XML 20 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements Of Cash Flows - HKD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Profit before tax $ 1,361,698,473 $ 1,331,176,555 $ 1,001,420,217
Adjustments for:      
Interest income (127,308,396) (116,078,163) (101,226,862)
Finance costs 6,729,278 12,825,923 21,510,079
Depreciation 96,115 44,226 30,374
Amortization 5,688,143    
Dividend income (50,213,509) (48,711,208) (88,078,159)
Gain related to disposed investment (173,129,345) (125,112,176) (82,948,508)
Gain from a bargain purchase (37,966,405)    
Gain from disposal of subsidiaries (115,521,580)    
Net fair value changes on financial assets at fair value through profit or loss (except derivative financial asset) 161,406,875 (597,551,244) 31,054,945
Net fair value changes on derivative financial asset (484,760,273) 54,008,047 (371,305,326)
Net fair value changes on derivative financial liability (13,347,266) 0 (7,765,148)
Impairment losses under expected credit loss model on financial assets 3,920,121   17,109,001
Operating cash flows before changes in working capital 537,292,231 510,601,960 419,800,613
Decrease/(increase) in accounts receivable (227,888,044) (9,164,430) 251,920,323
Decrease in prepayments, deposits and other receivables 89,589,897 2,956,009 11,568,581
Decrease in other payables and accruals (89,143,854) (36,178,634) (49,718,674)
Decrease in financial assets at fair value through profit or loss     972,215,580
Decrease in derivative financial asset     618,682,641
Decrease in restricted cash 507,461    
Decrease in provisions (739,547)    
Changes in accounts payable and other assets 60,324,886 14,278,153 (241,859,529)
Cash generated from operations 369,943,030 482,493,058 1,982,609,535
Profits tax paid (242,717,404) (96,460,047) (76,778,218)
Dividend received 50,213,509 48,711,208 88,078,159
Interest received 31,784,569 15,379 67,783
Net cash generated from operating activities 209,223,704 434,759,598 1,993,977,259
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of items of property, plant and equipment (12,848)   (110,734)
Purchase of financial assets at fair value through profit or loss (37,476,390) (9,968,000)  
Increase in amount due from immediate holding company (535,885,128) (348,701,497) (3,581,230,632)
Acquisition of subsidiaries, net of cash acquired 103,912,858    
Cash disposed of upon disposal of subsidiaries (144,050,060)    
Receipt of return from movie income right investments 20,899,338    
Proceeds from disposal of financial assets at fair value through profit or loss 15,965,179   0
Net cash used in investing activities (576,647,051) (358,669,497) (3,581,341,366)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issue of shares 195,265,523    
Proceeds from listing of a subsidiary 1,085,052,667    
Repayment of bank borrowings (233,118,919)    
Repayment of margin loans   0 (317,722,438)
Redemption of perpetual securities   (49,154,565)  
Proceeds from bank borrowings   155,926,000 232,280,000
Net proceeds from perpetual securities     1,436,368,339
Distribution to perpetual securities holders (123,620,489) (124,279,754) (62,753,625)
Financing costs paid (6,264,231) (4,662,214) (13,765,758)
Capital injection by non-controlling interest   15,511,408  
Net cash flows generated from (used in) financing activities 917,314,551 (6,659,125) 1,274,406,518
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 549,891,204 69,430,976 (312,957,589)
Cash and cash equivalents at beginning of year 526,206,108 453,966,764 766,430,471
Effect of foreign exchange rate change, net 2,314,023 2,808,368 493,882
CASH AND CASH EQUIVALENTS AT END OF YEAR 1,078,411,335 526,206,108 453,966,764
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS      
Cash and bank balances $ 1,078,411,335 $ 526,206,108 $ 453,966,764