Group Cash Flows
|
CITIC Limited Year ended 31 December |
CITIC Limited Year ended 31 December |
|||||||
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Increase/ |
|
|
|
Increase/ |
|
|
HK$ million |
2018 |
2017 |
(Decrease) |
% |
2018 |
2017 |
(Decrease) |
% |
|
Net cash generated from operating activities |
151,899 |
107,133 |
44,766 |
42% |
121,123 |
62,337 |
58,786 |
94% |
|
Net cash used in investing activities |
(177,691) |
(186,601) |
8,910 |
4.8% |
(171,147) |
(154,126) |
(17,021) |
(11%) |
|
Including: Proceeds from disposal and redemption of financial investments |
1,691,875 |
1,214,792 |
477,083 |
39% |
1,652,604 |
1,161,160 |
491,444 |
42% |
|
Payments for purchase of financial investments |
(1,845,989) |
(1,374,211) |
(471,778) |
(34%) |
(1,817,692) |
(1,304,519) |
(513,173) |
(39%) |
|
Net cash generated from financing activities |
79,014 |
53,350 |
25,664 |
48% |
87,652 |
45,473 |
42,179 |
93% |
|
Including: Proceeds from new bank and other loans and new debt instruments issued |
1,229,775 |
1,117,983 |
111,792 |
10% |
1,091,664 |
994,755 |
96,909 |
10% |
|
Repayment of bank and other loans and debt instruments issued |
(1,088,334) |
(1,024,877) |
(63,457) |
(6.2%) |
(965,078) |
(923,922) |
(41,156) |
(4.5%) |
|
Interest paid on bank and other loans and debt instruments issued |
(38,103) |
(31,797) |
(6,306) |
(20%) |
(25,850) |
(20,404) |
(5,446) |
(27%) |
|
Dividends paid to ordinary shareholders |
(11,637) |
(9,891) |
(1,746) |
(18%) |
(17,042) |
(14,002) |
(3,040) |
(22%) |
|
Dividends/distribution paid to non-controlling interests/ holders of perpetual capital securities |
(9,738) |
(8,838) |
(900) |
(10%) |
– |
– |
– |
– |
|
Net increase/(decrease) in cash and cash equivalents |
53,222 |
(26,118) |
79,340 |
304% |
37,628 |
(46,316) |
83,944 |
181% |
|
Cash and cash equivalents at 1 January |
491,363 |
494,179 |
(2,816) |
(0.6%) |
404,248 |
430,801 |
(26,553) |
(6.2%) |
|
Effect of exchange rate changes |
(21,777) |
23,302 |
(45,079) |
(193%) |
(12,740) |
19,763 |
(32,503) |
(164%) |
|
Cash and cash equivalents at 31 December |
522,808 |
491,363 |
31,445 |
6.4% |
429,136 |
404,248 |
24,888 |
6.2% |
Capital Expenditure
|
Year ended 31 December |
Increase/(Decrease) |
|||
|---|---|---|---|---|
|
HK$ million |
2018 |
2017 |
Amount |
% |
|
Financial services |
7,651 |
14,880 |
(7,229) |
(49%) |
|
Resources and energy |
7,001 |
5,429 |
1,572 |
29% |
|
Manufacturing |
7,832 |
5,861 |
1,971 |
34% |
|
Engineering contracting |
2,952 |
1,784 |
1,168 |
65% |
|
Real estate |
2,318 |
2,436 |
(118) |
(4.8%) |
|
Others |
16,048 |
14,933 |
1,115 |
7.5% |
|
Total |
43,802 |
45,323 |
(1,521) |
(3.4%) |
Capital Commitments
As at 31 December 2018, the contracted capital commitments of the Group amounted to approximately HK$28,970 million. Details are disclosed in note 50 (f) to the financial statements.
Group Financial Position