Cash flow statement

Consolidated Cash Flow Statement

  (thousands US$ dollars)
Year ended 31 Dec20192018201720162015
           
Net cash from operating activities 435,909 588,359  761,471 897,958  542,894
           
Cash flows from investing activities          
Purchase of property, plant and equipment (559,264) (668,669)  (604,751) (434,050) 

(474,692)

Proceeds from sale of property, plant,
equipment and other assets
1,309 78  26,078 277  6,077
Purchase of available for sale financial assets   (19,877) -
Repayments of loans granted to contractors 1,327  925 2.626  1,567
Sliverstream contract 24,303  36,303  43,349 47,565  39,430
Proceeds from the sale of debt investments - 20,087 - - -
Interest received 24,176  19,520  14,535 6,958  4,614
Net cash used in investing activities (509,476)  (591,354)  (339,741) (457,906)  (246,529)
           
Cash flows from financing activities          
Principal elements of lease payments (4,681) - - - -
Capital contribution 53,256  23,613  18,869 7,361  4,796
Dividends paid to shareholders of the Company1 (142,179)  (298,068)  (236,560) (88,219)  (37,529)
Interest paid2 (57,069  (35,177)  (35,503) (28,028)  (35,144)
Net cash used in financing activities (150,673)  (309,632)  (253,194) (108,886)  (67,877)
           
Net increase in cash and cash equivalents during year (224,240)  (312,627)  168,536 331,166  228,488
Effect of exchange rate on cash and cash equivalents 31  (2,622)  (4,456) (632)  (1,408)
Cash and cash equivalents at 1 January 560,785  876,034  711,954 381,420  154,340
Cash and cash equivalents at 31 December 336,576  560,785  876,034 711,954  381,420

1Includes the effect of hedging of dividend payments made in currencies other than US$.  2Total interest paid during the year ended 31 Dec 19 less amounts capitalised totalling US$6.1 million (31 Dec 2018: US$11.1 million) which were included within the caption Purchase of property, plant and equipment.