Annual Report 2019

113 ANNUAL REPORT 2019 Note 2019 2018 HK$’million HK$’million Net cash inflow/(outflow) before financing activities brought forward 3,900 (9,132) Cash flows (used in)/from financing activities Proceeds from bank loans 7,052 23,873 Net proceeds on issue of notes payable — 12,463 Loans from fellow subsidiaries 903 1,238 Loan from immediate holding company 1,032 — Capital contributions from non-controlling equity holders of subsidiaries 31 48 Dividends paid to ordinary shareholders (1,639) (1,802) Dividends paid to non-controlling equity holders of subsidiaries (213) (1,016) Interests paid (1,998) (1,685) Repayment of bank loans (7,042) (22,930) Repayment of notes payable (617) (2,337) Repayment of loans from shareholders — (178) Repayment of loan from immediate holding company (661) — Repayment of loans from fellow subsidiaries (490) (2,323) Repayment of loan from an associate (276) — Repayment of lease liabilities (116) — Repayment of capital contribution to a non-controlling equity holder (2) (2) Proceeds from disposal of partial interests in subsidiaries 21(b) 1,944 — Net cash (used in)/from financing activities (2,092) 5,349 Increase/(decrease) in cash and cash equivalents 1,808 (3,783) Cash and cash equivalents at 1 January 5,238 9,247 Effect of foreign exchange rate changes (107) (226) Cash and cash equivalents at 31 December, represented by cash and bank balances 6,939 5,238