Cathay Pacific 2002 Annual Report Download - page 39

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36 Cathay Pacific Airways Limited Annual Report 2002
Consolidated Cash Flow Statement
for the year ended 31st December 2002
2002 2001 2002 2001
Note
HK$M HK$M US$M US$M
Operating activities
Cash generated from operations
23
9,300 4,613 1,192 591
Interest received 103 139 13 18
Net interest paid (1,021) (1,250) (131) (160)
Tax paid (394) (348) (50) (45)
Dividends received from associated companies 133 77 17 10
Net cash inflow from operating activities 8,121 3,231 1,041 414
Investing activities
Sales of fixed assets 623 105 80 13
Payments for fixed and intangible assets (2,790) (7,305) (358) (936)
Net decrease in long-term receivables and investments 110 48 14 6
Receipts from disposal of partial interest in a
subsidiary company 148
-
19
-
Receipts from disposal of an associated company 5
-
1
-
Purchase of minority interest in a subsidiary company (194)
-
(25)
-
(Investments)/sales of funds with investment managers (2,484) 2,105 (319) 270
Sales of other liquid investments 150 934 19 120
Net (increase)/decrease in short-term deposits maturing
beyond three months (11) 81 (1) 10
Repayment of loans from an associated company 4411
Net cash outflow from investing activities (4,439) (4,028) (569) (516)
Financing activities
New financing 2,451 7,970 314 1,021
Security deposits placed (774) (2,640) (99) (338)
Loan and finance lease repayments (3,965) (1,897) (508) (243)
Net cash benefit from financing arrangements
-
1,008
-
129
Shares repurchased and issued 46 (259) 6(33)
Dividends paid
-
to shareholders (701) (1,915) (90) (246)
-
to minority interests (39) (48) (5) (6)
Net cash (outflow)/inflow from financing activities (2,982) 2,219 (382) 284
Increase in cash and cash equivalents 700 1,422 90 182
Cash and cash equivalents at 1st January 2,601 1,187 333 152
Effect of exchange differences 121 (8) 16 (1)
Cash and cash equivalents at 31st December
24
3,422 2,601 439 333
The US$ figures are for information only and are translated at HK$7.8.
The notes on pages 39 to 61 form part of these accounts.