53
CITIC ENVIROTECH LTD.
Annual
Report
2015
See accompanying notes to financial statements.
CONSOLIDATED STATEMENT OF
CASH FLOWS
Financial period from April 1, 2015 to December 31, 2015
April 1,
2015 to
December
31,
2015
$’000
April 1,
2014 to
March 31,
2015
$’000
Investing activities
Investment in associates
(10,611)
–
Proceeds from disposal of property, plant and equipment
87
38
Addition to service concession receivables
(34,876)
(89,946)
Addition to intangible assets
(7,365)
(57,117)
Contribution from non-controlling shareholders
2,009
–
Disposal of available-for-sale investment
–
6,159
Purchase of property, plant and equipment
(76,946)
(10,138)
Net cash outflow on acquisition of subsidiary (Note 40)
(86,100)
(22,283)
Net cash used in investing activities
(213,802)
(173,287)
Financing activities
New bank loans raised
171,770 157,635
Proceeds from issuance of shares, net of expenses
56,359
2,090
Proceeds from issuance of medium term notes, net of expenses
222,048
–
Dividends paid
(5,633)
(2,739)
Repayment of obligations under finance lease
(55)
(119)
Proceeds from issuance of perpetual capital securities
242,055
–
Redemption of medium term notes
(1,010)
–
Repayments of bank loans
(50,323)
(43,100)
Net cash from financing activities
635,211 113,767
Net increase (decrease) in cash and cash equivalents
423,666
(28,261)
Cash and cash equivalents at beginning of financial year
113,757 141,672
Effects of exchange rate changes on the balance of cash and
cash equivalents held in foreign currencies
3,043
346
Cash and cash equivalents at end of financial year (Note 6)
540,466 113,757
Note:
During the year, the acquisition of property, plant and equipment of $8,504,000 (March 31, 2015 : $Nil) was financed via bank loans
obtained by one of the subsidiaries of the Group.
