Cathay Pacific 2014 Annual Report Download - page 56

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Cathay Pacific Airways Limited
54 Consolidated Statement of Cash Flows
for the year ended 31st December 2014
Note
2014
HK$M
2013
HK$M
2014
US$M
2013
US$M
Operating activities
 Cash generated from operations 25 12,274 14,163 1,574 1,815
 Interest received 198 178 25 23
 Net interest paid (792) (774) (101) (99)
 Tax paid (1,395) (891) (179) (114)
Net cash inflow from operating activities 10,285 12,676 1,319 1,625
Investing activities
 Net decrease/(increase) in liquid funds other than cash and
  cash equivalents 4,540 (3,947) 582 (506)
 Proceeds from scrap/sales of fixed assets 1,864 2,030 239 260
 Proceeds from sales of assets held for sale 97 882 12 113
 Net (increase)/decrease in other long-term receivables and
  investments (52) 62 (6) 8
 Payments for fixed and intangible assets (14,818) (20,534) (1,900) (2,633)
 Dividends received from associates 221 273 28 35
 Purchases of shares in an associate (1,240) (636) (159) (81)
 Loans to associates (1,377) –(176) –
Net cash outflow from investing activities (10,765) (21,870) (1,380) (2,804)
Financing activities
 New financing 10,006 16,348 1,283 2,096
 Net cash benefit from financing arrangements 1,195 1,474 153 189
 Loan and finance lease repayments (11,309) (8,193) (1,450) (1,050)
 Security deposits placed (42) (39) (5) (5)
 Dividends paid – to the shareholders of Cathay Pacific (1,022) (551) (131) (71)
– to non-controlling interests (292) (278) (38) (36)
Net cash (outflow)/inflow from financing activities (1,464) 8,761 (188) 1,123
Decrease in cash and cash equivalents (1,944) (433) (249) (56)
Cash and cash equivalents at 1st January 12,359 12,798 1,584 1,641
Effect of exchange differences (204) (6) (26) (1)
Cash and cash equivalents at 31st December 26 10,211 12,359 1,309 1,584
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 56 to 97 and the principal accounting policies on pages 98 to 101 form part of these financial statements.