Annual Report 2024

196 2024 Annual Report Transport International Holdings Limited CONSOLIDATED CASH FLOW STATEMENT For the year ended 31 December 2024 (Expressed in Hong Kong dollars) 2024 2023 Note $’000 $’000 Operating activities Cash generated from operations 24(c) 1,540,831 1,420,607 Interest received 89,298 89,643 Interest paid (92,845) (112,427) Tax paid – Hong Kong Profits Tax (21,789) (30,704) – Withholding tax outside Hong Kong (177) (283) Net cash generated from operating activities 1,515,318 1,366,836 Investing activities Decrease/(increase) in restricted bank deposits 72,031 (4,660) Increase in bank deposits with original maturities of over three months (204,983) (267,924) Decrease in loan receivables 13,194 – Payment for the purchase of other property, plant and equipment (889,878) (1,118,021) Payment for additions of investment property under development (146,682) (357,023) Payment for the purchase of other financial assets (170,581) (93,814) Receipt of government grant for the purchase of other property, plant and equipment 81,224 27,763 Receipt of government grant for the disposal of other property, plant and equipment 14,064 7,748 Proceeds from the disposal of other property, plant and equipment 8,110 7,102 Proceeds on the maturity of debt securities 415,028 125,276 Dividends received from associates 3,544 5,663 Dividends received from equity investments 86,520 45,816 Finance costs paid and capitalised into investment property under development (106,252) (92,612) Net cash used in investing activities (824,661) (1,714,686) Financing activities Proceeds from new bank loans 24(d) 2,950,000 6,185,000 Repayment of bank loans 24(d) (3,382,500) (6,515,000) Loan repaid by a joint venture 9,320 10,737 Capital element of lease rentals paid 24(d) (4,312) (2,584) Interest element of lease rentals paid 24(d) (317) (290) Dividends paid to equity shareholders of the Company (116,293) (190,517) Net cash used in financing activities (544,102) (512,654) Net increase/(decrease) in cash and cash equivalents 146,555 (860,504) Cash and cash equivalents at 1 January 497,023 1,356,796 Effect of foreign exchange rate changes (4,847) 731 Cash and cash equivalents at 31 December 24(a) 638,731 497,023