Consolidated Statement of Cash Flows
For the six-month period ended 30 June 2017
(Amounts in millions)
Consolidated Statement of Cash Flows (Unaudited)
  Note 2016
RMB
2017
RMB
Net cash from operating activities (a) 46,348 46,996
Cash flows used in investing activities      
Capital expenditure
  (36,032) (30,065)
Purchase of investments
(b) (3,099) (301)
Lease prepayments
(19) (7)
Proceeds from disposal of property, plant and equipment
  558 707
Proceeds from disposal of lease prepayments
  1
Purchase of short-term bank deposits
  (1,552) (1,726)
Maturity of short-term bank deposits
  1,343 1,725
Net cash used in investing activities   (38,800) (29,667)
Cash flows used in financing activities      
Principal element of finance lease payments
  (26) (32)
Proceeds from bank and other loans
  59,378 26,316
Repayments of bank and other loans
  (68,742) (45,802)
Contribution from non-controlling interests
  31
Distribution to non-controlling interests
  (2)
Net cash used in financing activities   (9,361) (19,518)
Net decrease in cash and cash equivalents   (1,813) (2,189)
Cash and cash equivalents at 1 January   31,869 24,617
Effect of changes in foreign exchange rate   20 (108)
Cash and cash equivalents at 30 June   30,076 22,320

The notes on pages 18 to 37 form part of these consolidated financial statements.