Cathay Pacific 2001 Annual Report Download - page 36

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34 Cathay Pacific Airways Limited Annual Report 2001
2001 2000 2001 2000
Note
HK$M HK$M US$M US$M
Net cash inflow from operating activities
23
4,613 8,284 591 1,062
Returns on investments and servicing of finance
Interest received 139 192 18 24
Dividends received from associated companies 77 65 10 8
Net interest paid (1,250) (1,326) (160) (170)
Dividends paid
-
to shareholders
8
(1,915) (1,585) (246) (203)
-
to minority interests
24
(48) (73) (6) (9)
Net cash outflow from returns on investments
and servicing of finance (2,997) (2,727) (384) (350)
Tax paid (348) (282) (45) (36)
Investing activities
Sales of fixed assets 105 353 13 45
Payments for fixed and intangible assets (7,305) (4,307) (936) (553)
Net decrease/(increase) in long-term receivables
and investments 48 (32) 6(4)
Receipts from disposal of an associated company
-
22
-
3
Sales of funds with investment managers 2,105 1,105 270 142
Sales/(purchase) of other liquid investments 934 (366) 120 (47)
Net decrease/(increase) in short-term deposits
maturing beyond three months 81 (3) 10
-
Repayment of loans from associated companies 4611
Net cash outflow from investing activities (4,028) (3,222) (516) (413)
Net cash (outflow)/inflow before financing (2,760) 2,053 (354) 263
Financing
New financing
24
7,970 1,569 1,021 201
Purchases of bonds and security deposits placed
24
(2,640) (2,068) (338) (265)
Loan and finance lease repayments
24
(1,897) (2,138) (243) (274)
Net cash benefit from financing arrangements 1,008 504 129 65
Shares repurchased and issued (259) (458) (33) (59)
Net cash inflow/(outflow) from financing 4,182 (2,591) 536 (332)
Increase/(decrease) in cash and cash equivalents 1,422 (538) 182 (69)
Cash and cash equivalents at 1st January 1,187 1,786 152 229
Effect of exchange differences (8) (61) (1) (8)
Cash and cash equivalents at 31st December
25
2,601 1,187 333 152
The US$ figures are for information only and are translated at HK$7.8.
CONSOLIDATED CASH FLOW STATEMENT
for the year ended 31st December 2001
The notes on pages 36 to 61 form part of these accounts.