Consolidated Cash Flow Statement

Consolidated Cash Flow Statement

 

For the year ended 31 December
 Note2015
US$'000
2014
US$'000
Operating activities 
Cash generated from operations2899,72995,146
Hong Kong profits tax paid (647)(720)
Overseas taxation paid (467)(774)
Net cash generated from operating activities 98,61593,652
Investing activities 
Disposal of habour towage business 57,109-
Disposal of RoRo vessels and other PP&E 60,38270,552
Disposal of asset held for sale 5,647-
Purchase of property, plant and equipment (146,408)(194,472)
Disposal of property, plant and equipment 2,9702,631
Increase in term deposits (53,633)(30,000)
Increase in restricted bank deposits -(1,610)
Decrease in restricted bank deposits 1,6362,778
Disposal of joint ventures 14,4003,295
Loan repayment received from joint ventures 120-
Dividends received from a joint venture -9,930
Interest received 2,9254,014
Receipt of finance lease receivables - capital element -1,199
Net cash used in investing activities (54,852)(131,683)
Financing activities 
Repayment of bank loans (265,101)(146,820)
Drawdown of bank loans 190,682109,407
Proceeds from issuance of convertible bond,
net of issuing expenses
 123,725-
Payment for buyback/redemption of convertible bonds20(c)(103,257)(20,400)
Interest and other finance charges paid (28,568)(34,304)
Dividends paid to shareholders of the Company (12,368)(12,385)
Repayment of finance lease liabilities - capital element (5,003)(4,680)
Payment for shares purchased by trustee of the SAS21(530)(3,483)
Proceeds from shares issued upon exercise of share options -129
Net cash used in financing activities (100,420)(112,536)
Net decrease in cash and cash equivalents (56,657)(150,567)
Exchange losses on cash and cash equivalents (337)(902)
Cash and cash equivalents at 1 January 256,731408,200
Cash and cash equivalents at 31 December14199,737256,731
Term deposits at 1 January14105,000 75,000
Increase in term deposit 53,63330,000
Cash and deposits at 31 December14358,370361,731

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