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CONSOLIDATED STATEMENT OF CASH FLOWS
      For the six months ended 30 September 2019

                                                              Unaudited
                                                           Six months ended
                                                             30 September
                                                             2019           2018
                                                         HK$’000         HK$’000

       Net cash used in operating activities             (339,146)       (571,134)

       Net cash used in investing activities               (10,627)       (34,509)
       Net cash generated from financing activities       174,754        523,419

       Net decrease in cash and cash equivalents         (175,019)        (82,224)

       Cash and cash equivalents at the beginning
         of the period                                    277,474        279,520

       Cash and cash equivalents at the end of the period  102,455       197,296

       Analysis of balances of cash and cash equivalents

         Bank balances and cash                           102,455        197,296































       6     ALCO HOLDINGS LIMITED  Interim Report 2019
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