Asset Chain 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
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	-365.3	-213.15	63.57	116.45
Depreciation & Amortization	3.06	3.17	3.35	3.59
Gain (Loss) on Sale of Assets	-	-0.01	-	-0.38
Gain (Loss) on Sale of Investments	20.43	4.53	13.45	32.83
Asset Writedown	57.91	-57.01	-78.78	-62.3
Income (Loss) on Equity Investments	-0.33	-0.14	-0.11	-
Change in Accounts Receivable	-15.29	37.25	70.41	17.81
Change in Accounts Payable	-16.2	8.48	-3.72	-16.67
Change in Other Net Operating Assets	6.7	21.7	31.77	11.07
Other Operating Activities	238.5	167.32	-48.66	-65.16
Operating Cash Flow	-101.36	-388.99	-115.15	-108.92
Acquisition of Real Estate Assets	-0.01	-0.68	-0.56	-2.45
Sale of Real Estate Assets	135.02	277.76	292.4	20.45
Net Sale / Acq. of Real Estate Assets	135.01	277.08	291.84	18
Cash Acquisition	-	-	-129.35	-
Investment in Marketable & Equity Securities	25.18	-12.59	28.18	-38.91
Other Investing Activities	6.4	9.3	5.17	6.11
Investing Cash Flow	116.59	243.78	193.4	-32.09
Long-Term Debt Issued	221.08	306.8	564.3	980.56
Long-Term Debt Repaid	-455.03	-113.67	-349.33	-835.75
Net Debt Issued (Repaid)	-233.95	193.13	214.97	144.81
Issuance of Common Stock	104.1	24.75	59.18	-
Other Financing Activities	-134.08	-115.59	-82.36	-34.23
Foreign Exchange Rate Adjustments	6.25	-11.38	1.87	0.27
Net Cash Flow	-242.45	-54.29	271.9	-30.16
Cash Interest Paid	132.2	115.09	74.18	34.23
Cash Income Tax Paid	15.65	33.01	27.52	3.44
Levered Free Cash Flow	-171.31	-202.22	-377.74	-296.3
Unlevered Free Cash Flow	-113.47	-167.8	-363.37	-283.5
Change in Working Capital	-55.58	-293.23	-76.42	-119.57