Cathay Pacific 2009 Annual Report Download - page 58

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Consolidated Statement of Cash Flows
for the year ended 31st December 2009
Note
2009
HK$M
2008
HK$M
2009
US$M
2008
US$M
Operating activities
Cash generated from operations 24 4,490 3,882 576 497
Dividends received from associates 13 174 383 22 49
Interest received 79 258 10 33
Net interest paid (965) (1,305) (124) (167)
Tax paid (1,743) (1,402) (223) (179)
Net cash inflow from operating activities 2,035 1,816 261 233
Investing activities
Net decrease in liquid funds other than cash and
cash equivalents
2,250 7,556 288 969
Disposal of investment in an associate 1,901 –244 –
Sales of fixed assets 1,304 76 167 10
Net decrease/(increase) in other long-term receivables
and investments 92 (51) 12 (7)
Net receipt/(payment) for investment in associates 6(439) 1(56)
Disposal of a subsidiary 25 –42 –5
Payments for fixed and intangible assets (6,776) (9,228) (869) (1,183)
Net cash outflow from investing activities (1,223) (2,044) (157) (262)
Financing activities
New financing 6,169 6,665 790 854
Net cash benefit from financing arrangements 585 772 75 99
Shares repurchased and issued 22 8(133) 1(17)
Loan and finance lease repayments (4,362) (3,810) (559) (488)
Security deposits placed (117) (109) (15) (14)
Dividends paid – to owners of Cathay Pacific
– to minority interests
–
(143)
(2,438)
(258)
–
(18)
(313)
(33)
Net cash inflow from financing activities 2,140 689 274 88
Increase in cash and cash equivalents 2,952 461 378 59
Cash and cash equivalents at 1st January 7,045 6,773 903 868
Effect of exchange differences 97 (189) 13 (24)
Cash and cash equivalents at 31st December 26 10,094 7,045 1,294 903
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 59 to 97 form part of these accounts.
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