<table><tr><td rowspan="2"></td><td>2017 
二零一七年</td><td>2016
二零一六年</td></tr><tr><td>HK$’000 
千港元</td><td>HK$’000
千港元</td></tr><tr><td>CASH FLOWS FROM OPERATING     經營業務的現金流量
ACTIVITIES</td><td></td><td></td></tr><tr><td>Loss before tax                除稅前虧損</td><td>(193,533)</td><td>(327,092)</td></tr><tr><td>Adjustments for:               就下列各項作出調整：</td><td></td><td></td></tr><tr><td>Finance costs                 融資成本</td><td>165,563</td><td>119,356</td></tr><tr><td>Bank interest income             銀行利息收入</td><td>(13)</td><td>(6)</td></tr><tr><td>Amortisation of film products         電影產品攤銷</td><td>1,210</td><td>10,745</td></tr><tr><td>Amortisation of land lease prepayments   預付土地租賃攤銷</td><td>13,757</td><td>13,703</td></tr><tr><td>Depreciation of property, plant and      物業、廠房及設備折舊
equipment</td><td>58,957</td><td>59,578</td></tr><tr><td>Expenses recognised in respect of      就權益結付股份付款
equity-settled share-based payments    確認的開支</td><td>31,422</td><td>—</td></tr><tr><td>Loss on fair value changes of        可換股債券公允值變動虧損
convertible bonds</td><td>4,902</td><td>22,200</td></tr><tr><td>Net losses on early redemption of      提早贖回可換股債券的
convertible bonds              虧損淨額</td><td>—</td><td>193</td></tr><tr><td>Waiver of interest of convertible bond    豁免可換股債券利息</td><td>—</td><td>(12,513)</td></tr><tr><td>Gain on fair value changes of investment   投資物業公允值變動的
properties                  收益</td><td>(1,080)</td><td>(1,500)</td></tr><tr><td>Impairment losses of interest receivables   應收利息的減值虧損</td><td>5,239</td><td>—</td></tr><tr><td>Impairment losses of investments in     電影╱戲劇製作的減值虧損
films/drama production</td><td>5,775</td><td>—</td></tr><tr><td>Loss on disposal of an intangible asset    出售一項無形資產的虧損</td><td>79</td><td>—</td></tr><tr><td>Loss on disposal of an associate       出售一間聯營公司的虧損</td><td>110</td><td>—</td></tr><tr><td>Loss on capitalisation of loan interest    資本化應付貸款利息的虧損
payables</td><td>1,570</td><td>—</td></tr><tr><td>Loss on capitalisation of other payables   資本化其他應付款項的虧損</td><td>5,431</td><td>—</td></tr><tr><td>Impairment loss on available-for-sales    可供出售投資的減值虧損
investment</td><td>5,250</td><td>—</td></tr><tr><td>Impairment losses on trade and other    貿易及其他應收款項的
receivables                 減值虧損</td><td>13</td><td>—</td></tr><tr><td>Share of loss of an associate         分佔一間聯營公司虧損</td><td>3</td><td>143</td></tr><tr><td>Share of loss of a joint venture        分佔一間合營企業虧損</td><td>620</td><td>904</td></tr><tr><td></td><td>105,275</td><td>(114,289)</td></tr><tr><td>Operating cash flows before movements in 營運資金變動前的經營
working capital               現金流量</td><td></td><td></td></tr><tr><td>Increase in inventories            存貨增加</td><td>(567)</td><td>(34)</td></tr><tr><td>Increase in film products and film      電影產品及在製電影產品
production in progress            增加</td><td>—</td><td>(3,630)</td></tr><tr><td>Increase in trade receivables         應收貿易款項增加</td><td>(114,468)</td><td>(3,253)</td></tr><tr><td>Increase in prepayments, deposits and    預付款項、按金及其他應收
other receivables              款項增加</td><td>(30,144)</td><td>(6,462)</td></tr><tr><td>Increase in trade payables          應付貿易款項增加</td><td>22,929</td><td>667</td></tr><tr><td>(Decrease)/increase in other payables and 其他應付款項及應計費用
accruals                 （減少）╱增加</td><td>(423)</td><td>18,764</td></tr><tr><td>NET CASH USED IN OPERATING     經營業務所用現金淨額
ACTIVITIES</td><td>(17,398)</td><td>(108,237)</td></tr></table>

<table><tr><td rowspan="2"></td><td>2017 
二零一七年</td><td>2016
二零一六年</td></tr><tr><td>HK$’000 
千港元</td><td>HK$’000
千港元</td></tr><tr><td>CASH FLOWS FROM INVESTING     投資活動的現金流量
ACTIVITIES</td><td></td><td></td></tr><tr><td>Increase in films/dramas production     電影╱戲劇製作增加</td><td>(300)</td><td>(6,461)</td></tr><tr><td>Interest received               利息收入</td><td>13</td><td>6</td></tr><tr><td>Payments for property, plant and equipment 物業、廠房及設備付款</td><td>(102,274)</td><td>(88,377)</td></tr><tr><td>Payments for land lease prepayments    支付土地租賃預付款</td><td>—</td><td>(11,419)</td></tr><tr><td>Proceeds from disposal of an intangible   出售一項無形資產的所得款項
asset</td><td>1,000</td><td>—</td></tr><tr><td>Purchases of available-for-sale investments 購買可供出售投資</td><td>—</td><td>(125)</td></tr><tr><td>NET CASH USED IN INVESTING     投資活動所用淨現金
ACTIVITIES</td><td>(101,561)</td><td>(106,376)</td></tr><tr><td>CASH FLOWS FROM FINANCING     融資活動的現金流量
ACTIVITIES</td><td></td><td></td></tr><tr><td>Interest paid                  已付利息</td><td>(155,199)</td><td>(83,051)</td></tr><tr><td>Proceeds from shareholders loans      股東貸款所得款項</td><td>98,593</td><td>286,234</td></tr><tr><td>Repayments of shareholders loans      償還股東貸款</td><td>(61,876)</td><td>(13,788)</td></tr><tr><td>Proceeds from short-term borrowing     短期借貸所得款項</td><td>118,733</td><td>61,494</td></tr><tr><td>Repayments of short-term borrowing     償還短期借貸</td><td>(77,661)</td><td>(265,996)</td></tr><tr><td>Repayments of loan from a related company 償還一間關聯公司的貸款</td><td>—</td><td>(12,400)</td></tr><tr><td>Proceeds from issuance of bonds      發行債券所得款項</td><td>412,457</td><td>242,678</td></tr><tr><td>Transaction costs of issuance of bonds   發行債券的交易成本</td><td>(87,557)</td><td>(18,045)</td></tr><tr><td>Repayments of bonds            償還債券</td><td>(73,819)</td><td>(3,000)</td></tr><tr><td>Repayments of finance leases obligation   償還財務租賃承擔</td><td>(2,573)</td><td>(98)</td></tr><tr><td>Proceeds from issue of share        發行股份的所得款項</td><td>3,851</td><td>—</td></tr><tr><td>NET CASH GENERATED BY FINANCING 融資活動所得現金淨額
ACTIVITIES</td><td>174,949</td><td>194,028</td></tr><tr><td>NET INCREASE/(DECREASE) IN CASH 現金及現金等值項目
AND CASH EQUIVALENTS       增加╱（減少）淨額</td><td>55,990</td><td>(20,585)</td></tr><tr><td>CASH AND CASH EQUIVALENTS AT   年初現金及現金等值項目
THE BEGINNING OF YEAR</td><td>(4,218)</td><td>4,360</td></tr><tr><td>EFFECTS OF EXCHANGE RATE      匯率變動對所持外幣現金
CHANGES ON THE BALANCE OF     結餘的影響
CASH HELD IN FOREIGN 
CURRENCIES</td><td>(40,244)</td><td>12,007</td></tr><tr><td>CASH AND CASH EQUIVALENTS AT   年末現金及現金等值項目
THE END OF YEAR</td><td>11,528</td><td>(4,218)</td></tr><tr><td>ANALYSIS OF THE BALANCES OF    現金及現金等值項目結餘分析
CASH AND CASH EQUIVALENTS</td><td></td><td></td></tr><tr><td>Cash and bank balances           現金及銀行結餘</td><td>19,944</td><td>4,283</td></tr><tr><td>Bank overdrafts                銀行透支</td><td>(8,416)</td><td>(8,501)</td></tr><tr><td></td><td>11,528</td><td>(4,218)</td></tr></table>