HKG:1881 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	-204.4	265.74	929.9	577.09
Depreciation & Amortization	8.01	7.73	7.94	7.71
Other Amortization	27.99	26.4	24.71	21.82
Asset Writedown	128.81	-366.92	-754.69	-309.28
Change in Accounts Receivable	6.18	-5.63	-0.64	-0.1
Change in Accounts Payable	4.7	-29.79	37.92	-28.7
Change in Other Net Operating Assets	-4.91	170.52	33.32	-3
Other Operating Activities	-17.29	-20.66	17.55	38.69
Operating Cash Flow	-50.89	46.75	296.67	304.3
Operating Cash Flow Growth	-	-84.24%	-2.51%	-36.35%
Acquisition of Real Estate Assets	-48.28	-36.47	-45.43	-10.77
Net Sale / Acq. of Real Estate Assets	-48.28	-36.47	-45.43	-10.77
Investment in Marketable & Equity Securities	-	-	10	1.33
Other Investing Activities	15.6	8.88	-7.49	-3.46
Investing Cash Flow	-26.21	-21.24	-36.1	-2.77
Long-Term Debt Issued	470.88	2,524	3,361	4,824
Long-Term Debt Repaid	-491.67	-2,397	-3,207	-4,912
Net Debt Issued (Repaid)	-20.79	126.47	153.93	-88.63
Common Dividends Paid	-	-32.57	-299.68	-394.15
Other Financing Activities	55.76	-214.87	-17.63	-7.28
Net Cash Flow	-42.14	-95.46	97.18	-188.53
Cash Interest Paid	630.4	572.38	244.51	125.66
Cash Income Tax Paid	13.66	15.8	35.95	24.44
Levered Free Cash Flow	70.71	-105.5	209.26	208.09
Unlevered Free Cash Flow	454.25	251.07	362.73	278.99
Change in Working Capital	5.99	134.48	71.26	-31.73

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.