Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 205 FINANCIAL STATEMENTS Consolidated statement of cash flows (continued) For the year ended 31 December 2024 2024 2023 Notes HK$ HK$ Investing activities Placement in bank deposits with maturity over three months (3,694,331,575) (2,235,020,471) Withdrawal of bank deposits with maturity over three months 1,746,040,000 4,380,020,471 Interest received 113,409,911 63,856,547 Dividend received from equity instruments at FVTOCI 339,612 339,612 Proceeds received on disposal of property, plant and equipment 176,784 24,282 Payment for purchase of property, plant and equipment (124,127,130) (161,733,353) Net cash (used in)/from investing activities (1,958,492,398) 2,047,487,088 Cash used in a financing activity Repayment of lease liabilities 21 (7,635,383) (7,902,442) Net (decrease)/increase in cash and cash equivalents (1,231,446,676) 2,210,768,355 Cash and cash equivalents at the beginning of the year 2,331,585,959 120,817,604 Cash and cash equivalents at the end of the year 1,100,139,283 2,331,585,959 Analysis of the balances of cash and cash equivalents Cash and bank balances 4,649,470,858 3,932,625,959 Less: Time deposits with original maturity over three months (3,549,331,575) (1,601,040,000) 1,100,139,283 2,331,585,959