CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the six months ended 30 June 2022 For the six months ended 30 June 2022 2021 (Unaudited) (Unaudited) Notes US$’000 US$’000 Cash flows from operating activities Profit before tax 519,486 287,610 Adjustments for: Amortisation of other intangible assets 5 14,428 3,238 Changes in carrying value of financial assets and financial liabilities at fair value through profit or loss 4 34,852 8,005 Depreciation of property, plant and equipment 5 2,763 1,770 Depreciation of right-of-use assets 5 6,178 3,258 Dividend income 4 (107,178) (43,006) Share-based compensation expense 5 10,438 5,172 Fair value gains on completed investment properties 4 (43,249) (63,253) Fair value gains on investment properties under construction 4 (119,678) (102,648) Finance costs 6 99,308 79,810 Gain on disposal of assets held for sale 4 – (3,035) Loss on disposal of interests in financial assets at fair value through profit or loss 4 291 – Gain on disposal of interests in joint ventures and associates 4 (11,124) (5,289) Gain on disposal of investment properties 4 (32,722) – Gain on disposal of subsidiaries 4 (583) – Interest income 4 (5,028) (2,236) Loss on disposal of property, plant and equipment 5 367 – Share of profits and losses of joint ventures and associates, net (145,005) (78,149) 223,544 91,247 Increase in trade receivables (48,817) (32,277) Decrease/(Increase) in prepayments, other receivables and other assets 4,783 (3,353) Decrease in trade payables, accruals and other payables (29,140) (23,209) Cash flows generated from operations 150,370 32,408 Income tax paid (61,063) (24,335) Dividend income received from financial assets at fair value through profit or loss 503 – Proceeds from disposal of financial assets at fair value through profit or loss 1,831 – Net cash flows generated from operating activities 91,641 8,073 E S R G R O U P L I M I T E D I N T E R I M R E P O R T 2 0 2 2 47
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