Annual Report 2020

166 Transport International Holdings Limited 2020 Annual Report Consolidated Cash Flow Statement for the year ended 31 December 2020 (Expressed in Hong Kong dollars) 2020 2019 Note $’ 000 $’ 000 Operating activities Cash generated from operations 23(c) 1,187,259 1,378,325 Interest received 113,010 93,533 Interest paid (25,165) (29,798) Tax paid – Hong Kong Profits Tax (75,429) (1,422) – The People’s Republic of China (“PRC”) withholding tax (1,262) (943) Net cash generated from operating activities 1,198,413 1,439,695 Investing activities Increase in restricted bank deposits (203,410) (140,152) (Increase)/decrease in bank deposits with original maturities of over three months (43,700) 183,040 Increase in loan receivables (34,541) – Payment for the purchase of other property, plant and equipment (1,272,512) (832,298) Payment for other additions of investment property under development (375,853) (180,539) Payment for the purchase of intangible assets – (4,345) Payment for the purchase of debt securities (438,285) (237,073) Receipt of government grant for the purchase of other property, plant and equipment 18,046 5,921 Receipt of government grant for the disposal of other property, plant and equipment 306 – Proceeds from the disposal of other property, plant and equipment 9,159 6,176 Proceeds on the maturity of debt securities 722,815 231,132 Dividends received from associates 43,969 26,564 Dividends received from unlisted equity securities 31,000 40,300 Net cash inflow in respect of disposal of subsidiary 35 744,735 – Finance costs paid and capitalised into investment property under development (28,682) (40,224) Net cash used in investing activities (826,953) (941,498) Financing activities Proceeds from new bank loans 23(d) 2,515,000 1,765,000 Repayment of bank loans 23(d) (2,145,000) (1,690,000) Issuance of shares upon exercise of share options – 8,977 Capital element of lease rentals paid 23(d) (2,727) (3,923) Interest element of lease rentals paid 23(d) (161) (200) Dividends paid to equity shareholders of the Company (149,228) (261,165) Net cash generated from/(used in) financing activities 217,884 (181,311) Net increase in cash and cash equivalents 589,344 316,886 Cash and cash equivalents at 1 January 542,351 224,602 Effect of foreign exchange rate changes 1,398 863 Cash and cash equivalents at 31 December 23(a) 1,133,093 542,351 Analysis of cash and cash equivalents: Bank deposits and cash in the consolidated statement of financial position 23(a) 1,943,400 1,308,958 Less: bank deposits with original maturities of over three months 23(a) (810,307) (766,607) Cash and cash equivalents in the consolidated cash flow statement 1,133,093 542,351 The notes on pages 167 to 239 form part of these financial statements.