Page 60 - ar2012

58 Hutchison Port Holdings Trust Annual Report 2012
Consolidated Statement
of cash flows
Note 2012 2011*
HK$’000 HK$’000
Operating activities
Cash generated from operations 26 5,634,474 5,532,883
Interest and other fnance costs paid (478,598) (314,373)
Tax paid (744,741) (432,816)
Net cash from operating activities 4,411,135 4,785,694
Investing activities
Acquisition of subsidiary companies – (56,527,420)
Purchase of fxed assets and additions to projects under development (750,457) (1,793,842)
Proceeds on disposal of fxed assets 3,634 2,017
Dividends received from investments 29,366 87,120
Dividends received from associated companies and jointly controlled entities 200,876 169,027
Interest received 94,219 107,199
Net cash used in investing activities (422,362) (57,955,899)
Financing activities
Issuance of units – 42,494,693
Drawdown of bank loans – 26,170,000
Repayment of bank loans (32,620) (5,774,840)
Upfront debt transaction costs and facilities fee of bank loans – (351,170)
Repayment of loan by a jointly controlled entity 5,000 5,000
Distributions to unitholders of HPH Trust (4,132,367) (1,245,372)
Dividends to non-controlling interests (1,550,402) (237,650)
Net cash (used in)/from fnancing activities (5,710,389) 61,060,661
Net changes in cash and cash equivalents (1,721,616) 7,890,456
Cash and cash equivalents at beginning of the year/period 7,890,456 –
Cash and cash equivalents at end of the year/period 19 6,168,840 7,890,456
FOR THE YEAR ENDED 31 DECEMBER 2012
* For the fnancial period from 25 February 2011 (date of constitution of the Trust) to 31 December 2011