OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX Consolidated Statement of Cash Flows Year ended 31 December 2023 The accompanying notes form an integral part of these financial statements. Note 2023 2022 $’000 $’000 Cash flows from financing activities Capital injection by non-controlling interests 386 1,663 Changes in non-trade amounts due to an affiliated company (56,878) (4,589) Changes in non-trade amounts due to joint ventures 3,338 9,291 Changes in non-trade amounts due to non-controlling interests (11,124) 71,248 Changes in non-trade amounts due to immediate holding company 333,703 – Changes in non-trade amounts due to related corporation (8,168) – Dividends paid to owners of the Company (3,300) (1,200) Dividends paid to non-controlling interests (53,547) (204) Interest paid (241,864) (114,067) Payment of lease liabilities (339) (339) Payment of upfront debt arrangement costs (8,698) (8,962) Proceeds from loans and borrowings 754,778 532,516 Repayment of loans and borrowings (718,937) (406,287) Net cash (used in)/from financing activities (10,650) 79,070 Net increase in cash and cash equivalents 123,755 2,838 Cash and cash equivalents at beginning of the year 94,770 99,203 Effect of exchange rate fluctuations on cash held (2,103) (7,271) Cash and cash equivalents at end of the year 11 216,422 94,770 Significant non-cash transactions For the year ended 31 December 2023, the Group has the following significant non-cash transactions: • Partial proceeds from the disposal of a subsidiary of $41,165,000 were reinvested into an associate of the Group; and • The investment in a joint venture of $16,827,000 and loan to a joint venture of $25,772,000 were set-off with the transfer of property, plant and equipment of $42,599,000 into a newly incorporated invested entity; and • The loans to joint venture of $177,605,000 were converted into redeemable preference shares (“RPS”). 157 ANNUAL REPORT 2023
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