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146 2015 2014
$m $m
CONSOLIDATED
CASH FLOW STATEMENT 440.2 456.1

YEAR ENDED 31 DECEMBER 2015 271.4 271.2
(45.4) (46.6)
Operating activities
9.5 9.2
Profit before taxation (1.0) 0.9
Adjustments for: 15.8 20.6
Depreciation and amortisation, net of asset grants (15.0)
Income related grants 0.3 –
Share-based payments (1.9) –
Changes in fair value of financial instruments 673.9 0.7
Net finance costs 712.1
Non-operating income (11.9)
Share of loss of associate (net of tax) 7.6 0.8
Others (2.9) (5.5)
Operating cash flow before working capital changes (33.8)
Changes in working capital: (55.8) 17.3
Inventories (8.9) 6.6
Trade receivables 35.2 22.7
Other receivables, deposits and prepayments 720.2
Trade and other payables 637.2 (65.3)
Balances due from related parties (92.7) 654.9
Balances due to related parties 544.5
Cash generated from operations
Income tax paid 1.6 0.8
Net cash from operating activities (328.8) (321.6)

Investing activities 2.0 2.0
36.9 –
Proceeds from disposal of property, plant and equipment and intangible assets (12.0) –
Purchase of property, plant and equipment and intangible assets (300.3)
Interest received (318.8)
Repayment of loan from an associate
Investment in an associate 0.3 0.6
Net cash used in investing activities 30.0 28.1
(345.9) (345.2)
Financing activities (19.7) (22.5)
(335.3) (339.0)
Proceeds from exercise of share options
Grants received (91.1) (2.9)
Dividends paid 0.3 0.2
Interest paid 266.9
Net cash used in financing activities 264.2 264.2
173.4
Net change in cash and cash equivalents
Exchange difference on cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year (Note 12)

The accompanying notes form an integral part of these financial statements.