HSBC 2001 Annual Report Download - page 166

HSBC HOLDINGS PLC
Financial Statements (continued)
164
Consolidated cash flow statement for the year ended 31 December 2001
2001 2000 1999
N
ote US$m US$
m
US$
m
Net cash inflow from operating activities 41 12,915 15,223 21,544
Dividends received from associates 113 88 86
Returns on investments and servicing of finance:
Interest paid on finance leases and similar hire purchase
contracts .................................................................... (27) (26) (25)
Interest paid on subordinated loan capital..................... (1,116) (1,217) (809)
Dividends paid to minority interests:
– equity......................................................................... (472) (443) (668)
– non-equity ................................................................. (599) (105) (76)
Net cash (outflow) from returns on investments
and servicing of finance ............................................. (2,214) (1,791) (1,578)
Taxation paid ................................................................. (2,106) (2,290) (1,575)
Capital expenditure and financial investments:
Purchase of investment securities ................................. (148,826) (175,176) (108,376)
Proceeds from sale and maturities of investment securities
................................................................................... 145,361 180,044 91,385
Purchase of tangible fixed assets .................................. (1,873) (1,663) (1,169)
Proceeds from sale of tangible fixed assets................... 557 383 209
Net cash (outflow)/inflow from capital expenditure and
financial investments.................................................. (4,781) 3,588 (17,951)
Acquisitions and disposals:
Net cash (outflow)/inflow from acquisition of and increase
in stake in subsidiary undertakings............................ (834) 687 725
Net cash inflow from disposal of subsidiary undertakings
................................................................................... 26 333
–
Payment to Republic and Safra Republic shareholders –(9,733)
–
Purchase of interest in associated undertakings and other
participating interests ................................................ (154) (54) (123)
Proceeds from disposal of associated undertakings
and other participating interests................................. 79 138 28
Net cash (outflow)/inflow from acquisitions and
disposals ...................................................................... (883) (8,629) 630
Equity dividends paid.................................................... (3,528) (2,193) (1,938)
Net cash (outflow)/inflow before financing .................. (484) 3,996 (782)
Financing:
Issue of ordinary share capital ...................................... 112 164 3,088
Issue of perpetual preferred securities........................... –3,626
–
Own shares acquired by employee share ownership trust –(556)
–
Redemption of preference share capital (825)
–
–
Subordinated loan capital issued................................... 456 948 2,101
Subordinated loan capital repaid................................... (965) (708) (599)
Net cash (outflow)/inflow from financing .................... 42 (1,222) 3,474 4,590
(Decrease)/increase in cash............................................ 43 (1,706) 7,470 3,808
The accompanying notes are an integral part of the Consolidated Financial Statements