71 / 148
For the year ended 31 December 2016
(Expressed in Hong Kong dollars)
CONSOLIDATED CASH FLOW STATEMENT
OF THE TRUST AND OF THE COMPANY
2016 ANNUAL REPORT
71
2016
2015
Note
$ million
$ million
Operating activities
Cash generated from operations
20(b)
10,162
9,852
Interest paid
(1,008)
(919)
Interest received
18
49
Hong Kong Profits Tax paid
(1,154)
(918)
Net cash generated from operating activities
8,018
8,064
Investing activities
Payment for the purchase of property, plant and
equipment and capital stock
(2,760)
(2,237)
Capitalised interest paid
(115)
(67)
Proceeds from disposal of property, plant and equipment
1
–
Decrease in bank deposits with more than three months to
maturity when placed
180
1,214
Net cash used in investing activities
(2,694)
(1,090)
Financing activities
Proceeds from bank loans
18,985
–
Repayment of bank loans
(34,432)
(2,846)
Issuance of medium term notes
8,843
2,567
Redemption of medium term notes
(900)
(500)
New customers’ deposits
298
283
Repayment of customers’ deposits
(242)
(219)
Distributions/dividends paid
(3,538)
(3,517)
Net cash used in financing activities
(10,986)
(4,232)
Net (decrease)/increase in cash and cash equivalents
(5,662)
2,742
Cash and cash equivalents at 1 January
5,977
3,236
Effect of foreign exchange rate changes
1
(1)
Cash and cash equivalents at 31 December
20(a)
316
5,977
The notes on pages 72 to 126 form part of these consolidated financial statements.
As explained in note 2, the consolidated financial statements of the Trust and the consolidated financial statements of the
Company are presented together.