Construction Industry Council - Annual Report 2024

CONSTRUCTION INDUSTRY COUNCIL 204 FINANCIAL STATEMENTS Consolidated statement of cash flows For the year ended 31 December 2024 2024 2023 HK$ HK$ Operating activities Surplus for the year 697,304,658 99,832,973 Adjustments for: Net impairment losses on levy receivables 43,876,223 353,109 Interest expense on lease liabilities 231,695 225,533 Depreciation 237,995,596 218,464,262 Investment and interest income (108,885,278) (86,311,533) Impairment on property, plant and equipment 44,376,300 – Net losses on disposal of property, plant and equipment 982,040 143,525 Operating cash flow before movements in working capital 915,881,234 232,707,869 Increase in levy receivables (51,479,719) (7,294,734) Increase in deposits, prepayments and other receivables (70,703,722) (54,541,465) Decrease in accounts and other payables and accruals (67,168,561) (725,828) Increase in contract liabilities 8,151,873 1,037,867 Net cash from operating activities 734,681,105 171,183,709