ESR IR 2021 - EN

48 STEP FORWARD Condensed Consolidated Statement of Cash Flows For the six months ended 30 June 2021 For the six months ended 30 June 2021 2020 (Unaudited) (Unaudited) Notes US$’000 US$’000 Cash flows from operating activities Profit before tax 287,610 192,403 Adjustments for: Amortisation of other intangible assets 5 3,238 2,635 Changes in carrying value of financial assets and financial liabilities at fair value through profit or loss 4 8,005 (978) Depreciation of property, plant and equipment 5 1,770 1,547 Depreciation of right-of-use assets 5 3,258 2,951 Dilution of interests in investment in a joint venture 4 – 2,320 Dividend income 4 (43,006) (35,839) Equity-settled share option expense 5 5,172 8,078 Fair value gains on completed investment properties 4 (63,253) (26,063) Fair value gains on investment properties under construction 4 (102,648) (99,708) Finance costs 6 79,810 71,659 Gain on disposal of asset held for sale 4 (3,035) – Gain on disposal of interests in a joint venture and an associate 4 (5,289) – Gain on disposal of subsidiaries 4 – (5,494) Interest income 4 (2,236) (1,769) Loss on disposal of property, plant and equipment 5 – 53 Share of profits and losses of joint ventures and associates, net (78,149) (43,776) 91,247 68,019 Increase in trade receivables (32,277) (15,397) (Increase)/Decrease in prepayments, other receivables and other assets (3,353) 17,539 Decrease in trade payables, accruals and other payables (23,209) (20,410) Cash flows generated from operations 32,408 49,751 Income tax paid (24,335) (23,600) Net cash flows generated from operating activities 8,073 26,151