Annual Report 2021

CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 84 Consolidated Statement of Cash Flows For the year ended 31 December 2021 Note 2021 2020 HK$’million HK$’million Net cash inflow/(outflow) before financing activities brought forward 4,703 (341) Cash flows (used in)/from financing activities Proceeds from bank loans 5,906 18,976 Advance from an associate 200 — Loans from fellow subsidiaries 368 224 Loan from immediate holding company 299 491 Repayment of bank loans (8,768) (17,019) Interests paid (1,522) (1,782) Dividends paid to ordinary shareholders (1,194) (742) Dividends paid to non-controlling equity holders of subsidiaries (386) (687) Distribution paid to holders of perpetual capital securities (223) — Repayment of advance from an associate (145) — Repayment of loans from fellow subsidiaries (376) (828) Repayment of notes payable (185) (1,551) Repayment of lease liabilities (103) (134) Acquisition of additional interests in subsidiaries 19(b) — (835) Proceeds from disposal of partial interests in subsidiaries 19(c) — 2,077 Net proceeds on issue of perpetual capital securities 29 — 6,185 Net cash (used in)/generated from financing activities (6,129) 4,375 (Decrease)/increase in cash and cash equivalents (1,426) 4,034 Cash and cash equivalents at 1 January 11,217 6,939 Effect of foreign exchange rate changes 183 244 Cash and cash equivalents at 31 December,represented by cash and bank balances 9,974 11,217