Fountain Set (Holdings) Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	14.26	50.9	-115.53	241.33
Depreciation & Amortization	187.92	205.46	206.25	199.35
Other Amortization	0.76	3.02	3.02	3.02
Loss (Gain) From Sale of Assets	-2.58	-9.6	-1.47	0.06
Asset Writedown & Restructuring Costs	15.43	3.55	-	-
Loss (Gain) on Equity Investments	-1.1	-1.15	-0.17	-0.81
Provision & Write-off of Bad Debts	6.12	-13.28	17.87	11.34
Other Operating Activities	12.45	-269.38	38.61	53.31
Change in Accounts Receivable	-12.07	127.73	279.54	-245.93
Change in Inventory	-4.97	143.96	775.74	-493.83
Change in Accounts Payable	-77.74	165.43	-415.26	-24.52
Change in Unearned Revenue	3.76	-5.25	-10.65	32.38
Change in Other Net Operating Assets	9.47	-107.62	127.69	13.9
Operating Cash Flow	151.7	293.76	905.63	-210.39
Operating Cash Flow Growth	-48.36%	-67.56%	-	-
Capital Expenditures	-165	-98.76	-164.15	-161.68
Sale of Property, Plant & Equipment	30.71	9.94	3.37	3.92
Sale (Purchase) of Intangibles	-12.1	-	-	-
Sale (Purchase) of Real Estate	128.93	56.73	-	-13.3
Investment in Securities	-	-	16.55	10.88
Other Investing Activities	28.53	33.95	7.61	11.4
Investing Cash Flow	11.07	1.86	-136.63	-148.77
Long-Term Debt Issued	45.64	252.8	1,194	1,233
Short-Term Debt Repaid	-13.99	-	-25.81	-1.69
Long-Term Debt Repaid	-224.32	-516.85	-1,112	-1,177
Total Debt Repaid	-238.31	-516.85	-1,138	-1,179
Net Debt Issued (Repaid)	-192.67	-264.05	55.49	54.58
Common Dividends Paid	-36.75	-	-196	-85.75
Other Financing Activities	-13.1	-45.85	-30.89	-33.61
Financing Cash Flow	-242.52	-309.9	-171.4	-64.78
Foreign Exchange Rate Adjustments	-3.78	-0.4	-12.36	4.24
Net Cash Flow	-83.52	-14.68	585.25	-419.7
Free Cash Flow	-13.3	195	741.49	-372.07
Free Cash Flow Growth	-	-73.70%	-	-
Free Cash Flow Margin	-0.30%	4.39%	12.25%	-5.51%
Free Cash Flow Per Share	-0.01	0.16	0.60	-0.30
Cash Interest Paid	13.1	7	19.9	14.95
Cash Income Tax Paid	19.79	60.43	57.62	53.25
Levered Free Cash Flow	98	86.33	770.78	-433.3
Unlevered Free Cash Flow	106.21	102.74	784.16	-423.79
Change in Working Capital	-81.56	324.24	757.06	-718

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