Tern Properties Company Cash Flow Statement

Financials in millions HKD. Fiscal year is April - March.

Millions HKD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-54.46	-9.8	-75.2	-55.08	-134.23
Depreciation & Amortization	1.08	1.16	1.47	2.26	2.4
Gain (Loss) on Sale of Assets	-	-0.18	-	-	-
Gain (Loss) on Sale of Investments	-14.42	-11.86	19.95	26.72	-2.02
Asset Writedown	91.14	54.44	79.61	62.83	182.85
Income (Loss) on Equity Investments	2.49	-3.78	8.82	10.17	13.39
Change in Accounts Receivable	-2.38	-2.39	0.12	1.44	-3.48
Change in Other Net Operating Assets	-0.9	-1.25	1.62	-4.33	-0.22
Other Operating Activities	-17.36	-13.09	-16.62	-30.45	-27.52
Operating Cash Flow	7.17	15.63	21.2	17.65	32.71
Operating Cash Flow Growth	-54.13%	-26.29%	20.15%	-46.05%	14.34%
Acquisition of Real Estate Assets	-	-1.01	-	-	-
Sale of Real Estate Assets	-	0.18	-	-	-
Net Sale / Acq. of Real Estate Assets	-	-0.83	-	-	-
Investment in Marketable & Equity Securities	-54.54	0.11	22.75	152.46	141.3
Other Investing Activities	19.99	21.53	20.22	30.21	43.04
Investing Cash Flow	-34.55	20.8	42.97	182.66	184.34
Short-Term Debt Issued	-	-	-	1.71	-
Long-Term Debt Issued	-	-	-	-	30
Total Debt Issued	-	-	-	1.71	30
Short-Term Debt Repaid	-0.07	-0.07	-0.12	-	-0.27
Long-Term Debt Repaid	-3.47	-3.25	-3.43	-194.45	-94.02
Total Debt Repaid	-3.54	-3.32	-3.55	-194.45	-94.29
Net Debt Issued (Repaid)	-3.54	-3.32	-3.55	-192.75	-64.29
Common Dividends Paid	-4.71	-4.16	-5.54	-9.15	-11.64
Other Financing Activities	-1.3	-1.46	-1.08	-2.37	-4.68
Foreign Exchange Rate Adjustments	-0.29	0.03	-0.4	0.03	0.5
Net Cash Flow	-37.23	27.53	53.6	-3.93	136.94
Cash Interest Paid	1.3	1.46	1.08	2.37	4.68
Cash Income Tax Paid	4.64	0.89	1.13	7.26	2.02
Levered Free Cash Flow	11.68	46.65	-7.35	50.56	-42.5
Unlevered Free Cash Flow	12.49	47.56	-6.63	51.99	-39.73
Change in Working Capital	-3.19	-3.8	1.44	-3.38	-3.73

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.