ESR Interim Report 2020 (EN)

Condensed Consolidated Statement of Cash Flows For the six months ended 30 June 2020 39 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ESR Interim Report 2020 For the six months ended 30 June 2020 2019 (Unaudited) (Audited) US$’000 US$’000 Cash flows from financing activities Proceeds from bank and other borrowings 599,044 1,606,607 Repayments of bank and other borrowings (94,091) (545,976) Interest of bank and other borrowings paid (73,680) (42,711) Increase in restricted cash (42,155) (2,766) Proceeds from exercise of employee share options 4,590 – Share repurchased (894) – Interest of redeemable convertible preference shares paid – (6,869) Acquisition of non-controlling interests – (2,652) Capital contributions from non-controlling interests 3,020 68,790 Distribution paid to holders of perpetual capital securities (4,125) (4,125) Redemption of perpetual capital securities, net (98,600) – Increase in pledged bank deposits for bank loans (198) – Proceeds from related parties – 805 Dividend distributions to non-controlling interests (26,721) (59,758) Principal portion of lease payments (3,257) (2,433) Net cash generated from financing activities 262,933 1,008,912 Net increase in cash and cash equivalents 36,782 439,309 Cash and cash equivalents at beginning of year 826,682 502,056 Effect of foreign exchange rate changes, net (12,215) 2,254 Cash and cash equivalents at end of period 851,249 943,619 Analysis of balances of cash and cash equivalents Cash and bank balances 946,647 1,010,390 Restricted bank balances (63,193) (22,060) Pledged bank deposits (45,998) (44,711) Cash and short term deposits attributable to the disposal group held for sale 13,793 – Cash and cash equivalents as stated in the condensed consolidated statement of cash flows 851,249 943,619