Annual Report 2019

CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 December 2019 47 The United Laboratories International Holdings Limited Annual Report 2019 2019 2018 Note RMB’000 RMB’000 Investing activities Prepaid lease payments made – (22,574) Payments for purchase of property, plant and equipment (374,977) (477,570) Payment for deposits of acquisition of property, plant and equipment (56,426) (34,051) Payments for leasehold land (9,056) – Proceeds on disposal of property, plant and equipment 7,380 31,971 Placement of pledged bank deposits (3,268,497) (1,586,327) Withdrawal of pledged bank deposits 3,099,195 1,518,259 Placement of other pledged deposits (31,423) – Withdrawal of other pledged deposits 46,737 51,709 Receipts of government grants 11,111 13,328 Interest received 51,156 22,636 Proceeds from disposal of a subsidiary 10 100,000 – Additions to intangible assets (8,447) (20,784) Net cash used in investing activities (433,247) (503,403) Financing activities Interest paid (215,754) (203,573) Dividend paid (98,383) (84,443) Repayment of obligations under finance leases – (285,238) Repayment of lease liabilities (114,991) – New borrowings raised 3,732,147 955,697 Repayment of borrowings (2,985,288) (1,204,913) Net cash from (used in) financing activities 317,731 (822,470) Net increase (decrease) in cash and cash equivalents 1,685,668 (112,634) Effect of foreign exchange rate changes (2,745) 762 Cash and cash equivalents at beginning of the year 1,481,896 1,593,768 Cash and cash equivalents at end of the year 3,164,819 1,481,896 Represented by: Bank balances and cash 3,164,819 1,578,540 Bank overdraft – (96,644) 3,164,819 1,481,896