Cathay Pacific 2007 Annual Report Download - page 51

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Consolidated Cash Flow Statement
for the year ended 31st December 2007
Note
2007
HK$M
2006
HK$M
2007
US$M
2006
US$M
Operating activities
Cash generated from operations 22 16,101 11,122 2,064 1,426
Dividends received from associates 12 274 241 35 31
Interest received 322 267 41 34
Net interest paid (1,454) (1,006) (186) (129)
Tax paid (2,075) (2,107) (266) (270)
Net cash inflow from operating activities 13,168 8,517 1,688 1,092
Investing activities
Purchase of a subsidiary –94 –12
Sales of fixed assets 81 58 10 7
Net (increase)/decrease in long-term receivables
and investments (2) 41 –5
Receipts from repayment of loan and capital reduction
from associates –1––
Payments for fixed and intangible assets (9,801) (5,311) (1,256) (680)
Payment for investment in an associate (214) (4,082) (27) (523)
Net increase in liquid funds other than cash and
cash equivalents (4,377) (110) (561) (14)
Net cash outflow from investing activities (14,313) (9,309) (1,834) (1,193)
Financing activities
New financing 7,217 11,058 925 1,418
Net cash benefit from financing arrangements 987 358 127 46
Shares issued 20 32 52 47
Loan and finance lease repayments (3,710) (5,786) (476) (742)
Security deposits placed (111) (210) (14) (27)
Dividends paid – to shareholders (2,245) (2,992) (288) (384)
– to minority interests (161) (286) (21) (37)
Net cash inflow from financing activities 2,009 2,194 257 281
Increase in cash and cash equivalents 864 1,402 111 180
Cash and cash equivalents at 1st January 5,767 4,267 739 547
Effect of exchange differences 142 98 18 12
Cash and cash equivalents at 31st December 23 6,773 5,767 868 739
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 54 to 89 form part of these accounts.
Cathay Pacific Airways Limited Annual Report 2007 49