CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 December 2021 2021 2020 Notes US$’000 US$’000 Cash flows from financing activities Acquisition of non-controlling interests (744) – Capital contribution from non-controlling interests 33,068 3,103 Distribution paid to holders of perpetual capital securities (5,835) (4,125) Dividend distributions to non-controlling interests (56,311) (29,482) Increase in restricted cash (30,298) (38,403) Increase in pledged bank deposits for bank loans (2,536) (3,809) Interest of bank and other borrowings paid 29 (166,623) (147,145) Principal portion of lease payments 29 (7,450) (6,834) Proceeds from bank and other borrowings 29 1,944,651 992,998 Proceeds from exercise of employees share options – 1,158 Proceeds from issuance of convertible bonds, net of transaction costs – 345,041 Proceeds from issuance of perpetual capital securities, net of transaction costs 41 256,318 – Redemption of perpetual capital securities, net – (98,600) Repayments of bank and other borrowings 29 (753,032) (399,681) Release of restricted cash 21,189 – Share repurchased (42,082) (894) Transfer of interest to non-controlling interests without change of control 66,324 – Net cash generated from financing activities 1,256,639 613,327 Net increase in cash and cash equivalents 173,081 550,980 Cash and cash equivalents at beginning of year 1,404,068 826,682 Effect of foreign exchange rate changes, net (59,616) 26,406 Cash and cash equivalents at end of year 1,517,533 1,404,068 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Cash and bank balances 1,638,228 1,515,430 Non-pledged fixed time deposits with a maturity period over three months 24 – (2,312) Pledged bank deposits 24 (52,145) (49,609) Restricted bank balances 24 (68,550) (59,441) Cash and cash equivalents as stated in the consolidated statement of cash flows 1,517,533 1,404,068 R E A C H I N G N E W H E I G H T S 136
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