GROUP
Note
2015
2014
RMB’000
RMB’000
(Restated)
Operating activities
Profit before income tax
4,317,113
3,619,579
Adjustments for:
Depreciation of property, plant and equipment
35,093
29,723
Dividend income from held-for-trading investment
(93)
(208)
Fair value gain on investment properties
(919,865)
(991,491)
Fair value gain on held-for-trading investment
(4,985)
(2,460)
Finance cost
206,893
236,566
Interest income
(119,239)
(81,626)
Net gain on disposal of property, plant and equipment
(29)
(303)
Net gain on disposal of investment properties
(4,962)
(1,202)
Share of loss (profit) of joint ventures
29,260
(44,288)
Operating cash flows before movements in working capital
3,539,186
2,764,290
Properties for development
(399,634)
(3,292,546)
Inventories
(13,747)
(3,682)
Completed properties for sale
3,632,749
1,841,877
Properties under development for sale
(169,801)
(823,564)
Trade and other receivables and deposits
(2,234,052)
(415,288)
Trade and other payables
12,705,481
1,416,537
Cash generated from operations
17,060,182
1,487,624
Interest paid
(1,261,693)
(1,333,726)
Income tax paid
(1,846,525)
(1,576,990)
Net cash from (used in) operating activities
13,951,964
(1,423,092)
CONSOLIDATED STATEMENT OF CASH FLOWS
Financial year ended December 31, 2015
63
