Group Note 2024 2023 $’000 $’000 Cash flows from investing activities Acquisition of subsidiaries (net of cash acquired) 39 (345,583) (635,888) Deposit placed for acquisition of investment properties (6,865) – Deposit placed for acquisition of property, plant and equipment (1,208) – Dividends received: – associates 41,383 33,030 – joint ventures 50,440 42,331 – financial investments 5,319 6,177 Increase in investments in associates – (132,733) Increase in investments in joint ventures (41,244) (22,610) Return of capital from a joint venture and an associate 10,932 9,330 Increase in amounts owing by equity-accounted investees (51,562) (209,177) Interest received 78,723 67,020 Payments for capital expenditure on investment properties (467,735) (232,137) Payments for purchase of property, plant and equipment (185,292) (279,586) Payments for purchase of investment properties (214,838) (618,621) Proceeds from sale of property, plant and equipment and investment properties 162,752 139,278 Proceeds from disposal of a subsidiary, net of cash disposed 39 97,167 – Purchase of financial assets (net) (131,073) (79,222) Proceeds from distributions from and redemption of investments in financial assets 6,170 18,897 Settlement of financial derivatives 9,521 33,767 Net cash used in investing activities (982,993) (1,860,144) Cash flows from financing activities Acquisition of non-controlling interests 39 (73,913) (168) Dividends paid (126,270) (206,240) Payment of lease liabilities and finance lease payables (26,871) (24,701) Interest paid (including amounts capitalised in property, plant and equipment, investment properties and development properties) (586,853) (459,245) Net decrease in amounts owing to related parties and non-controlling interests (97,622) (163,787) Net proceeds from revolving credit facilities 291,458 266,971 Decrease/(Increase) in restricted cash 3,239 (20,364) Payment of financing transaction costs (14,331) (9,263) Purchase of own preference shares (23,227) (25,808) Purchase of treasury shares (79,399) – Proceeds from bank borrowings 2,366,474 2,023,181 Repayment of bank borrowings (1,590,598) (875,405) Proceeds from issuance of bonds and notes 1,540,312 668,800 Repayment of bonds and notes (890,000) (448,000) Net cash from financing activities 692,399 725,971 Net increase/(decrease) in cash and cash equivalents 639,079 (183,820) Cash and cash equivalents at beginning of the year 2,044,198 2,248,147 Effect of exchange rate changes on balances held in foreign currencies (13,625) (20,129) Cash and cash equivalents at end of the year 18 2,669,652 2,044,198 The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December 2024 ANNUAL REPORT 2024 FINANCIALS 99
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