Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 158 For the year ended 31 March 2019 CONSOLIDATED STATEMENT OF CASH FLOWS 2019 2018 NOTES HK$’000 HK$’000 Investing activities Acquisition of subsidiaries, net of bank balances and cash acquired 38(a) (277,327) – Acquisition and development expenditures of property, plant and equipment (1,132,721) (475,323) Capital investment in associates (141,329) (273,069) Capital investment in joint ventures (125,100) (58,844) Purchase, development expenditures and additional cost of investment properties (553,445) (9,221) Acquisition of investment properties through acquisition of subsidiaries, net of bank balances and cash acquired 38(b) (533,493) – Purchase of available-for-sale investments – (159,172) Purchase of equity securities at FVTOCI (1,366,163) – Placement of structure deposits (166,205) – Withdrawal of structure deposits 270,936 – Purchase of debt securities (2,407,336) – Purchase of investment funds (1,492,366) – Proceeds from sale of debt securities 2,641,401 – Proceeds from sale of investment funds 1,311,203 – Proceeds from disposal of a subsidiary 38(c) – 400,605 Proceeds from disposal of associates 51,677 – Proceeds from disposal of investments properties 49,120 42,465 Proceeds from disposal of property, plant and equipment 711 20,254 Placement of pledged deposits (29,573) (728) Release of pledged deposits 15,656 7,763 Placement of restricted bank deposits (175,632) (1,515,124) Release of restricted bank deposits 1,547,760 267,803 Repayment from an associate 3,298 10,077 (Advance to) repayment from a joint venture (116,193) 1,773 Repayment from a joint venture – 77,313 Dividend and distribution received from associates and a joint venture 41,707 29,030 Bank interest received 16,654 16,930 Net cash used in investing activities (2,566,760) (1,617,468)