Chinese Estates Holdings Cash Flow Statement

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-2,108	76.83	1,152	-3,515
Depreciation & Amortization	106.48	104.6	120.03	124.77
Gain (Loss) on Sale of Assets	35.78	0.03	-0.35	-0.26
Gain (Loss) on Sale of Investments	23.84	23.14	155.67	1,825
Asset Writedown	1,736	31.01	-528.48	1,377
Income (Loss) on Equity Investments	111.17	-296.27	-45.38	106.68
Change in Accounts Receivable	55.66	-0.13	29.48	-30.79
Change in Other Net Operating Assets	281.5	-3.84	-75.53	19.85
Other Operating Activities	151.87	176.57	-738.83	653.57
Operating Cash Flow	336.47	249.66	-140.09	1,406
Operating Cash Flow Growth	34.77%	-	-	-82.06%
Acquisition of Real Estate Assets	-327.07	-296.41	-341.83	-192.49
Sale of Real Estate Assets	1,661	27.6	2.54	0.26
Net Sale / Acq. of Real Estate Assets	1,334	-268.81	-339.29	-192.23
Cash Acquisition	-	-	-	-161.11
Investment in Marketable & Equity Securities	-13.4	-200.21	264.46	1,394
Other Investing Activities	-523.31	194.8	254.75	379.8
Investing Cash Flow	1,807	-274.21	179.92	1,420
Short-Term Debt Issued	-	-	-	420.22
Long-Term Debt Issued	2,446	1,277	2,035	3,836
Total Debt Issued	2,446	1,277	2,035	4,256
Short-Term Debt Repaid	-	-	-	-420.22
Long-Term Debt Repaid	-3,166	-2,468	-2,382	-5,709
Total Debt Repaid	-3,166	-2,468	-2,382	-6,129
Net Debt Issued (Repaid)	-720.36	-1,191	-346.5	-1,873
Common Dividends Paid	-	-	-	-19.08
Other Financing Activities	-232.06	-230.48	-119.39	-91.51
Foreign Exchange Rate Adjustments	-41.17	-0.71	-15.05	17.97
Net Cash Flow	1,150	-1,447	-441.11	860.97
Cash Interest Paid	232.06	230.46	119.39	91.51
Cash Income Tax Paid	13.42	16.78	16.45	67.98
Levered Free Cash Flow	-509.99	-128.81	854.6	471.25
Unlevered Free Cash Flow	-381.47	9.84	933.65	528.01
Change in Working Capital	279.6	133.75	-254.99	838.79

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.