Annual Report 2023

90 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Consolidated Statement of Cash Flows For the year ended 31 December 2023 2023 2022 HK$’million HK$’million Net cash inflow before financing activities brought forward 9,807 4,957 Cash flows used in financing activities Proceeds from bank loans 22,634 21,466 Loans from fellow subsidiaries 535 119 Advance from associates 179 311 Capital contribution from non-controlling equity holders of a subsidiary 89 — Loan from immediate holding company — 217 Repayment of bank loans (12,463) (19,531) Repayment of notes payable (7,033) (6,860) Redemption of perpetual capital securities (4,690) — Interests paid (1,700) (1,686) Repayment of loan from immediate holding company (1,324) — Dividends paid to ordinary shareholders (1,248) (941) Acquisition of additional interests in a subsidiary (877) — Dividends paid to non-controlling equity holders of subsidiaries (434) (687) Repayment of loans from fellow subsidiaries (388) (178) Distribution paid to holders of perpetual capital securities (225) (224) Repayment of lease liabilities (96) (79) Repayment of advance from an associate (67) (198) Repayment of loan from non-controlling equity holders of a subsidiary — (549) Net proceeds on issue of notes payable — 3,916 Net cash used in financing activities (7,108) (4,904) Increase in cash and cash equivalents 2,699 53 Cash and cash equivalents at 1 January 9,625 9,974 Effect of foreign exchange rate changes (41) (402) Cash and cash equivalents at 31 December, represented by cash and bank balances 12,283 9,625