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Glorious Property
92
Annual Report 2011
Consolidated Statement of Cash Flows
Year ended 31 December 2011
RMB’000
Note
2011
2010
Cash flows from operating activities
Cash generated from/(used in) operations
34
796,364
(5,712,938)
Income tax paid
(453,677)
(332,917)
Interest paid
(1,786,517)
(1,291,359)
Net cash used in operating activities
(1,443,830)
(7,337,214)
Cash flows from investing activities
Purchases of property, plant and equipment
(170,567)
(93,651)
Purchase of intangible asset
—
(1,800)
Payments for the construction of investment properties
(657,319)
(169,068)
Proceeds from disposals of property, plant and equipment
1,050
3,520
Interest received
51,271
18,526
Advances to a third party
(190,965)
—
Net cash used in investing activities
(966,530)
(242,473)
Cash flows from financing activities
Capital injection from non-controlling shareholder of a subsidiary
8,000
—
Proceeds from borrowings
9,544,110
10,156,260
Repayment of borrowings
(8,490,850)
(3,137,238)
Dividend paid
—
(233,779)
Advances received from third parties
119,850
—
Changes in restricted cash
(1,900,000)
—
Net cash (used in)/generated from financing activities
(718,890)
6,785,243
Net decrease in cash and cash equivalents
(3,129,250)
(794,444)
Cash and cash equivalents at beginning of the year
4,151,420
5,013,296
Exchange losses on cash and bank balances
(1,072)
(67,432)
Cash and cash equivalents at end of the year
17
1,021,098
4,151,420
The notes on pages 93 to 150 are an integral part of these consolidated financial statements.