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2013 2012
Note HK$’000 HK$’000
Operating activities
Cash generated from operations 26 6,210,419 5,634,474
Interest and other fnance costs paid (475,818) (478,598)
Tax paid (579,993) (744,741)
Net cash from operating activities 5,154,608 4,411,135
Investing activities
Acquisition of subsidiary companies 27 (3,868,054) –
Purchase of fxed assets and additions to projects under development (705,796) (750,457)
Proceeds on disposal of fxed assets and investment 11,549 3,634
Dividends received from investments 65,728 29,366
Dividends received from associated companies and joint ventures 143,992 200,876
Interest received 58,444 94,219
Net cash used in investing activities (4,294,137) (422,362)
Financing activities
Drawdown of bank loans 32,080,000 –
Repayment of bank loans (27,432,769) (32,620)
Upfront debt transaction costs and facilities fee of bank loans (148,400) –
Capital contribution from non-controlling interests 119,419 –
Repayment of loan by a joint venture 3,050 5,000
Distributions to unitholders of HPH Trust (3,996,922) (4,132,367)
Dividends to non-controlling interests (1,835,027) (1,550,402)
Net cash used in fnancing activities (1,210,649) (5,710,389)
Net change in cash and cash equivalents (350,178) (1,721,616)
Cash and cash equivalents at beginning of the year 6,168,840 7,890,456
Cash and cash equivalents at end of the year 19 5,818,662 6,168,840
CONSOLIDATED STATEMENT
OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2013
HUTCHISON PORT HOLDINGS TRUST 72