 (43,195) (44,204)

Net cash inflow/(outflow) from financing activities 融資活動之現金流入╱（流出）淨額 126,971 (90,585)

NET INCREASE IN CASH AND CASH EQUIVALENTS 現金及現金等值項目增加淨額 69,591 69,503Cash and cash equivalents at beginning of year 年初之現金及現金等值項目 313,861 238,099Effect of foreign exchange rate changes, net 匯率變動之影響淨額 5,068 6,259

CASH AND CASH EQUIVALENTS AT END OF YEAR 年終之現金及現金等值項目 388,520 313,861

ANALYSIS OF BALANCES OF CASH AND 現金及現金等值項目結餘分析 CASH EQUIVALENTS

Cash and bank balances 現金及銀行結餘 29 273,995 173,179Non-pledged time deposits with original maturity 於取得時三個月內到期 of less than three months when acquired 之無抵押定期存款 114,525 140,682

388,520 313,861