Page 77 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香 港 醫 學 專 科 學 院
香港醫學專科學院
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023

Note 2023 2022
HK$ HK$
Operating activities
Surplus/(deficit) for the year 10,662,320 (9,237,977)
Adjustments for:
Depreciation 5,579,105 9,332,261
Interest income (2,631,995) (791,368)
Dividend income from other financial assets (432,577) (348,818)

Operating cash flows before changes in working
capital 13,176,853 (1,045,902)

Increase in inventories (207,957) (43,758)
Decrease/(increase) in prepayments, deposits and
other receivables 1,120,919 (3,880,742)
Decrease in deferred income (485,902) (1,649,486)
Increase in accruals and other payables 3,475,313 1,585,070

Net cash generated from/(used in) operating activities 17,079,226 (5,034,818)

Investing activities
Purchase of property, plant and equipment (914,253) (4,956,191)
(Placement)/withdrawal of time deposits (35,028,630) 30,759,475
Interest received 2,631,995 791,368
Dividend received from other financial assets 432,577 348,818

Net cash (used in)/generated from investing activities (32,878,311) 26,943,470

Net (decrease)/increase in cash and cash equivalents (15,799,085) 21,908,652

Cash and cash equivalents at 1 January 44,833,352 22,924,700

Cash and cash equivalents at 31 December 13 29,034,267 44,833,352

The accompanying notes form an integral part of these consolidated financial statements.

7 8 8

75
香港醫學專科學院 2024 年度報告