Tai Sang Land Development Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-377.29	-333.41	-185.66	360.12	633.62	-155.94
Depreciation & Amortization	44.55	45.54	48.19	54.74	45.31	24.1
Other Amortization	4.69	4.69	5.11	5.43	5.17	4.07
Gain (Loss) on Sale of Assets	-0.39	-0.39	-3.21	0.1	0.13	-0.01
Asset Writedown	329.25	329.25	190.02	-286.18	-617.13	243.05
Change in Accounts Receivable	8.84	8.84	-5.15	-4.05	-0.34	-2.02
Change in Other Net Operating Assets	-4.82	-4.82	-1.09	8.11	6.52	3.85
Other Operating Activities	165.57	117.38	113.23	26.27	67.79	32.99
Operating Cash Flow	170.89	167.58	162.59	166.88	142.31	150.85
Operating Cash Flow Growth	6.38%	3.08%	-2.57%	17.27%	-5.66%	-9.78%
Acquisition of Real Estate Assets	-6.37	-15.72	-37.44	-66.25	-143.13	-302.25
Sale of Real Estate Assets	0.47	2.99	14.92	0.39	0.7	1.9
Net Sale / Acq. of Real Estate Assets	-5.9	-12.72	-22.52	-65.86	-142.43	-300.35
Other Investing Activities	3.56	3.85	3.07	1.98	1.33	1.93
Investing Cash Flow	-2.34	-8.87	-19.44	-63.88	-141.1	-298.43
Long-Term Debt Issued	-	360.9	1,025	514.6	236.56	707.14
Long-Term Debt Repaid	-	-310.64	-1,020	-451.91	-160.48	-403
Net Debt Issued (Repaid)	52.93	50.26	4.39	62.69	76.08	304.14
Common Dividends Paid	-25.89	-28.77	-34.52	-74.79	-63.29	-63.29
Other Financing Activities	-145.1	-165.12	-138.8	-68.87	-43.18	-63.54
Foreign Exchange Rate Adjustments	-	-0.01	0.02	-0.08	-	-
Net Cash Flow	50.49	15.07	-25.77	21.95	-29.19	29.73
Cash Interest Paid	141.58	160.47	135.95	65.66	41.26	60.64
Cash Income Tax Paid	1.81	2.36	1.4	9.41	12.92	9.8
Levered Free Cash Flow	42.52	26.03	44.7	65.32	46.12	123.12
Unlevered Free Cash Flow	127.45	120.94	135.79	109.84	69	147.04
Change in Working Capital	3.97	3.97	-7.51	4.05	5.85	1.83

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.