Consolidated Statement of Cash Flows
For the year ended 31 December 2017
(Amounts in millions)
Consolidated Statement of Cash Flows
  Notes 2016
RMB
(restated)
2017
RMB
Net cash from operating activities (a) 101,135 96,502
Cash flows used in investing activities
Capital expenditure
(96,678) (87,334)
Lease prepayments
(99) (89)
Purchase of investments
(b) (3,099) (443)
Proceeds from disposal of property, plant and equipment
1,560 2,066
Proceeds from disposal of lease prepayments
10 72
Net cash inflow/(outflow) from disposal of a subsidiary
(50) 184
Purchase of short-term bank deposits
(3,237) (2,815)
Maturity of short-term bank deposits
2,550 3,096
Net cash used in investing activities (99,043) (85,263)
Cash flows used in financing activities
Principal element of finance lease payments
(59) (84)
Proceeds from bank and other loans
110,446 123,250
Repayment of bank and other loans
(113,366) (69,953)
Repayment of deferred consideration in respect of
the Mobile Network Acquisition (as defined in Note 16)
(61,710)
Payment of dividends
(6,489) (7,530)
Distributions to non-controlling interests
(87) (89)
Payment for the acquisition of non-controlling interests
(31)
Net cash used in financing activities (9,555) (16,147)
Net decrease in cash and cash equivalents (7,463) (4,908)
Cash and cash equivalents at 1 January 31,869 24,617
Effect of changes in foreign exchange rate 211 (299)
Cash and cash equivalents at 31 December 24,617 19,410

The notes on pages 153 to 221 form part of these consolidated financial statements.

2016 financial data were restated to include the retrospective impact of the acquisition of satellite communications business and Shaanxi Zhonghe Hengtai Insurance Agent Limited.