Annual Report 2021

166 Transport International Holdings Limited 2021 Annual Report CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 December 2021 (Expressed in Hong Kong dollars) 2021 2020 Note $’000 $’000 Operating activities Cash generated from operations 23(c) 1,284,302 1,187,259 Interest received 72,087 113,010 Interest paid (14,701) (25,165) Tax paid – Hong Kong Profits Tax (21,033) (75,429) – The People’s Republic of China (“PRC”) withholding tax (805) (1,262) Net cash generated from operating activities 1,319,850 1,198,413 Investing activities Increase in restricted bank deposits (61,384) (203,410) Decrease/(increase) in bank deposits with original maturities of over three months 810,307 (43,700) Decrease/(increase) in loan receivables 123 (34,541) Payment for the purchase of other property, plant and equipment (1,417,316) (1,272,512) Payment for other additions of investment property under development (675,775) (375,853) Payment for the purchase of intangible assets (54,765) – Payment for the purchase of debt securities (767,308) (438,285) Receipt of government grant for the purchase of other property, plant and equipment 97,863 18,046 Receipt of government grant for the disposal of other property, plant and equipment 1,085 306 Proceeds from the disposal of other property, plant and equipment 12,487 9,159 Proceeds on the maturity of debt securities 436,346 722,815 Dividends received from associates 16,095 43,969 Dividends received from unlisted equity securities 38,539 31,000 Net cash inflow in respect of disposal of subsidiary 35 – 744,735 Finance costs paid and capitalised (17,687) (28,682) Net cash used in investing activities (1,581,390) (826,953) Financing activities Proceeds from new bank loans 23(d) 2,895,000 2,515,000 Repayment of bank loans 23(d) (2,840,000) (2,145,000) Loan repaid by a joint venture 8,000 – Capital element of lease rentals paid 23(d) (2,365) (2,727) Interest element of lease rentals paid 23(d) (94) (161) Dividends paid to equity shareholders of the Company (109,438) (149,228) Net cash (used in)/generated from financing activities (48,897) 217,884 Net (decrease)/increase in cash and cash equivalents (310,437) 589,344 Cash and cash equivalents at 1 January 1,133,093 542,351 Effect of foreign exchange rate changes 3,131 1,398 Cash and cash equivalents at 31 December 23(a) 825,787 1,133,093 Analysis of cash and cash equivalents: Bank deposits and cash in the consolidated statement of financial position 23(a) 825,787 1,943,400 Less: bank deposits with original maturities of over three months 23(a) – (810,307) Cash and cash equivalents in the consolidated cash flow statement 825,787 1,133,093 The notes on pages 167 to 235 form part of these financial statements.