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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands, ¥ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Operating activities      
(Loss) profit before taxation $ (14,835) $ (39,580) $ 4,559
Adjustments for:      
Interest income (391) (445) (325)
Finance costs 17,330 12,200 6,368
Depreciation of property, plant and equipment 204 298 271
Depreciation of IPP solar parks 19,414 14,272 14,208
Amortization of intangible assets 52 44 71
Warranty reversal (24) (308) (451)
Share-based compensation   (223) 997
Fair value changes on other non-current liability 25,607 39,105 2,957
Loss on disposal of property, plant and equipment 78   15
Loss on disposal of intangible assets     1
Impairment loss on IPP solar parks 4,541 5,221 2,151
Fair value changes on financial assets (814)    
Provision on receivables and other non-current assets (626)    
Gain on disposal of associates   (7,448)  
Share of profit of associates (189)   (173)
Gain on disposal of IPP solar parks (26,711)   (1,248)
Gain on disposal of a subsidiary 1,288 (1,875) (11,768)
Hedge ineffectiveness on cash flow hedges and net loss arising on interest rate swap designated as FVTPL (248) (201) 641
Unrealized gain from sales to associates     242
Operating cash flows before movements in working capital 25,928 21,060 18,516
Increase in inventories (320) (271) (32,739)
(Increase)/ decrease in trade and other receivables 13,751 (4,484) (5,962)
(Increase)/ decrease in amounts due from related parties 189 (10,436) 2,145
Decrease in amount due from customers for contract work (731)    
Increase/ (decrease) in trade and other payables (4,603) 8,085 (18,249)
Decrease in amounts due to related parties   (5,893)  
Cash generated from/ (used in) operations 34,214 8,061 (36,289)
Income taxes paid (5,837) (9,470) (6,265)
Net cash generated from/ (used in) operating activities 28,377 (1,409) (42,554)
Investing activities      
Withdrawal of restricted cash 40,716 29,850 5,560
Placement of restricted cash (44,182) (40,716) (29,850)
Interest income received 391 445 325
Purchases of property, plant and equipment (114) (375) (349)
Purchases of intangible assets (10) (42) (40)
Proceeds for Investment in other non-current assets (4,833)    
Payments for IPP solar parks (41,199) (92,931) (43,581)
Proceeds from disposal of IPP solar parks 46,195 1,979 4,839
Return of investment in associates   9,505 1,554
Dividends received from associates 302 427 415
Disposal of subsidiaries (64) 41,056 4,118
Acquisition of subsidiaries     (1,113)
Net cash used in investing activities (2,798) (50,802) (58,122)
Financing activities      
Proceeds from bank borrowings 11,537 84,865 11,403
Repayment of bank borrowings (13,382) (2,164) (4,371)
Proceeds from other borrowings 29,269 35,059 51,833
Repayment of other borrowings (20,246) (25,116) (6,372)
Issuance cost of IPO/restricted shares     (153)
Repayment of other Current liabilities (18,202)    
Changes of financial liabilities     44,000
Interest paid (15,800) (12,386) (6,368)
Net cash generated from financing activities (26,824) 80,258 89,972
Net (decrease)/ increase in cash and cash equivalents (1,245) 28,047 (10,704)
Cash and cash equivalents, including cash classified as held for sale, at beginning of the year 46,084 16,435 26,272
Cash and cash equivalents at beginning of the year 46,084 12,518  
Effects of exchange rate changes on the balance of cash held in foreign currencies (880) 5,519 867
Cash and cash equivalents, including cash classified as held for sale, at end of the year 43,959 46,084 16,435
Cash and cash equivalents at end of the year $ 43,831 $ 46,084 $ 12,518