Cathay Pacific 2005 Annual Report Download - page 51

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49
Cathay Pacific Airways Limited Annual Report 2005
Consolidated Cash Flow Statement
for the year ended 31st December 2005
2005 2004 2005 2004
Note HK$M HK$M US$M US$M
Operating activities
Cash generated from operations 21 8,706 10,595 1,116 1,359
Dividends received from associates 11 170 122 22 16
Interest received 163 59 21 8
Net interest paid (671) (786) (86) (101)
Tax paid (971) (785) (125) (101)
Net cash inflow from operating activities 7,397 9,205 948 1,181
Investing activities
Receipts from disposal of an investment 117 – 15 –
Receipts from capital reduction, loan and
disposal of associates 108 69 14 9
Sales of fixed assets 21 54 3 7
Payments for fixed and intangible assets (4,354) (4,064) (558) (521)
Net increase in long-term receivables
and investments (232) (2,692) (30) (345)
Net (increase)/decrease in liquid funds
other than cash and cash equivalents (120) 884 (15) 113
Net cash outflow from investing activities (4,460) (5,749) (571) (737)
Financing activities
New financing 5,486 1,746 703 224
Net cash benefit from financing arrangements 343 51 44 7
Shares issued 19 78 199 10 25
Loan and finance lease repayments (4,807) (6,247) (616) (801)
Security deposits placed (91) (94) (11) (12)
Dividends paid – to shareholders (2,196) (2,189) (282) (281)
– to minority interests (21) (69) (3) (9)
Net cash outflow from financing activities (1,208) (6,603) (155) (847)
Increase/(decrease) in cash and cash equivalents 1,729 (3,147) 222 (403)
Cash and cash equivalents at 1st January 2,657 5,649 341 724
Effect of exchange differences (119) 155 (16) 20
Cash and cash equivalents at 31st December 22 4,267 2,657 547 341
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary
information and are translated at HK$7.8.
The notes on pages 54 to 85 form part of these accounts.