Page 81 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香 香港醫學專科學院
院
醫
港
專
學
學
科
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

Note 2024 2023
HK$ HK$
Operating activities
(Deficit)/surplus for the year (3,147,157) 10,662,320
Adjustments for:
Depreciation 5,717,884 5,579,105
Interest income (3,009,688) (2,631,995)
Dividend income from other financial assets (352,372) (432,577)

Operating cash flows before changes in working
capital (791,333) 13,176,853

Decrease/(increase) in inventories 45,023 (207,957)
(Increase)/decrease in prepayments, deposits and
other receivables (1,466,230) 1,120,919
Increase/(decrease) in deferred income 24,835,498 (485,902)
Increase in accruals and other payables 533,909 3,475,313

Net cash generated from operating activities 23,156,867 17,079,226

Investing activities
Purchase of property, plant and equipment (4,121,707) (914,253)
Withdrawal/(placement) of time deposits with original
maturity over three months 27,083,836 (35,028,630)
Interest received 3,009,688 2,631,995
Dividend received from other financial assets 352,372 432,577

Net cash generated from/(used in) investing activities 26,324,189 (32,878,311)

Net increase/(decrease) in cash and cash equivalents 49,481,056 (15,799,085)

Cash and cash equivalents at 1 January 29,034,267 44,833,352

Cash and cash equivalents at 31 December 13 78,515,323 29,034,267

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

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香港醫學專科學院 2025 年度報告