Annual Report 2019

ANNUAL REPORT 2019 159 CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 March 2019 2019 2018 HK$’000 HK$’000 Financing activities Advances from shareholders of non-wholly owned subsidiaries 122,087 3,507 Payment of repurchase of shares (54,562) – Proceeds from issue of shares 3,826 29,198 Net proceeds on issue of notes – 1,156,383 Repayment of bonds (1,012,905) – New bank and other borrowings raised 11,931,345 6,587,313 Repayments of bank and other borrowings (6,444,568) (5,137,784) Payments of finance lease obligations (5,972) (4,156) (Repayment to) advance from a related company (17,691) 2,280 Advance from an associate 2,509 19,963 Advance from other parties 33,109 – (Repayment to) advance from a joint venture (3,177) 3,177 Dividends paid (268,432) (212,138) Interest paid (621,132) (484,803) Net cash from financing activities 3,664,437 1,962,940 Net decrease in cash and cash equivalents (531,991) (920,150) Cash and cash equivalents brought forward 3,043,562 3,893,339 Effect of foreign exchange rate changes (39,406) 70,373 Cash and cash equivalents carried forward 2,472,165 3,043,562 Analysis of the balances of cash and cash equivalents Bank balances and cash 2,470,604 3,031,929 Deposit in a financial institution 1,561 11,633 2,472,165 3,043,562