Cathay Pacific 2015 Annual Report Download - page 58

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Cathay Pacific Airways Limited
56
Note
2015
HK$M
2014
HK$M
2015
US$M
2014
US$M
Operating activities
 Cashgeneratedfromoperations 22 17,137 12,274 2,197 1,574
 Interestreceived 152 198 20 25
 Netinterestpaid (825) (792) (106) (101)
 Taxpaid (469) (1,395) (60) (179)
Net cash inflow from operating activities 15,995 10,285 2,051 1,319
Investing activities
 Net(increase)/decreaseinliquidfundsotherthancashand
  cashequivalents (2,521) 4,540 (323) 582
 Proceedsfromscrap/salesofproperty,plantandequipment 515 1,864 66 239
 Proceedsfromsalesofassetsheldforsale 192 97 24 12
 Disposalofasubsidiary 23 83 –11 –
 Netdecrease/(increase)inotherlong-termreceivablesand
  investments 54 (52) 7(6)
 Paymentsforproperty,plantandequipmentand
  intangibleassets (13,179) (14,818) (1,690) (1,900)
 Dividendsreceivedfromassociates 280 221 36 28
 Purchasesofsharesinanassociate –(1,240) –(159)
 Loanstoassociates (77) (1,377) (10) (176)
Net cash outflow from investing activities (14,653) (10,765) (1,879) (1,380)
Financing activities
 Newfinancing 8,268 10,006 1,060 1,283
 Netcashbenefitfromfinancingarrangements –1,195 –153
 Loanandfinanceleaserepayments (10,050) (11,309) (1,289) (1,450)
 Securitydepositsplaced (44) (42) (6) (5)
 Dividendspaid –totheshareholdersofCathayPacific (2,046) (1,022) (262) (131)
– to non-controlling interests (283) (292) (36) (38)
Net cash outflow from financing activities (4,155) (1,464) (533) (188)
Decrease in cash and cash equivalents (2,813) (1,944) (361) (249)
Cash and cash equivalents at 1st January 10,211 12,359 1,309 1,584
Effectofexchangedifferences (191) (204) (24) (26)
Cash and cash equivalents at 31st December 24 7,207 10,211 924 1,309
The financial statements 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 58 to 99 and the principal accounting policies on pages 100 to 105 form part of these financial statements.
Consolidated Statement of Cash Flows
for the year ended 31st December 2015