FORWARD TOGETHER 54 Condensed Consolidated Statement of Cash Flows For the six months ended 30 June 2023 For the six months ended 30 June 2023 2022 (Unaudited) (Unaudited) Notes US$’000 US$’000 Cash flows from operating activities Profit before tax 372,631 519,486 Adjustments for: Amortisation of other intangible assets 5 13,855 14,428 Changes in carrying value of financial assets and financial liabilities at fair value through profit or loss 4 (140) 34,852 Depreciation of property, plant and equipment 5 3,211 2,763 Depreciation of right-of-use assets 5 5,950 6,178 Dividend income 4 (52,694) (107,178) Fair value gains on assets held for sale 4 (3,495) – Fair value gains on completed investment properties 4 (3,908) (43,249) Fair value gains on investment properties under construction 4 (111,399) (119,678) Finance costs 6 158,789 99,308 Gain on disposal of interests in joint ventures and associates 4 (64) (11,124) Gain on disposal of investment properties 4 (13,650) (32,722) Gain on disposal of subsidiaries 4 (199) (583) (Gain)/Loss on disposal of interests in financial assets at fair value through profit or loss 4 (1,853) 291 Interest income 4 (16,988) (5,028) Loss on disposal of assets held for sale 4 441 – Loss on disposal of property, plant and equipment 5 47 367 Management fee received/receivable in units (20,319) – Other income (1,373) – Share-based compensation expense 5 12,281 10,438 Share of profits and losses of joint ventures and associates, net (78,382) (145,005) 262,741 223,544 Increase in trade receivables (141,953) (48,817) (Increase)/Decrease in prepayments, other receivables and other assets (27,444) 4,783 Decrease in trade payables, accruals and other payables (12,598) (29,140) Cash flows generated from operations 80,746 150,370 Income tax paid (60,645) (61,063) Dividend income received from financial assets at fair value through profit or loss 910 503 Disposal of financial assets at fair value through profit or loss 931 1,831 Net cash flows generated from operating activities 21,942 91,641
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