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84 <strong>The</strong> <strong>Link</strong> Real Estate Investment Trust <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Consolidated Statement of Cash Flow<br />
For the year ended 31 March <strong>2007</strong><br />
Period from<br />
6 September 2005<br />
to 31 March 2006<br />
(Operational since<br />
Year ended 25 November 2005,<br />
31 March <strong>2007</strong> the listing date)<br />
Note HK$’M HK$’M<br />
Operating activities<br />
Net cash generated from operating activities 22 2,756 938<br />
Investing activities<br />
Acquisition of retail and carpark business – (33,798)<br />
Additions to investment properties 13 (271) (21)<br />
Additions to property, plant and equipment 14 (29) (9)<br />
Interest income received 50 3<br />
Increase in time deposits with original maturity over three months (1,022) (453)<br />
Net cash used in investing activities (1,272) (34,278)<br />
Financing activities<br />
Proceeds from issuance of new units – 21,634<br />
Proceeds from interest bearing liabilities, net of transaction costs 12,173 12,169<br />
Repayment of interest bearing liabilities (12,169) –<br />
Interest expenses paid on interest bearing liabilities (580) (149)<br />
Distributions paid to unitholders (1,169) –<br />
Net cash (used in)/generated from financing activities (1,745) 33,654<br />
Net (decrease)/increase in cash and cash equivalents (261) 314<br />
Cash and cash equivalents at beginning of the year/period 314 –<br />
Cash and cash equivalents at end of the year/period 53 314<br />
<strong>The</strong> above consolidated statement of cashflow should be read with the accompanying notes to these consolidatedfinancial<br />
statements.