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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Profit for the financial year $ 774,035 $ 793,275 $ 751,589
Adjustments for:      
income tax expense 4,418 6,251 6,678
depreciation and amortisation charges 215,111 211,027 209,219
gain on disposal of property plant and equipment and other investments (28,520) (56,087) (25,483)
interest income (16,317) (17,629) (6,977)
finance expense 64,106 95,124 96,075
share of profit of equity-accounted investees, net of tax (20,515) (19,073) (24,152)
equity-settled share-based payment transactions 2,960 2,822 1,760
Operating cash flow before working capital changes 995,278 1,015,710 1,008,709
Changes in working capital:      
intangible assets (5,919) 0 0
inventories 13,549 (17,773) (16,091)
trade and other receivables, and prepayments 86,140 (139,166) (259,619)
trade and other payables (49,170) 205,663 42,874
Cash generated from operations 1,039,878 1,064,434 775,873
Income tax paid (9,514) (3,628) (4,986)
Net cash provided by operating activities 1,030,364 1,060,806 770,887
Cash flows from investing activities      
Interest income received 12,459 13,583 4,172
Loan to joint ventures (13,207) (15,488) (11,500)
Acquisition of assets, net of cash acquired 0 0 4,195
Acquisition of other investments (861) (10,408) (324)
Equity investment in joint venture (2,217) (2,240) (1,814)
Return of investment in joint venture 1,360 0 0
Purchase of intangible assets (23) 0 (248)
Proceeds from disposal of property, plant and equipment 57,098 142,793 255,809
Proceeds from disposal of assets 0 0 15,882
Proceeds from disposal of other investments 2,343 0 0
Repayment of loan by joint venture company 22,540 23,975 0
Dividend received from joint venture 0 500 0
Dividend received from associated company 0 0 1,825
Purchase of property, plant and equipment (49,600) (184,392) (447,128)
Net cash provided by/(used in) investing activities 29,892 (31,677) (179,131)
Cash flows from financing activities      
Proceeds from borrowings from external financial institutions 110,000 247,030 440,257
Proceeds from borrowings from a related corporation 0 0 3,750
Repayment of borrowings to external financial institutions (109,136) (309,064) (415,901)
Repayment of borrowings to a related corporation 0 0 (22,500)
Repayment of borrowings to non-related parties 0 (5,429) (558)
Repayment of lease liabilities (201,191) (390,153) (231,086)
Payment of financing fees (1,085) (3,997) (1,990)
Interest paid to external financial institutions (41,683) (73,634) (87,843)
Interest paid to a third party 0 (5,707) (24)
Proceeds from exercise of employee share options 935 9,286 1,459
Proceeds from equity raise 0 0 97,780
Payment of equity raise costs 0 0 (1,170)
Dividends paid (699,883) (544,136) (243,748)
Repurchase of treasury shares (49,161) 0 0
Other finance expense paid (8,005) (11,129) (3,558)
Net cash used in financing activities (999,209) (1,086,933) (465,132)
Net increase/(decrease) in cash and cash equivalents 61,047 (57,804) 126,624
Cash and cash equivalents at beginning of the financial year 222,521 280,325 153,701
Cash and cash equivalents at end of the financial year 283,568 222,521 280,325
Cash and cash equivalents at end of the financial year comprises of:      
Cash at bank and on hand 195,271 141,621 174,440
Cash retained in the commercial pools 88,297 80,900 105,885
Cash and cash equivalents $ 283,568 $ 222,521 $ 280,325