FORWARD TOGETHER Consolidated Statement of Cash Flows For the year ended 31 December 2022 126 2022 2021 Notes US$’000 US$’000 Cash flows from operating activities Profit before tax 815,125 488,840 Adjustments for: Amortisation of other intangible assets 6 30,261 6,892 Changes in carrying value of financial assets and financial liabilities at fair value through profit or loss 5 (8,040) (14,182) Changes in carrying value of assets held for sale 5 (5,391) — Changes in fair value of derivative financial assets and liabilities 5 (6,191) — Depreciation of property, plant and equipment 6 5,589 3,706 Depreciation of right-of-use assets 6 12,013 6,539 Dividend income 5 (136,858) (62,464) Fair value gains on completed investment properties 5 (63,167) (95,825) Fair value gains on investment properties under construction 5 (132,264) (178,659) Finance costs 7 222,415 163,549 Gain on disposal of an asset held for sale 5 — (2,885) Gain on disposal of interests in joint ventures and associates 5 (11,116) (11,389) Gain on disposal of investment properties 5 (50,623) — Gain on disposal of other assets 5 (2,291) — Gain on disposal of subsidiaries 5 (48,659) (420) Impairment of other intangible assets 20 541 — Impairment of trade receivables and bad debt written off 15,017 — Interest income 5 (16,867) (5,328) Loss/(Gain) on disposal of interests in financial assets at fair value through profit or loss 5 883 (1,074) Loss on disposal of items of property, plant and equipment 6 1,115 1 Management fee received/receivable in units (68,051) — Other income (16,640) — Share-based compensation expense 6 26,543 14,818 Share of profits and losses of joint ventures and associates, net (226,716) (168,054) 336,628 144,065 Increase in trade receivables (156,608) (36,765) Increase in prepayments, other receivables and other assets (71,952) (44,702) Increase in trade payables, accruals and other payables 72,473 37,704 Cash flows generated from operations 180,541 100,302 Income tax paid (108,542) (25,153) Dividend income received from financial assets at fair value through profit or loss 1,130 — Proceeds from disposal of financial assets at fair value through profit or loss 6,073 — Net cash flows generated from operating activities 79,202 75,149
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