Cathay Pacific 2013 Annual Report Download - page 29

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Cathay Pacific Airways Limited Interim Report 2013 27
Condensed Financial Statements
CONSOLIDATED STATEMENT OF CASH FLOWS
for the six months ended 30th June 2013 – Unaudited
2013
HK$M
2012
HK$M
2013
US$M
2012
US$M
Operating activities
Cash generated from operations 6,853 4,077 878 523
Interest received 76 86 10 11
Net interest paid (390) (272) (50) (35)
Tax paid (219) (195) (28) (25)
Net cash inflow from operating activities 6,320 3,696 810 474
Investing activities
Net (increase)/decrease in liquid funds other than cash
and cash equivalents (3,411) 267 (438) 34
Proceeds from scrap/sales of fixed assets 888 1,673 114 214
Proceeds from sales of assets held for sale 657 34 84 4
Net decrease/(increase) in other long-term receivables
and investments 30 (66) 4(8)
Purchases of shares in associates (546) –(70) –
Dividends received from associates 12 35 24
Payments for fixed and intangible assets (6,801) (9,811) (872) (1,257)
Net cash outflow from investing activities (9,171) (7,868) (1,176) (1,009)
Financing activities
New financing 3,974 12,664 509 1,624
Loan and finance lease repayments (4,826) (6,359) (619) (815)
Security deposits placed (19) (19) (2) (2)
Dividends paid – to the owners of Cathay Pacific (315) (1,338) (40) (172)
– to non-controlling interests (132) (115) (17) (15)
Net cash (outflow)/inflow from financing activities (1,318) 4,833 (169) 620
(Decrease)/increase in cash and cash equivalents (4,169) 661 (535) 85
Cash and cash equivalents at 1st January 12,798 9,612 1,641 1,232
Effect of exchange differences (30) (44) (4) (6)
Cash and cash equivalents at 30th June 8,599 10,229 1,102 1,311
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 29 to 46 form part of these accounts.