Consolidated Statement of Cash Flows
For the year ended 30 June 2016
New World Development Company Limited
114
Financial Section
2016
2015
Notes
HK$m
HK$m
Cash flows from operating activities
Net cash generated from operations
45(a)
12,364.6
13,828.6
Hong Kong profits tax paid
(1,202.7)
(764.8)
Mainland China and overseas taxation paid
(3,155.9)
(3,217.2)
Net cash from operating activities
8,006.0
9,846.6
Cash flows from investing activities
Interest received
734.6
1,022.0
Dividends received from
Joint ventures
1,491.3
3,652.4
Associated companies
615.3
258.1
Available-for-sale financial assets, perpetual securities and a financial
asset at fair value through profit or loss
693.9
31.8
Additions of investment properties, property, plant and equipment,
intangible concession rights and intangible assets
(8,920.9)
(8,987.3)
(Increase)/decrease in interests in joint ventures
(2,578.4)
397.4
Increase in interests in associated companies
(1,678.9)
(3,716.5)
Increase in other non-current assets
(53.6)
(157.5)
Increase in short-term bank deposits maturing after more than three months
(23.9)
(7.8)
Refund of deposits from potential investments
–
2,375.0
Acquisition of subsidiaries (net of cash and cash equivalents)
45(c)
(14.2)
(3,398.9)
Purchase of available-for-sale financial assets, perpetual securities
and financial assets at fair value through profit or loss
(7,818.1)
(1,178.2)
Proceeds from disposal of
Associated companies
33.8
–
Available-for-sale financial assets and financial assets at fair value
through profit or loss
1,508.0
715.2
Investment properties, property, plant and equipment and intangible
concession rights and their related assets and liabilities
1,996.8
572.7
Joint ventures
189.5
–
Non-current assets classified as assets held for sale
2,894.2
382.5
Subsidiaries (net of cash and cash equivalents)
45(e)
11,538.6
9,686.9
Net cash from investing activities
608.0
1,647.8
Cash flows from financing activities
Issue of fixed rate bonds and notes payable, net of transaction costs
8,590.0
7,907.3
Redemption of fixed rate bonds
–
(6,558.6)
New bank and other loans
43,570.8
22,135.3
Repayment of bank and other loans
(31,776.6)
(26,421.4)
Decrease in loans from non-controlling shareholders
(1,439.7)
(576.5)
Increase in restricted bank balances
(92.2)
(16.1)
Increase in interests in subsidiaries
(23,975.1)
–
Issue of shares
3.6
148.3
Contributions from non-controlling interests
130.9
–
Interest paid
(5,654.0)
(4,869.4)
Dividends paid to shareholders of the Company
(1,019.2)
(864.7)
Dividends paid to non-controlling shareholders
(863.0)
(4,562.6)
Net cash used in financing activities
(12,524.5)
(13,678.4)
Net decrease in cash and cash equivalents
(3,910.5)
(2,184.0)
Cash and cash equivalents at beginning of the year
58,860.5
61,077.4
Translation differences
(652.5)
(32.9)
Cash and cash equivalents at end of the year
54,297.5
58,860.5
Analysis of cash and cash equivalents
Cash at banks and on hand
33
30,129.1
22,954.4
Short-term bank deposits maturing within three months
24,155.9
35,741.1
Cash and bank balances of subsidiaries transferred to non-current assets
classified as assets held for sale
35(a)
12.5
165.0
54,297.5
58,860.5