Annual Report 2009 - Greentown China Holdings Limited
Annual Report 2009 - Greentown China Holdings Limited
Annual Report 2009 - Greentown China Holdings Limited
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Consolidated Statement of Cash Flows<br />
For the year ended 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
Notes RMB’000 RMB’000<br />
INVESTING ACTIVITIES<br />
Purchase of property, plant and equipment (676,620) (297,258)<br />
Proceeds from disposal of property, plant and equipment 5,580 12,609<br />
Increase in prepaid lease payment (6,557) (6,777)<br />
Investments in associates (190,700) (321,485)<br />
Investments in jointly controlled entities (40,000) –<br />
Dividends received from associates and jointly controlled entities 559,101 19,260<br />
Proceeds from disposal of interests in associates – 38,909<br />
Acquisition of subsidiaries (net of cash and cash equivalents acquired) 31 270,335 (75,722)<br />
Purchase of additional interests in subsidiaries (9,200) (217,873)<br />
De-consolidation of a subsidiary 27 (246,150) –<br />
Proceeds from disposal of subsidiaries<br />
(net of cash and cash equivalents disposed of) 32 (336,363) –<br />
Proceeds from partial disposal of subsidiaries 6,460 89,036<br />
Advance to third parties (583,348) (12,478)<br />
Advance to related parties (709,439) (435,814)<br />
(Increase) decrease in pledged bank deposits (2,156,605) 286,065<br />
Interest received 139,461 54,906<br />
Purchase of available-for-sale investments (195,574) (7,500)<br />
NET CASH USED IN INVESTING ACTIVITIES (4,169,619) (874,122)<br />
FINANCING ACTIVITIES<br />
Bank and other borrowings raised 18,631,024 7,186,555<br />
Repayment of bank and other borrowings (7,691,641) (3,107,911)<br />
Advance from related parties 839,546 654,182<br />
Contribution by minority shareholders of subsidiaries 993,873 277,140<br />
Interest paid (1,709,556) (1,285,240)<br />
Dividends paid to owners of the Company (406,910) (438,283)<br />
Dividends paid to minority interests (34,268) (9,740)<br />
Repurchase of senior notes (2,122,427) –<br />
Redemption of 2006 Convertible Bonds (84,497) –<br />
Proceeds from issue of share options 12,214 –<br />
Proceeds from exercise of share options 11,430 –<br />
NET CASH FROM FINANCING ACTIVITIES 8,438,788 3,276,703<br />
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,907,773 (1,372,782)<br />
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF YEAR 1,498,021 2,876,925<br />
Effects of exchange rate changes on the balance of cash held<br />
in foreign currencies (447) (6,122)<br />
CASH AND CASH EQUIVALENTS AT THE END OF YEAR 9,405,347 1,498,021<br />
REPRESENTED BY BANK BALANCES AND CASH 9,405,347 1,498,021<br />
<strong>Greentown</strong> <strong>China</strong> <strong>Holdings</strong> <strong>Limited</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong> 103
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