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CITIC LIMITED
Consolidated Cash Flow Statement
For the six months ended 30 June 2016
/ 40
Unaudited
Six months ended 30 June
2016
2015
Note
HK$ million
HK$ million
(Restated)
Cash flows from operating activities
Profit before taxation from continuing operations
48,495
62,767
Adjustments for:
– Depreciation and amortisation
9(b)
5,570
5,726
– Impairment losses
28,470
21,662
– Net valuation gain on investment properties
(171)
(382)
– Net valuation gain on investments
(210)
(241)
– Share of profits of associates and joint ventures, net of tax
(1,825)
(3,764)
– Interest expenses on debt instruments issued
5(a)
7,819
4,816
– Finance income
8
(534)
(1,280)
– Finance costs
8
3,624
4,947
– Net gain on available-for-sale financial assets
(2,019)
(3,525)
– Net gain on disposal of subsidiaries,
associates and joint ventures
(2,029)
(13,160)
87,190
77,566
Changes in working capital
(Increase)/decrease in deposits with central banks
and non-bank financial institutions
(12,918)
30,273
Increase in placements with banks and
non-bank financial institutions
(2,652)
(31,016)
Increase in financial assets at fair value through
profit or loss and derivative financial assets
(32,322)
(8,528)
Increase in trade and other receivables
(8,893)
(13,526)
Decrease/(increase) in amounts due from
customers for contract work
783
(219)
Increase in inventories
(5,012)
(3,975)
Decrease in financial assets held under resale agreements
51,404
72,454
Increase in loans and advances to
customers and other parties
(286,866)
(170,120)
Increase in investments classified as receivables
(78,840)
(314,781)
Increase in other assets
(42,130)
(14,387)
Increase in deposits from banks and
non-bank financial institutions
89,970
273,120
(Decrease)/increase in placements from
banks and non-bank financial institutions
(210)
1,026
Increase/(decrease) in financial liabilities at fair value
through profit or loss and derivative financial liabilities
15,493
(725)