Interim Report 2023

33 INTERIM REPORT 2023 Condensed Consolidated Statement of Cash Flows For the six months ended 30 June 2023 Unaudited 2023 2022 HK$’million HK$’million Cash flows from operating activities Net cash inflow from operations 2,257 3,608 Tax paid (411) (487) Dividends received from associates and joint ventures 551 716 Net cash generated from operating activities 2,397 3,837 Cash flows used in investing activities Placement of other deposits and structured deposits (9,159) (1,546) Tax payments relating to resumption of land parcels in previous years — (1,145) Purchase of property, plant and equipment, investment properties and port operating rights (378) (737) Proceeds from withdrawal of other deposits and structured deposits 8,259 4,121 Interest income received 225 163 Investments in associates and a joint venture — (2,799) Other investing cash flows — (9) Net cash used in investing activities (1,053) (1,952) Cash flows used in financing activities Proceeds from bank loans 6,054 9,482 Loan from immediate holding company — 217 Loans from fellow subsidiaries 493 120 Repayment of bank loans (6,400) (8,038) Repayment of loans from non-controlling equity holders of subsidiaries — (307) Repayment of loan from immediate holding company (1,350) — Repayment of notes payable — (6,860) Net proceeds on issue of notes payable — 3,916 Interests paid (857) (764) Distribution paid to holders of perpetual capital securities (113) (112) Other financing cash flows (93) (371) Net cash used in financing activities (2,266) (2,717) Decrease in cash and cash equivalents (922) (832) Cash and cash equivalents at 1 January 9,625 9,974 Effect of foreign exchange rate changes (139) (292) 8,564 8,850 Cash and cash equivalents at 30 June, represented by Cash and bank balances 8,426 8,850 Cash and cash equivalents included in assets classified as held for sale 138 — 8,564 8,850