Annual Report 2023

196 2023 Annual Report Transport International Holdings Limited CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 December 2023 (Expressed in Hong Kong dollars) 2023 2022 $’000 $’000 Note (restated) Operating activities Cash generated from operations 24(c) 1,420,607 809,145 Interest received 89,643 77,302 Interest paid (112,427) (31,106) Tax paid – Hong Kong Profits Tax (30,704) (4,743) – The People’s Republic of China (“PRC”) withholding tax (283) (978) Net cash generated from operating activities 1,366,836 849,620 Investing activities Increase in restricted bank deposits (4,660) (31,142) Increase in bank deposits with original maturities of over three months (267,924) (442,796) Increase in loan receivables – (30,001) Payment for the purchase of other property, plant and equipment (1,118,021) (971,010) Payment for other additions of investment properties and investment property under development (357,023) (738,391) Payment for the purchase of intangible assets – (109,361) Payment for the purchase of other financial assets (93,814) (439,012) Receipt of government grant for the purchase of other property, plant and equipment 27,763 96,846 Receipt of government grant for the disposal of other property, plant and equipment 7,748 3,409 Proceeds from the disposal of other property, plant and equipment 7,102 6,094 Proceeds on the maturity of debt securities 125,276 599,073 Dividends received from associates 5,663 19,159 Dividends received from equity investments 45,816 32,500 Finance costs paid and capitalised into investment property under development (92,612) (36,834) Net cash used in investing activities (1,714,686) (2,041,466) Financing activities Proceeds from new bank loans 24(d) 6,185,000 5,355,000 Repayment of bank loans 24(d) (6,515,000) (3,520,000) Loan repaid by a joint venture 10,737 7,861 Capital element of lease rentals paid 24(d) (2,584) (3,620) Interest element of lease rentals paid 24(d) (290) (92) Dividends paid to equity shareholders of the Company (190,517) (116,909) Net cash (used in)/generated from financing activities (512,654) 1,722,240 Net (decrease)/increase in cash and cash equivalents (860,504) 530,394 Cash and cash equivalents at 1 January 1,356,796 825,787 Effect of foreign exchange rate changes 731 615 Cash and cash equivalents at 31 December 24(a) 497,023 1,356,796