Annual Report 2021

ANNUAL REPORT 2021 83 Consolidated Statement of Cash Flows For the year ended 31 December 2021 Note 2021 2020 HK$’million HK$’million Cash flows from operating activities Net cash inflow from operations 38(a) 6,551 4,536 Hong Kong Profits Tax paid (2) (5) PRC corporate income tax paid (652) (313) Overseas Profits Tax paid (310) (4) Withholding tax paid on dividends received (149) (154) Dividends received from associates and joint ventures 3,347 1,762 Net cash generated from operating activities 8,785 5,822 Cash flows used in investing activities Deemed disposal of a subsidiary 20 (38) — Repayment from associates 39 37 Proceeds from an associate 102 209 Interest income received 307 252 Investments in associates and joint ventures (1) (4) Purchase of property, plant and equipment and port operating rights (1,834) (1,789) Placement of other deposits and structured deposits (9,678) (5,138) Proceeds from withdrawal of other deposits and structured deposits 6,938 5,951 Capital contribution to an associate 20 — (3,055) Loans to associates 20 — (3,303) Cash and bank balances acquired through obtaining control of a non-wholly owned subsidiary 39 — 367 Proceeds from disposal of property, plant and equipment 23 25 Compensation received for resumption of land parcels at Shantou 60 180 Proceeds from share reduction in registered capital of an associate — 105 Net cash used in investing activities (4,082) (6,163) Net cash inflow/(outflow) before financing activities carried forward 4,703 (341)