ESR AR 2019 EN

Consolidated Statement of Cash Flows For the year ended 31 December 2019 130 Focused 2019 2018 Notes USD’000 USD’000 Cash flows from financing activities Proceeds from bank and other borrowings 30 2,079,976 584,812 Repayments of bank and other borrowings 30 (1,217,314) (195,500) Interest of bank and other borrowings paid 30 (122,887) (54,615) Increase in restricted cash 25 (2,766) (19,294) Release of restricted cash 25 1,022 – Acquisition of non-controlling interests (5,308) – Capital contribution from non-controlling shareholders 68,386 11,199 Distribution paid to non-controlling interests (80,655) – Distribution paid to holders of perpetual capital securities 43 (8,250) (8,192) Release of bank deposits pledged for bank loans 25 – 29,092 Increase in pledged bank deposits for bank loans 25 (1,089) – Proceeds from issue of shares 601,284 361,097 Share issue expenses (11,958) – Repurchase of perpetual capital securities 43 – (1,466) Redemption of redeemable convertible preference share 31 (228,000) – Interest of redeemable convertible preference shares paid 31 (39,010) (13,031) Repayments to related parties (2,166) (1,197) Dividend paid to non-controlling shareholder of a subsidiary (348) (612) Principal portion of lease payments 30 (6,478) (3,616) Net cash generated from financing activities 1,024,439 688,677 Net increase/(decrease) in cash and cash equivalents 323,995 (18,761) Cash and cash equivalents at beginning of year 502,056 526,988 Effect of foreign exchange rate changes, net 631 (6,171) Cash and cash equivalents at end of year 826,682 502,056 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Cash and bank balances 884,206 581,379 Non-pledged fixed time deposits with maturity period over three months 25 (881) (15,318) Restricted bank balances 25 (21,038) (19,294) Pledged bank deposits 25 (45,800) (44,711) Cash and short term deposits attributable to the disposal group held for sales 32 10,195 – Cash and cash equivalents as stated in the consolidated statement of cash flows 826,682 502,056