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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-257.61	-333.41	-185.66	360.12	633.62
Depreciation & Amortization	45.24	45.54	48.19	54.74	45.31
Other Amortization	3.88	4.69	5.11	5.43	5.17
Gain (Loss) on Sale of Assets	-3.29	-0.39	-3.21	0.1	0.13
Gain (Loss) on Sale of Investments	3.22	-	-	-	-
Asset Writedown	245	329.25	190.02	-286.18	-617.13
Change in Accounts Receivable	-0.24	8.84	-5.15	-4.05	-0.34
Change in Other Net Operating Assets	-1.09	-4.82	-1.09	8.11	6.52
Other Operating Activities	105.18	117.38	113.23	26.27	67.79
Operating Cash Flow	140.63	167.58	162.59	166.88	142.31
Operating Cash Flow Growth	-16.09%	3.08%	-2.57%	17.27%	-5.66%
Acquisition of Real Estate Assets	-28.81	-15.72	-37.44	-66.25	-143.13
Sale of Real Estate Assets	3.92	2.99	14.92	0.39	0.7
Net Sale / Acq. of Real Estate Assets	-24.89	-12.72	-22.52	-65.86	-142.43
Investment in Marketable & Equity Securities	-0.11	-	-	-	-
Other Investing Activities	2.95	3.85	3.07	1.98	1.33
Investing Cash Flow	-22.05	-8.87	-19.44	-63.88	-141.1
Long-Term Debt Issued	540.56	360.9	1,025	514.6	236.56
Long-Term Debt Repaid	-523.5	-310.64	-1,020	-451.91	-160.48
Net Debt Issued (Repaid)	17.06	50.26	4.39	62.69	76.08
Common Dividends Paid	-23.01	-28.77	-34.52	-74.79	-63.29
Other Financing Activities	-116.59	-165.12	-138.8	-68.87	-43.18
Foreign Exchange Rate Adjustments	0.02	-0.01	0.02	-0.08	-
Net Cash Flow	-3.94	15.07	-25.77	21.95	-29.19
Cash Interest Paid	113.24	160.47	135.95	65.66	41.26
Cash Income Tax Paid	4.82	2.36	1.4	9.41	12.92
Levered Free Cash Flow	44.27	26.03	44.7	65.32	46.12
Unlevered Free Cash Flow	117.31	120.94	135.79	109.84	69
Change in Working Capital	-1.33	3.97	-7.51	4.05	5.85