Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
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FINANCIAL REVIEW<br />
Summary Cash Flow Statement<br />
Investing Activities<br />
� Capital expenditure on existing properties<br />
� Renovation capex for <strong>Mandarin</strong> <strong>Oriental</strong>, Hong Kong<br />
� Tokyo furniture and equipment<br />
� Proceeds on disposals (1,2)<br />
� Capital distribution from associates<br />
� <strong>Hotel</strong> mezzanine funding – net repayment<br />
� Other<br />
2007<br />
US$m<br />
(15)<br />
(14)<br />
75<br />
12<br />
9<br />
-<br />
(3)<br />
64<br />
2006<br />
US$m<br />
(1) Principally the sale of half of the Group’s 50% equity in <strong>Mandarin</strong> <strong>Oriental</strong>, New York (2007) and The Mark (2006)<br />
(2) The disposal of <strong>Mandarin</strong> <strong>Oriental</strong>, New York includes US$5 million of tax paid in first half. A further<br />
US$4 million of tax will be paid in the second half.<br />
(6)<br />
(44)<br />
(6)<br />
143<br />
1<br />
-<br />
(1)<br />
87
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