CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 December 2021 2021 2020 Notes US$’000 US$’000 Cash flows from operating activities Profit before tax 488,840 410,704 Adjustments for: Amortisation of other intangible assets 6 6,892 7,635 Changes in carrying value of financial assets and financial liabilities at fair value through profit or loss 5 (14,182) (50,963) Depreciation of property, plant and equipment 6 3,706 3,275 Depreciation of right-of-use assets 6 6,539 6,231 Dilution of interests in investment in a joint venture and financial assets at fair value through profit or loss 5 – 2,718 Dividend income 5 (62,464) (56,453) Equity-settled share option expense 6 14,818 14,082 Fair value gains on completed investment properties 5 (95,825) (53,717) Fair value gains on investment properties under construction 5 (178,659) (170,963) Finance costs 7 163,549 147,414 Gain on disposal of asset held for sale 5 (2,885) – Gain on disposal of interests in joint ventures and associates 5 (11,389) – Gain on disposal of interests in financial assets at fair value through profit or loss 5 (1,074) – Gain on disposal of investment properties 5 – (16,848) Gain on disposal of other assets 5 – (12,347) Gain on disposal of subsidiaries 5 (420) (4,675) Interest income 5 (5,328) (4,082) Loss on disposal of items of property, plant and equipment 6 1 75 Share of profits and losses of joint ventures and associates, net (168,054) (105,086) 144,065 117,000 Increase in trade receivables (36,765) (9,554) (Increase)/Decrease in prepayments, other receivables and other assets (44,702) 6,900 Increase/(Decrease) in trade payables, accruals and other payables 37,704 (9,259) Cash flows generated from operations 100,302 105,087 Income tax paid (25,153) (19,278) Net cash flows generated from operating activities 75,149 85,809 R E A C H I N G N E W H E I G H T S 134
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