Annual Report 2019

146 Transport International Holdings Limited 2019 Annual Report Consolidated Cash Flow Statement for the year ended 31 December 2019 (Expressed in Hong Kong dollars) 2019 2018 (Note) Note $’ 000 $’ 000 Operating activities Cash generated from operations 22(c) 1,378,325 1,709,432 Interest received 93,533 86,512 Interest paid (29,798) (15,784) Tax paid – Hong Kong profits tax (1,422) (51,876) – The People’s Republic of China (“PRC”) withholding tax (943) (1,644) Net cash generated from operating activities 1,439,695 1,726,640 Investing activities (Increase)/decrease in restricted bank deposits (140,152) 21,193 Decrease/(increase) in bank deposits with original maturities of over three months 183,040 (949,647) Payment for the purchase of other property, plant and equipment (832,298) (1,599,769) Payment for other additions of investment property under development (180,539) (51,492) Payment for the purchase of intangible assets (4,345) (228,497) Payment for the purchase of debt securities (237,073) – Receipt of government grant for the purchase of other property, plant and equipment 5,921 5,128 Proceeds from the disposal of other property, plant and equipment 6,176 14,040 Proceeds on the maturity of debt securities 231,132 – Dividends received from associates 26,564 6,435 Dividends received from unlisted equity securities 40,300 33,480 Proceeds from the disposal of subsidiaries, net of cash disposal – 40,000 Finance costs paid and capitalised into investment property under development (40,224) (26,894) Net cash used in investing activities (941,498) (2,736,023) Financing activities Capital element of lease rentals paid 22(d) (3,923) – Proceeds from new bank loans 22(d) 1,765,000 1,605,000 Repayments of bank loans 22(d) (1,690,000) (1,335,000) Issuance of shares upon exercise of share options 8,977 – Interest element of lease rentals paid 22(d) (200) – Dividends paid to equity shareholders of the Company (261,165) (236,426) Net cash (used in)/generated from financing activities (181,311) 33,574