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Annual Report 2015
二零一五年年報
17
Management Discussion & Analysis
管理層討論及分析
Liquidity and Financial Position
As at 31 December 2015, the Group had total cash and bank deposits
of HK$146.2 million (2014: HK$114.0 million). The cash increase
of HK$32.2 million was mainly due to the following significant cash
transactions during the year:
(i) The Group sold all its RMB-denominated available-for-sale debt
securities (also known as financial assets) in December 2015 at
the amount equivalent to HK$83.2 million in December 2015 to
mitigate the risk of potential foreign exchange loss of RMB. Part of
the cash proceeds at the amount of HK$23.8 million was reinvested
in USD-denominated available-for-sale debt securities before the
end of 2015. The remaining portion of the cash proceeds was kept
in the Group’s bank accounts for investment in USD-denominated
available-for-sale debt securities in January 2016.
(ii) In connection with the disposal of our stake of 25.17% in Guofurui,
the Group received a total cash deposits of RMB10.0 million from the
potential buyer and paid a withholding tax of RMB4.3 million to the
PRC tax authority on the gain on disposal transaction. Furthermore,
the Group collected RMB10.0 million being the balance of cash
proceeds for the disposal of our 8.5% equity investment in Pinggu.
(iii) During the year, the distribution of a special dividend of HK$29.4
million was approved by the shareholders at the annual general
meeting on 8 May 2015. An additional cash investment HK$5.5
million into one of our PRC associates, U-Link, was approved by the
Board to increase our shareholding from 24.5% to 26.0%.
Total assets and net assets of the Group as at 31 December 2015
amounted to HK$576.7 million (2014: HK$612.1 million) and HK$360.6
million (2014: HK$377.1 million) respectively.
As at 31 December 2015, the Group had no borrowings (2014: Nil).
流動資金與財務狀況
於二零一五年十二月三十一日，本集團的現金及銀行
存款總額為港幣
146,200,000
元（二零一四年：港幣
114,000,000
元）。現金增加港幣
32,200,000
元主要是
由於年內有下述重大現金交易：
(i)
本集團於二零一五年十二月出售相當於港幣
83,200,000
元的全部可供出售人民幣債務證
券（即財務資產）以降低潛在人民幣匯兌虧損風
險。於二零一五年末前，部份現金款項港幣
23,800,000
元再投資於可供出售美元債務證券。
其餘現金款項存於本集團銀行賬戶，於二零一六
年一月投資於可供出售美元債務證券。
(ii)
因出售國富瑞
25.17%
股權，本集團收到潛在買
家的現金按金總額人民幣
10,000,000
元並就出
售交易所得向中國稅務機關支付預扣稅人民幣
4,300,000
元。此外，本集團收到出售平谷
8.5%
股權投資之現金餘款人民幣
10,000,000
元。
(iii)
年內，二零一五年五月八日召開的股東週年大會
上股東批准宣派特別股息港幣
29,400,000
元。
經董事會批准，我們向中國聯營公司之一上海
匯通再投入現金投資港幣
5,500,000
元將股權由
24.5%
增至
26.0%
。
於二零一五年十二月三十一日，本集團的資產總值及
資產淨值分別為港幣
576,700,000
元（二零一四年：港
幣
612,100,000
元）及港幣
360,600,000
元（二零一四
年：港幣
377,100,000
元）。
於二零一五年十二月三十一日，本集團並無借貸（二
零一四年：無）。